56723 Property Tax Rate

Property owners in ZIP code 56723 (Fisher, Minnesota) pay a median of $2,439/year in property taxes on homes valued at $214,400. 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 56723 is approximately $203, which factors into escrow payments on mortgages. This ZIP code is located within Polk County.

Compared to similar ZIP codes in Minnesota, 56723 has lower property taxes. ZIP codes with similar effective rates include 55804 (1.14%) and 55808 (1.14%).

In Fisher, property taxes represent approximately 2.3% of the median household income of $108,333, 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.