ZIP Code 55341

In ZIP code 55341, near Minneapolis, homes carry a median value of $450,300, and the county-level effective property tax rate of 0.98% works out to roughly $4,413 a year. With median household income at $157,071 and per-capita income at $55,018, that tax bill takes up a smaller share of earnings than in many places. The combined sales tax rate is 7.03%. High home values paired with strong incomes keep property taxes from straining most household budgets here, though buyers stretching to enter this market should weigh the annual bill alongside their mortgage.