56385 Property Tax Rate

Property owners in ZIP code 56385 (Villard, Minnesota) pay a median of $1,677/year in property taxes on homes valued at $217,300. This translates to an effective tax rate of 0.77%, which is 19% below the Minnesota state average of 0.96%.

The monthly property tax burden for a median-valued home in 56385 is approximately $140, which factors into escrow payments on mortgages. This ZIP code is located within Pope County. This is $629 less than the Minnesota average of $2,306/year.

Compared to similar ZIP codes in Minnesota, 56385 has lower property taxes. ZIP codes with similar effective rates include 55703 (0.77%) and 56117 (0.77%).

In Villard, property taxes represent approximately 2.4% of the median household income of $69,375, 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 Pope County Assessor's office by December 31 of the year following your purchase to lock in homestead classification. Contact the Pope County Assessor to confirm filing procedures and ensure your property is classified as homestead on the tax rolls.