56434 Property Tax Rate

Property owners in ZIP code 56434 (Aldrich, Minnesota) pay a median of $1,646/year in property taxes on homes valued at $177,500. This translates to an effective tax rate of 0.93%, which is 3% below the Minnesota state average of 0.96%.

The monthly property tax burden for a median-valued home in 56434 is approximately $137, which factors into escrow payments on mortgages. This ZIP code is located within Todd County. This is $660 less than the Minnesota average of $2,306/year.

Compared to similar ZIP codes in Minnesota, 56434 has lower property taxes. ZIP codes with similar effective rates include 56304 (0.93%) and 56573 (0.93%).

In Aldrich, property taxes represent approximately 3.2% of the median household income of $50,833, providing context for the relative tax burden on homeowners in this area.

Minnesota's homestead classification applies automatically to primary residences you own and occupy, taxing the property at a reduced rate versus rental or commercial use. Verify with the Todd County Assessor that your homestead status is properly recorded after closing to secure the lower tax rate. Request a property tax statement from the Todd County Assessor's office within 30 days of purchase to confirm the classification and identify any appeal opportunities.