56715 Property Tax Rate

Property owners in ZIP code 56715 (Brooks, Minnesota) pay a median of $913/year in property taxes on homes valued at $162,500. This translates to an effective tax rate of 0.56%, which is 41% below the Minnesota state average of 0.96%.

The monthly property tax burden for a median-valued home in 56715 is approximately $76, which factors into escrow payments on mortgages. This ZIP code is located within Red Lake County. This is $1,393 less than the Minnesota average of $2,306/year.

Compared to similar ZIP codes in Minnesota, 56715 has lower property taxes. ZIP codes with similar effective rates include 55612 (0.56%) and 56688 (0.56%).

In Brooks, property taxes represent approximately 1.3% of the median household income of $72,813, providing context for the relative tax burden on homeowners in this area.

Minnesota's homestead classification system taxes primary residences at a lower class rate than rental or commercial property, reducing your effective tax burden compared to non-owner-occupied homes. Contact the Red Lake County Assessor's office to ensure your property is classified as homestead when you purchase — the classification must be properly recorded to receive the rate benefit. File your homestead application with the county assessor immediately after closing to lock in the reduced rate for the upcoming assessment year.