ZIP Code 56029

In ZIP code 56029, near Albert Lea, homes carry a median value of $122,100, and the county-level property tax rate sits at 1.11%. That works out to roughly $1,355 in annual property taxes on a median-priced home. With median household income at $67,857 and per-capita income at $33,383, the tax bill amounts to about 2% of a household's yearly earnings. Sales taxes add 7.38% at checkout. Lower home values here mean property taxes take a smaller bite out of paychecks than they would in pricier markets, even though the rate itself is not especially low.