56357 Property Tax Rate

Property owners in ZIP code 56357 (Oak Park, Minnesota) pay a median of $2,470/year in property taxes on homes valued at $273,300. This translates to an effective tax rate of 0.90%, which is 6% below the Minnesota state average of 0.96%.

The monthly property tax burden for a median-valued home in 56357 is approximately $206, which factors into escrow payments on mortgages. This ZIP code is located within Benton County.

Compared to similar ZIP codes in Minnesota, 56357 has lower property taxes. ZIP codes with similar effective rates include 56318 (0.90%) and 56147 (0.91%).

In Oak Park, property taxes represent approximately 2.3% of the median household income of $107,031, providing context for the relative tax burden on homeowners in this area.

Minnesota primary residences qualify for homestead property tax treatment, which applies a lower tax rate class than investment or rental properties. Contact the Benton County Assessor to confirm homestead classification is active on your property within 60 days of closing. File a property tax appeal with the Benton County Assessor if your assessed value exceeds recent market comparables — the county's effective rate of 0.98% means assessment accuracy directly impacts your annual bill.