56570 Property Tax Rate

Property owners in ZIP code 56570 (Osage, Minnesota) pay a median of $1,561/year in property taxes on homes valued at $273,800. This translates to an effective tax rate of 0.57%, which is 40% below the Minnesota state average of 0.96%.

The monthly property tax burden for a median-valued home in 56570 is approximately $130, which factors into escrow payments on mortgages. This ZIP code is located within Becker County. This is $745 less than the Minnesota average of $2,306/year.

Compared to similar ZIP codes in Minnesota, 56570 has lower property taxes. ZIP codes with similar effective rates include 56652 (0.57%) and 56748 (0.57%).

In Osage, property taxes represent approximately 2.4% of the median household income of $65,938, 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.