56544 Property Tax Rate

Property owners in ZIP code 56544 (Frazee, Minnesota) pay a median of $1,805/year in property taxes on homes valued at $235,900. This translates to an effective tax rate of 0.77%, which is 20% below the Minnesota state average of 0.96%.

The monthly property tax burden for a median-valued home in 56544 is approximately $150, which factors into escrow payments on mortgages. This ZIP code is located within Becker County. This is $501 less than the Minnesota average of $2,306/year.

Compared to similar ZIP codes in Minnesota, 56544 has higher property taxes. ZIP codes with similar effective rates include 56158 (0.76%) and 55053 (0.76%).

In Frazee, property taxes represent approximately 2.5% of the median household income of $72,742, providing context for the relative tax burden on homeowners in this area.

Minnesota's homestead property tax system classifies owner-occupied homes at a lower rate than rental or commercial properties, reducing annual tax liability for primary residences. Contact the Becker County Assessor immediately after purchase to verify homestead classification and confirm the reduced tax rate applies. Request a detailed property assessment from the Becker County Assessor and file a formal appeal if the assessed value appears inflated relative to comparable recent sales.