56755 Property Tax Rate

Property owners in ZIP code 56755 (Saint Vincent, Minnesota) pay a median of $533/year in property taxes on homes valued at $58,000. This translates to an effective tax rate of 0.92%, which is 4% below the Minnesota state average of 0.96%.

The monthly property tax burden for a median-valued home in 56755 is approximately $44, which factors into escrow payments on mortgages. This ZIP code is located within Kittson County. This is $1,773 less than the Minnesota average of $2,306/year.

Compared to similar ZIP codes in Minnesota, 56755 has lower property taxes. ZIP codes with similar effective rates include 55792 (0.92%) and 56075 (0.92%).

In Saint Vincent, property taxes represent approximately 0.8% of the median household income of $68,125, providing context for the relative tax burden on homeowners in this area.

If you're considering purchasing a home in 56755, keep in mind that property taxes are based on the assessed value assigned by the local assessor, which may differ from the purchase price. In some states, properties are reassessed at or near the sale price upon transfer of ownership. For the most current tax information for a specific property, consult Kittson County's tax assessor directly.