Grygla, Minnesota Property Taxes
The median property tax rate in Grygla, MN, is 0.92%, which is notably lower than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Grygla at $83,100, the typical annual property tax bill comes to $696, significantly below the national median of $2,690. Property taxes in Grygla are calculated based on the tax assessed value, which is often less than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Grygla's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Grygla or another part of Marshall County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Grygla, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$765
Ownwell’s Grygla Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grygla with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grygla 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 Grygla, Minnesota
Property taxes in Grygla, Minnesota, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grygla is 0.92%, which is slightly below the U.S. national median of 0.99%. Local government entities within Grygla set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grygla 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 Grygla's effective property tax rate to other areas in Minnesota and the national median. For comparison, the zip code 56727 has both the highest and lowest median property tax rate of 0.92%. Understanding how these areas compare with Grygla provides valuable insights into the varying tax landscape across Marshall County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grygla Tax Rate
0.92%
Average Marshall County Tax Rate
0.87%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grygla, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56727 | 0.42% | 0.58% | 0.92% | 1.34% | 1.86% |
Source: Ownwell
Property Tax Assessment Values Across Grygla, Minnesota
In Grygla, 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 Marshall County Assessor's Office 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 Grygla, 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 Grygla helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 56727 has the median tax bill at $696, reflecting the highest and lowest median tax bills in the area.
Average Grygla Assessed Value
$83,100
Average Marshall County Assessed Value
$114,600
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grygla, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56727 | $4,300 | $21,800 | $83,100 | $137,800 | $175,220 |
Source: Ownwell
Property Tax Bills Across Grygla, Minnesota
In Grygla, located in Marshall County, MN, property tax bills are determined by assessing the market value of each property. The median home price in Grygla is $83,100. Property taxes are calculated by applying the local tax rate to the assessed value of the property. Several factors influence the final tax bill, including property type, location, and any applicable exemptions or deductions. For homeowners, the property tax bill can vary significantly. The tax bill at the 25th percentile is $192, while it rises to $1,278 at the 75th percentile and reaches $1,832 at the 90th percentile. The highest and lowest median tax bills in Grygla are both $696, which is below the national median property tax rate of 0.99%. These variations impact homeowners' financial planning and budgeting, making it crucial for them to understand how their property taxes are assessed and what factors contribute to their final tax bill.
Average Grygla Tax Bill
$696
Average Marshall County Tax Bill
$868
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Grygla, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56727 | $74 | $192 | $696 | $1,278 | $1,832 |
Source: Ownwell