56440 Property Tax Rate

Property owners in ZIP code 56440 (Clarissa, Minnesota) pay a median of $1,454/year in property taxes on homes valued at $130,100. This translates to an effective tax rate of 1.12%, which is 17% above the Minnesota state average of 0.96%.

The monthly property tax burden for a median-valued home in 56440 is approximately $121, which factors into escrow payments on mortgages. This ZIP code is located within Todd County. This is $852 less than the Minnesota average of $2,306/year.

Compared to similar ZIP codes in Minnesota, 56440 has lower property taxes. ZIP codes with similar effective rates include 55722 (1.12%) and 55934 (1.12%).

In Clarissa, property taxes represent approximately 2.7% of the median household income of $53,250, 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.