56744 Property Tax Rate

Property owners in ZIP code 56744 (Oslo, Minnesota) pay a median of $1,179/year in property taxes on homes valued at $135,100. 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 56744 is approximately $98, which factors into escrow payments on mortgages. This ZIP code is located within Marshall County. This is $1,127 less than the Minnesota average of $2,306/year.

Compared to similar ZIP codes in Minnesota, 56744 has higher property taxes. ZIP codes with similar effective rates include 56401 (0.87%) and 56149 (0.87%).

In Oslo, property taxes represent approximately 1.5% of the median household income of $77,222, providing context for the relative tax burden on homeowners in this area.

Minnesota homestead classification applies automatically to primary residences you own and occupy, reducing your effective tax rate compared to non-homestead property. Contact the Marshall County Assessor within 60 days of closing to verify homestead classification is properly recorded on your property. File a formal appeal with the Marshall County Assessor by the county deadline if your assessed value exceeds fair market value based on recent comparable sales.