Balaton, MN — income, home value, property tax, and sales tax.
Households in ZIP code 56263, centered on Balaton, earn a median of $73,636 a year, placing the area in middle-income territory rather than among affluent communities. Per-capita income sits at $41,734. Homes carry a median value of $169,200, and the county-level property tax rate of 1.00% means owners pay roughly $1,692 annually per $100,000 of assessed value. Shoppers face a combined sales tax of 7.38%. Taken together, the income and housing figures point to a working- to middle-income population bearing a fairly ordinary tax load.
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