Foley, MN — income, home value, property tax, and sales tax.
In ZIP code 56377, near Foley, homes carry a median value of $302,400 while the county's effective property tax rate sits at 1.00% — roughly $3,024 a year in property taxes on that median home. With median household income at $87,172, that tax bill equals about 3.5% of annual household earnings. Per-capita income lands at $43,647. A combined sales tax rate of 7.12% applies to purchases in the area. Home prices here run well above what a single year's median earnings would cover, so buyers weighing a move should factor both the purchase price and the ongoing tax load into their plans.
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