56364 Property Tax Rate

Property owners in ZIP code 56364 (Pierz, Minnesota) pay a median of $1,961/year in property taxes on homes valued at $239,500. This translates to an effective tax rate of 0.82%, which is 14% below the Minnesota state average of 0.96%.

The monthly property tax burden for a median-valued home in 56364 is approximately $163, which factors into escrow payments on mortgages. This ZIP code is located within Morrison County. This is $345 less than the Minnesota average of $2,306/year.

Compared to similar ZIP codes in Minnesota, 56364 has higher property taxes. ZIP codes with similar effective rates include 56550 (0.82%) and 55723 (0.82%).

In Pierz, property taxes represent approximately 2.5% of the median household income of $77,440, providing context for the relative tax burden on homeowners in this area.

Minnesota classifies primary residences at a lower taxable rate than rental or commercial property, reducing your overall tax burden compared to non-homestead classifications. Contact the Morrison County Assessor's office to ensure your property is classified as homestead when you purchase — this classification is automatic for owner-occupied homes but requires verification. File any assessment appeals with the Morrison County Assessor by the local deadline (typically mid-year) if your assessed value seems inconsistent with comparable sales.