Duluth, Minnesota Property Taxes
The median property tax rate in Duluth, MN is 1.16%, noticeably higher than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Duluth at $349,100, the typical annual property tax bill reaches $4,020, surpassing the national median of $2,690. Property taxes in Duluth are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Duluth's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Duluth or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Duluth, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$4,050
Ownwell’s Duluth Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Duluth with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Duluth to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Duluth, Minnesota
Property taxes in Duluth, Minnesota, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Duluth is 1.16%, higher than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Duluth set these rates annually, and they can vary significantly across different neighborhoods. Each year, Duluth estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Duluth's effective property tax rate to other counties in Minnesota and the national median. For comparison, the 55810 zip code in Duluth has the highest median property tax rate of 1.16%, while the lowest median tax rate is also 1.16%, indicating uniformity across the city. Understanding how Duluth compares with other areas provides valuable insights into the varying tax landscape across Carlton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Duluth Tax Rate
1.16%
Average Carlton County Tax Rate
1.15%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Duluth, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55810 | 1.05% | 1.12% | 1.16% | 1.19% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Duluth, Minnesota
In Duluth, Minnesota, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Carlton County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Duluth, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Duluth helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the region is $4,020 in the 55810 zip code, while the lowest is also $4,020 in the same zip code.
Average Duluth Assessed Value
$349,100
Average Carlton County Assessed Value
$213,450
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Duluth, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55810 | $225,300 | $284,100 | $349,100 | $473,700 | $607,200 |
Source: Ownwell
Property Tax Bills Across Duluth, Minnesota
In Duluth, property tax bills are calculated based on the assessed value of a home, which is determined by the Carlton County Assessor's office. The assessed value is a percentage of the property's market value, reflecting its worth in the current real estate market. The tax rate is then applied to this assessed value to determine the annual property tax bill. For instance, a median home price in Duluth is $349,100, and property tax bills can range significantly. Homeowners at the 25th percentile can expect to pay around $3,086, while those at the 75th percentile may see bills as high as $5,574. At the 90th percentile, the tax bill can reach up to $7,082. Compared to the national median property tax rate of 0.99%, Duluth's rates can be considered relatively high, impacting homeowners by increasing the annual cost of maintaining their property. This variability in tax bills underscores the importance of understanding how local assessments and tax rates affect financial planning for homeowners.
Average Duluth Tax Bill
$4,020
Average Carlton County Tax Bill
$2,610
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Duluth, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55810 | $2,082 | $3,086 | $4,020 | $5,574 | $7,082 |
Source: Ownwell