Sebeka, Minnesota Property Taxes
The median property tax rate in Sebeka, MN is 0.37%, significantly lower than both the national median of 0.99% and the Minnesota state median of 1.11%. With a median home value of $158,100 in Sebeka, the typical annual property tax bill is $558, well below the national median of $2,690. Property taxes in Sebeka are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Navigating Sebeka's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Sebeka or another part of Cass County, understanding the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Sebeka, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.37%
Estimate Property Tax Bill
$585
Ownwell’s Sebeka Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sebeka with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sebeka 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 Sebeka, Minnesota
Property taxes in Sebeka, Minnesota, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sebeka is 1.05%, higher than both the Minnesota state median of 0.83% and the U.S. national median of 0.99%. Local government entities within Sebeka set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sebeka 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 Sebeka's effective property tax rate to other counties in Minnesota and the national median. For comparison, 55101 has the highest median property tax rate of 1.37%, while 56401 has the lowest median tax rate of 0.69%. Understanding how these cities compare with Sebeka provides valuable insights into the varying tax landscape across Wadena County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sebeka Tax Rate
0.37%
Average Cass County Tax Rate
0.53%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sebeka, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56477 | 0.26% | 0.33% | 0.37% | 0.42% | 0.45% |
Source: Ownwell
Property Tax Assessment Values Across Sebeka, Minnesota
In Sebeka, 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 Cass 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. Assessment notices in Sebeka 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 Sebeka helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills both stand at $558.00, found in the zip code 56477.
Average Sebeka Assessed Value
$158,100
Average Cass County Assessed Value
$248,800
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sebeka, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56477 | $63,960 | $72,300 | $158,100 | $283,400 | $327,100 |
Source: Ownwell
Property Tax Bills Across Sebeka, Minnesota
In Sebeka, located in Cass County, MN, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors who evaluate the market value of the property. Once the assessed value is established, the local tax rate is applied to this value to calculate the annual tax bill. Several factors influence the final tax bill, including the property's location, size, and overall market conditions. For instance, in Sebeka, the median home price is $158,100. Homeowners in the 25th percentile of tax bills pay around $306, while those in the 75th percentile pay approximately $864. The tax bill can go up to $1,138 for those in the 90th percentile. These tax bills impact homeowners by contributing to local services such as schools, infrastructure, and public safety. Compared to the national median property tax rate of 0.99%, Sebeka's property taxes are relatively moderate, making it an appealing option for potential homeowners.
Average Sebeka Tax Bill
$558
Average Cass County Tax Bill
$1,350
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Sebeka, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56477 | $232 | $306 | $558 | $864 | $1,138 |
Source: Ownwell