56472 Property Tax Rate

Property owners in ZIP code 56472 (Pequot Lakes, Minnesota) pay a median of $2,210/year in property taxes on homes valued at $299,900. 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 56472 is approximately $184, which factors into escrow payments on mortgages. This ZIP code is located within Cass County.

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

In Pequot Lakes, property taxes represent approximately 2.7% of the median household income of $81,938, providing context for the relative tax burden on homeowners in this area.

Minnesota primary residences receive homestead property tax treatment, meaning your home is taxed at a lower rate class than investment or commercial property in the state. File homestead documentation with the Cass County Assessor upon closing to activate the reduced tax classification. Request a property value review from the Cass County Assessor each year and submit a written appeal by the county deadline if assessed value rises disproportionately.