56621 Property Tax Rate

Property owners in ZIP code 56621 (Bagley, Minnesota) pay a median of $1,399/year in property taxes on homes valued at $176,700. This translates to an effective tax rate of 0.79%, which is 17% below the Minnesota state average of 0.96%.

The monthly property tax burden for a median-valued home in 56621 is approximately $117, which factors into escrow payments on mortgages. This ZIP code is located within Clearwater County. This is $907 less than the Minnesota average of $2,306/year.

Compared to similar ZIP codes in Minnesota, 56621 has lower property taxes. ZIP codes with similar effective rates include 55042 (0.79%) and 56143 (0.79%).

In Bagley, property taxes represent approximately 2.2% of the median household income of $63,750, providing context for the relative tax burden on homeowners in this area.

Minnesota primary residences automatically qualify for homestead classification, reducing the tax rate applied to owner-occupied homes versus rental or commercial property. Contact the Clearwater County Assessor within 60 days of purchase to confirm homestead classification is active on your property. File a property tax appeal with the Clearwater County Assessor by the county deadline if your assessed value appears inconsistent with fair market value.