56353 Property Tax Rate

Property owners in ZIP code 56353 (Milaca, Minnesota) pay a median of $2,482/year in property taxes on homes valued at $239,600. This translates to an effective tax rate of 1.04%, which is 8% above the Minnesota state average of 0.96%.

The monthly property tax burden for a median-valued home in 56353 is approximately $207, which factors into escrow payments on mortgages. This ZIP code is located within Mille Lacs County.

Compared to similar ZIP codes in Minnesota, 56353 has higher property taxes. ZIP codes with similar effective rates include 56523 (1.04%) and 55115 (1.04%).

In Milaca, property taxes represent approximately 3.2% of the median household income of $77,170, providing context for the relative tax burden on homeowners in this area.

Minnesota's homestead classification reduces your taxable market value and applies a lower tax class rate to primary residences — establish this status with the Mille Lacs County Assessor right after purchase. The Homestead Credit, an income-based refund available to qualifying households, is claimed on your Minnesota state income tax return and may reduce your annual tax burden. Contact the Mille Lacs County Assessor within 30 days of closing to file your homestead designation.