ZIP Code 55721

In ZIP code 55721, near Bovey, homes are valued at a median of $302,300, and the county-level property tax rate of 0.86% translates to roughly $2,600 in annual taxes on such a home. Households here earn a median of $86,429, while per-capita income reaches $47,156, so property taxes claim a smaller share of earnings than in many places. Adding a combined sales tax of 7.88% affects day-to-day purchases. The relationship between home values and incomes shapes how much buyers can absorb, with the tax load tied directly to what a property is worth.