ZIP Code 55605

In ZIP code 55605, near Grand Marais, homes carry a median value of $140,200, and the county-level effective property tax rate of 0.69% translates to roughly $967 in annual taxes on such a home. With median household income at $56,250, that tax equals about 1.7% of yearly earnings, while per-capita income sits at $29,910. A combined sales tax rate of 8.38% adds to everyday costs. The relationship between modest home prices and low effective rates keeps property taxes from consuming a large share of what households bring in.