56235 Property Tax Rate

Property owners in ZIP code 56235 (Donnelly, Minnesota) pay a median of $1,190/year in property taxes on homes valued at $124,500. This translates to an effective tax rate of 0.96%, which is near the Minnesota state average of 0.96%.

The monthly property tax burden for a median-valued home in 56235 is approximately $99, which factors into escrow payments on mortgages. This ZIP code is located within Stevens County. This is $1,116 less than the Minnesota average of $2,306/year.

Compared to similar ZIP codes in Minnesota, 56235 has higher property taxes. ZIP codes with similar effective rates include 56525 (0.96%) and 55121 (0.96%).

In Donnelly, property taxes represent approximately 1.5% of the median household income of $80,521, providing context for the relative tax burden on homeowners in this area.

Minnesota's homestead classification system taxes primary residences at a lower assessment rate than rental or commercial property, providing immediate tax savings at purchase. File your homestead application with the Stevens County Assessor's office by December 31 of the year following your purchase to lock in the homestead rate. Contact the Stevens County Assessor to confirm your eligibility and ensure homestead classification is reflected on your tax statement.