56589 Property Tax Rate

Property owners in ZIP code 56589 (Waubun, Minnesota) pay a median of $1,851/year in property taxes on homes valued at $207,800. This translates to an effective tax rate of 0.89%, which is 7% below the Minnesota state average of 0.96%.

The monthly property tax burden for a median-valued home in 56589 is approximately $154, which factors into escrow payments on mortgages. This ZIP code is located within Mahnomen County. This is $455 less than the Minnesota average of $2,306/year.

Compared to similar ZIP codes in Minnesota, 56589 has lower property taxes. ZIP codes with similar effective rates include 55017 (0.89%) and 55746 (0.89%).

In Waubun, property taxes represent approximately 2.7% of the median household income of $67,431, 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.