56557 Property Tax Rate

Property owners in ZIP code 56557 (Mahnomen, Minnesota) pay a median of $1,248/year in property taxes on homes valued at $121,100. This translates to an effective tax rate of 1.03%, which is 8% above the Minnesota state average of 0.96%.

The monthly property tax burden for a median-valued home in 56557 is approximately $104, which factors into escrow payments on mortgages. This ZIP code is located within Mahnomen County. This is $1,058 less than the Minnesota average of $2,306/year.

Compared to similar ZIP codes in Minnesota, 56557 has lower property taxes. ZIP codes with similar effective rates include 55363 (1.03%) and 56063 (1.03%).

In Mahnomen, property taxes represent approximately 2.4% of the median household income of $53,077, providing context for the relative tax burden on homeowners in this area.

Minnesota homestead classification reduces the tax rate on primary residences compared to rental or commercial properties, benefiting owner-occupants statewide. Contact the Mahnomen County Assessor upon closing to register your homestead status and activate the lower tax classification. Review your annual assessment from the Mahnomen County Assessor and file an appeal by the county deadline if the assessed value appears inconsistent with comparable sales.