Baxter, MN — income, home value, property tax, and sales tax.
In ZIP code 56449, near Baxter, homes carry a median value of $309,100, and the county-level effective property tax rate of 0.74% translates to roughly $2,287 a year in taxes on such a home. Households here earn a median of $74,861, while per-capita income sits at $37,877, so property taxes would claim about 3.1% of median household earnings. Combined with a 7.38% sales tax rate, that leaves buyers weighing both purchase price and ongoing costs. The gap between median home value and per-capita income also hints that single earners may find ownership harder to reach than dual-income households do.
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