56649 Property Tax Rate

Property owners in ZIP code 56649 (International Falls, Minnesota) pay a median of $1,246/year in property taxes on homes valued at $143,600. This translates to an effective tax rate of 0.87%, which is 9% below the Minnesota state average of 0.96%.

The monthly property tax burden for a median-valued home in 56649 is approximately $104, which factors into escrow payments on mortgages. This ZIP code is located within Koochiching County. This is $1,060 less than the Minnesota average of $2,306/year.

Compared to similar ZIP codes in Minnesota, 56649 has lower property taxes. ZIP codes with similar effective rates include 55716 (0.87%) and 56628 (0.87%).

In International Falls, property taxes represent approximately 1.8% of the median household income of $70,348, providing context for the relative tax burden on homeowners in this area.

Minnesota homestead classification automatically applies to primary residences you own and occupy, reducing the effective tax rate on your home. Confirm homestead status with the Koochiching County Assessor upon closing to ensure the lower rate is applied correctly. File a property tax appeal with the Koochiching County Assessor by the county deadline if assessed value does not align with fair market value.