Baxter, MN — income, home value, property tax, and sales tax.
In ZIP code 56425, near Baxter, homes carry a median value of $324,600 while the county-level effective property tax rate sits at 0.74%. That combination yields an annual property tax bill of roughly $2,400, set against a median household income of $70,740 and per-capita income of $42,676. Housing costs here demand a meaningful share of earnings, though the tax rate itself stays below many parts of the country. Daily purchases carry a combined sales tax of 7.88%, a factor worth weighing alongside mortgage and tax obligations when assessing what living in this area truly costs.
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