Clara City, MN — income, home value, property tax, and sales tax.
In ZIP code 56265, which takes in Clara City, median household income stands at $74,848 while the median home value is $162,400. With the county-level effective property tax rate at 1.10%, annual property taxes on such a home would run about $1,786 — roughly 2.4% of median household earnings. Per-capita income is $35,876, and the combined sales tax rate is 7.38%. That mix of a low home value against solid household earnings keeps the yearly tax outlay contained, though the sales tax adds a bit to everyday purchases within the area.
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