56527 Property Tax Rate

Property owners in ZIP code 56527 (Deer Creek, Minnesota) pay a median of $1,347/year in property taxes on homes valued at $192,400. This translates to an effective tax rate of 0.70%, which is 27% below the Minnesota state average of 0.96%.

The monthly property tax burden for a median-valued home in 56527 is approximately $112, which factors into escrow payments on mortgages. This ZIP code is located within Otter Tail County. This is $959 less than the Minnesota average of $2,306/year.

Compared to similar ZIP codes in Minnesota, 56527 has lower property taxes. ZIP codes with similar effective rates include 56115 (0.70%) and 56653 (0.70%).

In Deer Creek, property taxes represent approximately 2.2% of the median household income of $61,607, providing context for the relative tax burden on homeowners in this area.

Minnesota homestead properties receive a lower taxable classification rate than non-owner-occupied homes, saving you hundreds annually on a median-value home. File for homestead classification with the Otter Tail County Assessor immediately after purchase — while automatic for owner-occupants, documentation ensures no delays in rate reduction. Review your property tax statement from the Otter Tail County Assessor each year and appeal by the county deadline if your assessed value deviates significantly from recent comparable sales.