Canton, MN — income, home value, property tax, and sales tax.
In ZIP code 55965, near Canton, homes carry a median value of $206,700 while the county's effective property tax rate sits at 0.94%. That works out to roughly $1,943 in annual property taxes on a median-priced home. With median household income at $65,577 and per-capita income at $38,286, the tax bill absorbs a low single-digit share of yearly earnings. Combined with a 7.38% sales tax rate, housing costs here stay within reach for many working households, though individual experience depends on down payment size, mortgage terms, and whether income falls below the median.
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