ZIP Code 55345

In ZIP code 55345, near Minneapolis, homes carry a median value of $504,000, and the county-level effective property tax rate of 1.14% works out to roughly $5,746 a year in taxes on such a home. Households here earn a median of $145,332, with per-capita income at $77,623, so that tax bill equals about 4% of median household earnings — a share that many homeowners can absorb without straining. Sales taxes add 8.53% at checkout on purchases. High home values and healthy incomes together shape how housing costs land here.