56762 Property Tax Rate

Property owners in ZIP code 56762 (Warren, Minnesota) pay a median of $1,484/year in property taxes on homes valued at $149,300. This translates to an effective tax rate of 0.99%, which is 4% above the Minnesota state average of 0.96%.

The monthly property tax burden for a median-valued home in 56762 is approximately $124, which factors into escrow payments on mortgages. This ZIP code is located within Polk County. This is $822 less than the Minnesota average of $2,306/year.

Compared to similar ZIP codes in Minnesota, 56762 has higher property taxes. ZIP codes with similar effective rates include 56201 (0.99%) and 56307 (0.99%).

In Warren, property taxes represent approximately 2.4% of the median household income of $61,719, 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.