Balaton, MN — income, home value, property tax, and sales tax.
In ZIP code 56258, which takes in Balaton, households bring in a median of $72,731 a year, with per-capita income at $39,367. A median home there is valued at $219,600, and the county-level property tax rate of 1.06% works out to roughly $2,328 annually for a home at that price. Add a combined sales tax of 7.88% on purchases, and the earnings picture leaves room for both housing costs and everyday spending, though the sales rate does skim a bit off each transaction.
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