56549 Property Tax Rate

Property owners in ZIP code 56549 (Hawley, Minnesota) pay a median of $2,955/year in property taxes on homes valued at $317,500. This translates to an effective tax rate of 0.93%, which is near the Minnesota state average of 0.96%.

The monthly property tax burden for a median-valued home in 56549 is approximately $246, which factors into escrow payments on mortgages. This ZIP code is located within Clay County. This is $649 more than the Minnesota average of $2,306/year.

Compared to similar ZIP codes in Minnesota, 56549 has higher property taxes. ZIP codes with similar effective rates include 55433 (0.93%) and 55434 (0.93%).

In Hawley, property taxes represent approximately 2.9% of the median household income of $100,326, providing context for the relative tax burden on homeowners in this area.

Minnesota primary residences automatically receive homestead classification, which taxes your home at a lower rate than investment or commercial property in the state. Verify homestead status with the Clay County Assessor within 60 days of purchase to confirm the reduced rate is applied correctly. File a property tax appeal with the Clay County Assessor by the county deadline if your assessed value does not reflect current fair market conditions.