Lac Qui Parle County Property Taxes
The median property tax rate in Lac qui Parle County is 1.09%, which is slightly above the national median of 0.99% but just below the Minnesota state median of 1.11%. With a median home value of $124,600, the typical annual property tax bill in Lac qui Parle County amounts to $1,448, which is considerably lower than the national median of $2,690. Property taxes in Lac qui Parle County are determined based on the tax assessed value, which is typically lower than the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Lac qui Parle County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Madison or another part of Lac qui Parle County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lac Qui Parle County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$1,358
Ownwell’s Lac qui Parle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Lac qui Parle with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Lac qui Parle to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Lac Qui Parle County, Minnesota
Property taxes in Lac qui Parle play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Lac qui Parle is 1.09%, which is higher than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Lac qui Parle set these rates annually, and they can vary significantly between different areas within the county. Each year, Lac qui Parle estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Dawson has one of the higher property tax rates at 1.96%, while the city of Odessa boasts one of the lowest at 0.46%. Analyzing how Lac qui Parle's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Lac Qui Parle County Tax Rate
1.09%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lac Qui Parle County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Appleton | 0.23% | 0.30% | 0.52% | 0.69% | 0.78% |
| Bellingham | 0.22% | 0.33% | 0.63% | 0.99% | 1.41% |
| Boyd | 0.30% | 0.57% | 1.37% | 2.80% | 4.34% |
| Canby | 0.24% | 0.35% | 0.60% | 0.86% | 1.07% |
| Clarkfield | 0.52% | 0.53% | 0.53% | 0.72% | 0.84% |
| Dawson | 0.48% | 0.91% | 1.96% | 2.46% | 3.14% |
| Louisburg | N/A | N/A | N/A | N/A | N/A |
| Madison | 0.29% | 0.63% | 1.34% | 1.77% | 2.65% |
| Marietta | 0.23% | 0.42% | 0.79% | 1.57% | 2.60% |
| Montevideo | 0.30% | 0.55% | 0.73% | 0.95% | 1.42% |
| Nassau | 0.75% | 0.83% | 1.11% | 1.50% | 1.74% |
| Odessa | 0.19% | 0.25% | 0.46% | 0.68% | 1.12% |
| Ortonville | 0.19% | 0.23% | 0.27% | 0.62% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Lac Qui Parle County, Minnesota
In Lac qui Parle County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Lac qui Parle Appraisal District. The assessed value, however, 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 Lac qui Parle County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For context, the median home price in the county is $124,600. Cities with the highest and lowest median tax bills are Clarkfield at $3,014 and Nassau at $284, respectively. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Lac qui Parle County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Lac Qui Parle County, Minnesota
Source: Ownwell
$26,300
$338,950
$651,600
Average Lac Qui Parle County Assessed Value
$124,600
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lac Qui Parle County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Appleton | $62,600 | $118,800 | $193,750 | $619,750 | $1,050,100 |
| Bellingham | $14,250 | $40,925 | $116,200 | $561,550 | $1,016,900 |
| Boyd | $8,420 | $27,650 | $78,700 | $274,925 | $823,800 |
| Canby | $98,640 | $142,400 | $299,300 | $711,100 | $1,029,400 |
| Clarkfield | $234,020 | $270,350 | $330,900 | $739,700 | $984,980 |
| Dawson | $30,160 | $70,650 | $124,300 | $220,900 | $481,180 |
| Louisburg | N/A | N/A | N/A | N/A | N/A |
| Madison | $23,350 | $55,150 | $108,200 | $232,525 | $825,100 |
| Marietta | $6,840 | $27,400 | $81,400 | $498,200 | $947,820 |
| Montevideo | $45,000 | $136,050 | $246,700 | $444,750 | $744,400 |
| Nassau | $4,860 | $10,200 | $26,300 | $41,400 | $71,620 |
| Odessa | $80,800 | $194,850 | $372,600 | $562,350 | $821,400 |
| Ortonville | $135,640 | $199,000 | $651,600 | $960,600 | $1,033,580 |
Source: Ownwell
Property Tax Bills Across Lac Qui Parle County, Minnesota
In Lac qui Parle County, MN, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $124,600, homeowners can expect varying tax bills depending on their property's value and location within the county. Factors such as property size, location, and improvements can influence the assessed value. In Lac qui Parle County, tax bills can range significantly. For example, the 25th percentile tax bill is $742, while the 75th percentile reaches $2,557, and the 90th percentile goes up to $4,012. The city of Clarkfield has the highest median tax bill at $3,014, whereas Nassau has the lowest at $284. This variation in tax bills means that homeowners need to be aware of how their property's assessed value and local tax rates can impact their annual financial obligations. Understanding these factors helps homeowners better manage their budgets and anticipate future tax expenses.
Average Lac Qui Parle County Tax Bill
$1,448
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Lac Qui Parle County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Appleton | $344 | $524 | $971 | $2,014 | $3,859 |
| Bellingham | $137 | $324 | $822 | $1,805 | $3,321 |
| Boyd | $232 | $604 | $1,201 | $2,248 | $3,449 |
| Canby | $636 | $1,052 | $1,824 | $3,244 | $4,246 |
| Clarkfield | $1,476 | $2,053 | $3,014 | $4,579 | $5,518 |
| Dawson | $580 | $1,166 | $2,034 | $3,256 | $4,620 |
| Louisburg | N/A | N/A | N/A | N/A | N/A |
| Madison | $373 | $794 | $1,334 | $2,220 | $3,457 |
| Marietta | $140 | $362 | $912 | $1,916 | $3,031 |
| Montevideo | $321 | $887 | $1,772 | $3,027 | $5,034 |
| Nassau | $73 | $116 | $284 | $476 | $658 |
| Odessa | $523 | $750 | $1,577 | $2,087 | $3,190 |
| Ortonville | $555 | $962 | $1,616 | $2,518 | $3,350 |
Source: Ownwell