56653 Property Tax Rate

Property owners in ZIP code 56653 (Littlefork, Minnesota) pay a median of $1,024/year in property taxes on homes valued at $145,800. This translates to an effective tax rate of 0.70%, which is 27% below the Minnesota state average of 0.96%.

The monthly property tax burden for a median-valued home in 56653 is approximately $85, which factors into escrow payments on mortgages. This ZIP code is located within Koochiching County. This is $1,282 less than the Minnesota average of $2,306/year.

Compared to similar ZIP codes in Minnesota, 56653 has lower property taxes. ZIP codes with similar effective rates include 56519 (0.70%) and 56522 (0.70%).

In Littlefork, property taxes represent approximately 1.5% of the median household income of $67,411, 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.