56721 Property Tax Rate

Property owners in ZIP code 56721 (East Grand Forks, Minnesota) pay a median of $2,806/year in property taxes on homes valued at $247,200. This translates to an effective tax rate of 1.14%, which is 19% above the Minnesota state average of 0.96%.

The monthly property tax burden for a median-valued home in 56721 is approximately $234, which factors into escrow payments on mortgages. This ZIP code is located within Polk County. This is $500 more than the Minnesota average of $2,306/year.

Compared to similar ZIP codes in Minnesota, 56721 has lower property taxes. ZIP codes with similar effective rates include 55808 (1.14%) and 56270 (1.13%).

In East Grand Forks, property taxes represent approximately 3.4% of the median household income of $83,633, providing context for the relative tax burden on homeowners in this area.

Minnesota homestead property tax classification applies automatically to owner-occupied homes, providing a lower taxable rate than non-homestead property. Confirm homestead status with the Polk County Assessor within 30 days of purchase to ensure the reduced rate takes effect. File a formal assessment appeal with the Polk County Assessor by the county deadline if your assessed value exceeds fair market value based on recent comparable sales.