Dawson, Minnesota Property Taxes
The median property tax rate in Dawson, MN is 1.96%, considerably higher than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Dawson, the typical annual property tax bill reaches $2,034, exceeding the national median of $2,690. Property taxes in Dawson 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 Dawson'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 Dawson 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
Dawson, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.96%
Estimate Property Tax Bill
$2,436
Ownwell’s Dawson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dawson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dawson 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 Dawson, Minnesota
Property taxes in Dawson, Minnesota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dawson is 1.96%, significantly higher than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Dawson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dawson 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 Dawson's effective property tax rate to other counties in Minnesota and the national median. For comparison, the 56232 zip code has the highest median property tax rate of 1.96%, while the 56232 zip code also has the lowest median tax rate of 1.96%. Understanding how these cities compare with Dawson provides valuable insights into the varying tax landscape across Lac qui Parle County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dawson Tax Rate
1.96%
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 Dawson, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56232 | 0.48% | 0.91% | 1.96% | 2.46% | 3.14% |
Source: Ownwell
Property Tax Assessment Values Across Dawson, Minnesota
In Dawson, 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 Lac qui Parle County Assessor 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 Dawson, 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 Dawson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Dawson are both $2,034 in the 56232 zip code.
Average Dawson Assessed Value
$124,300
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 Dawson, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56232 | $30,160 | $70,650 | $124,300 | $220,900 | $481,180 |
Source: Ownwell
Property Tax Bills Across Dawson, Minnesota
In Dawson, located in Lac qui Parle 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, who evaluates the property's market value. Once the market value is established, it is multiplied by the local tax rate to determine the annual tax bill. For instance, the median home price in Dawson is $124,300. Homeowners in this area can expect a tax bill ranging from $1,166 at the 25th percentile to $4,620 at the 90th percentile. The highest and lowest median tax bills in the area are both $2,034, indicating a consistent tax rate across different properties. Homeowners are directly affected by these tax bills as they contribute to local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Dawson's rates can be seen as relatively moderate, providing essential services while maintaining affordability.
Average Dawson Tax Bill
$2,034
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 Dawson, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56232 | $580 | $1,166 | $2,034 | $3,256 | $4,620 |
Source: Ownwell