56535 Property Tax Rate

Property owners in ZIP code 56535 (Erskine, Minnesota) pay a median of $1,750/year in property taxes on homes valued at $215,200. This translates to an effective tax rate of 0.81%, which is 15% below the Minnesota state average of 0.96%.

The monthly property tax burden for a median-valued home in 56535 is approximately $146, which factors into escrow payments on mortgages. This ZIP code is located within Polk County. This is $556 less than the Minnesota average of $2,306/year.

Compared to similar ZIP codes in Minnesota, 56535 has lower property taxes. ZIP codes with similar effective rates include 55089 (0.81%) and 55005 (0.81%).

In Erskine, property taxes represent approximately 3.0% of the median household income of $57,917, providing context for the relative tax burden on homeowners in this area.

Minnesota homestead property tax classification applies automatically to owner-occupied homes, providing a lower taxable rate than non-homestead property. Confirm homestead status with the Polk County Assessor within 30 days of purchase to ensure the reduced rate takes effect. File a formal assessment appeal with the Polk County Assessor by the county deadline if your assessed value exceeds fair market value based on recent comparable sales.