Appleton, Minnesota Property Taxes
The median property tax rate in Appleton, MN is 0.57%, considerably lower than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Appleton at $164,500, the typical annual property tax bill is $1,126, significantly below the national median of $2,690. Property taxes in Appleton are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Appleton'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 Appleton or another part of Chippewa County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Appleton, Minnesota Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$2,220
Ownwell’s Appleton Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Appleton with ease. By simply inputting your property's assessed value, the calculator uses the median tax rate in Appleton to provide an accurate estimate of your property tax bill. This valuable resource helps you understand your potential tax liabilities and plan accordingly. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property's assessed value, determined by Chippewa County, plays a crucial role in these calculations, taking into account any applicable exemptions.
Property Tax Rates Across Appleton, Minnesota
Property taxes in Appleton, Minnesota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Appleton is 0.57%, which is lower than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Appleton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Appleton 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 Appleton's effective property tax rate to other counties in Minnesota and the national median. For comparison, the 56208 zip code has the highest median property tax rate of 0.57%, while the same zip code also has the lowest median tax rate of 0.57%. Understanding how these cities compare with Appleton provides valuable insights into the varying tax landscape across Chippewa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Appleton Tax Rate
0.57%
Average Chippewa County Tax Rate
1.23%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Appleton, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56208 | 0.39% | 0.53% | 0.57% | 0.62% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across Appleton, Minnesota
In Appleton, 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 Chippewa 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 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. The median home price in Appleton is $164,500, with the 25th percentile tax bill at $586 and the 75th percentile at $3,558. The highest and lowest median tax bills are both $1,126 in the 56208 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Appleton Assessed Value
$164,500
Average Chippewa County Assessed Value
$136,650
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Appleton, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56208 | $74,900 | $98,950 | $164,500 | $1,209,850 | $1,552,150 |
Source: Ownwell
Property Tax Bills Across Appleton, Minnesota
In Appleton, located in Chippewa County, MN, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Factors such as property improvements, market conditions, and neighborhood changes can influence the assessed value, thereby affecting the tax bill. For example, the median home price in Appleton is $164,500. Depending on various factors, homeowners might find themselves paying a tax bill that ranges significantly. The 25th percentile tax bill is around $586, while the 75th percentile tax bill can be as high as $3,558. At the 90th percentile, some homeowners could face tax bills up to $6,087. This wide range illustrates how individual property characteristics and local policies can significantly impact the financial obligations of homeowners in Appleton.
Average Appleton Tax Bill
$1,126
Average Chippewa County Tax Bill
$1,622
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Appleton, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56208 | $429 | $586 | $1,126 | $3,558 | $6,087 |
Source: Ownwell