56443 Property Tax Rate

Property owners in ZIP code 56443 (Cushing, Minnesota) pay a median of $2,587/year in property taxes on homes valued at $351,000. This translates to an effective tax rate of 0.74%, which is 23% below the Minnesota state average of 0.96%.

The monthly property tax burden for a median-valued home in 56443 is approximately $216, which factors into escrow payments on mortgages. This ZIP code is located within Morrison County. This is $281 more than the Minnesota average of $2,306/year.

Compared to similar ZIP codes in Minnesota, 56443 has lower property taxes. ZIP codes with similar effective rates include 56472 (0.74%) and 56644 (0.74%).

In Cushing, property taxes represent approximately 3.5% of the median household income of $73,056, 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.