Canton, MN — income, home value, property tax, and sales tax.
In ZIP code 55961, near Canton, homes carry a median value of $172,200, and the county's 1.03% effective property tax rate works out to roughly $1,774 a year on such a home. With median household income at $98,214, that tax bill equals under two percent of annual earnings, so owning a home here leaves most of a paycheck untouched by property taxes. Per-capita income sits at $36,648. Shoppers also pay a 7.38% combined sales tax on purchases. The gap between home prices and local earnings makes buying within reach for many working households.
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