Baxter, MN — income, home value, property tax, and sales tax.
In ZIP 56465, near Baxter, homes carry a median value of $372,100 while the county's 0.74% effective property tax rate yields an annual bill of roughly $2,754. With median household income at $74,400, that levy absorbs about 3.7% of a household's yearly earnings, a share that stays contained even as home prices run well above what many area wages might otherwise support. Per-capita income sits at $41,544. Day-to-day purchases carry a 7.38% combined sales tax, slightly above Minnesota's base rate, adding a bit to the overall cost of living here.
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