Meeker County Property Taxes
The median property tax rate in Meeker County is 0.88%, which is lower than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Meeker County at $230,100, the typical annual property tax bill amounts to $2,075, which is below the national median of $2,690. Property taxes in Meeker County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions such as the primary residence and agricultural exemptions. Understanding Meeker 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 Litchfield or another part of Meeker County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Meeker County 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 Meeker County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Meeker County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Meeker County 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 Meeker County, Minnesota
Property taxes in Meeker County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Meeker County is 0.88%, which is lower than the Minnesota state median of 1.02% but still below the U.S. national median of 0.99%. Local government entities within Meeker County set these rates annually, and they can vary significantly between different areas within the county. Each year, Meeker County 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 Cosmos has one of the higher property tax rates in Minnesota at 1.31%, while the city of Atwater boasts one of the lowest at 0.66%. Analyzing how Meeker County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Meeker County Tax Rate
0.88%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Meeker County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Atwater | 0.48% | 0.59% | 0.66% | 0.69% | 0.71% |
| Cokato | 0.69% | 0.75% | 0.79% | 0.83% | 0.88% |
| Cosmos | 0.55% | 0.68% | 1.31% | 1.74% | 2.39% |
| Darwin | 0.60% | 0.70% | 0.78% | 0.89% | 0.96% |
| Dassel | 0.63% | 0.76% | 0.85% | 1.01% | 1.22% |
| Eden Valley | 0.63% | 0.77% | 0.96% | 1.15% | 1.26% |
| Grove City | 0.53% | 0.65% | 0.75% | 1.14% | 1.36% |
| Hector | 0.34% | 0.34% | 0.34% | 0.34% | 0.34% |
| Hutchinson | 0.57% | 0.63% | 0.70% | 0.75% | 1.18% |
| Kimball | 0.67% | 0.75% | 0.81% | 0.84% | 0.87% |
| Litchfield | 0.67% | 0.80% | 1.00% | 1.14% | 1.24% |
| Paynesville | 0.59% | 0.70% | 0.76% | 0.79% | 0.84% |
| South Haven | 0.69% | 0.76% | 0.79% | 0.86% | 0.90% |
| Watkins | 0.68% | 0.82% | 0.91% | 1.09% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Meeker County, Minnesota
In Meeker 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 Meeker County 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 Meeker 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. 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 Meeker County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Property tax bills vary widely across the county, with Cokato having the highest median tax bill at $2,842 and Hector the lowest at $540.
Property Tax Assessment Values Across Meeker County, Minnesota
Source: Ownwell
$127,900
$256,700
$385,500
Average Meeker County Assessed Value
$230,100
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Meeker County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Atwater | $154,400 | $202,200 | $262,400 | $307,800 | $439,300 |
| Cokato | $240,690 | $288,975 | $358,350 | $423,575 | $464,390 |
| Cosmos | $40,780 | $93,700 | $127,900 | $185,500 | $298,640 |
| Darwin | $83,800 | $189,225 | $323,600 | $463,325 | $635,680 |
| Dassel | $109,130 | $174,025 | $277,350 | $396,025 | $512,780 |
| Eden Valley | $91,090 | $129,750 | $175,450 | $257,800 | $364,570 |
| Grove City | $61,460 | $118,700 | $177,100 | $258,500 | $364,920 |
| Hector | $158,000 | $158,000 | $158,000 | $158,000 | $158,000 |
| Hutchinson | $91,500 | $165,600 | $260,400 | $418,000 | $603,000 |
| Kimball | $141,300 | $212,375 | $280,300 | $386,975 | $484,250 |
| Litchfield | $83,460 | $138,450 | $205,100 | $298,450 | $431,040 |
| Paynesville | $155,160 | $240,050 | $385,500 | $570,950 | $701,880 |
| South Haven | $143,300 | $237,400 | $322,100 | $472,100 | $653,000 |
| Watkins | $102,300 | $166,175 | $243,800 | $347,125 | $460,010 |
Source: Ownwell
Property Tax Bills Across Meeker County, Minnesota
In Meeker County, MN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the county's tax rate to determine the tax bill. Several factors influence the assessed value, including the home's size, age, location, and any improvements or renovations made. The median home price in Meeker County is $230,100, with property tax bills ranging from $1,290 at the 25th percentile to $4,357 at the 90th percentile. Homeowners in Meeker County experience a range in tax bills, with the highest median tax bill recorded in Cokato at $2,842 and the lowest in Hector at $540. Comparatively, the national median property tax rate is 0.99%, making Meeker County's rates relatively moderate. These property taxes fund essential local services such as schools, emergency services, and infrastructure, directly impacting the quality of life in the community.
Average Meeker County Tax Bill
$2,075
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Meeker County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Atwater | $930 | $1,306 | $1,796 | $2,162 | $3,032 |
| Cokato | $1,707 | $2,236 | $2,842 | $3,496 | $4,112 |
| Cosmos | $523 | $1,020 | $1,611 | $2,423 | $3,269 |
| Darwin | $615 | $1,324 | $2,446 | $3,752 | $5,104 |
| Dassel | $735 | $1,488 | $2,506 | $3,522 | $4,610 |
| Eden Valley | $735 | $1,097 | $1,706 | $2,673 | $3,498 |
| Grove City | $508 | $1,012 | $1,570 | $2,165 | $2,897 |
| Hector | $540 | $540 | $540 | $540 | $540 |
| Hutchinson | $667 | $1,235 | $1,876 | $2,928 | $4,328 |
| Kimball | $1,073 | $1,616 | $2,242 | $3,195 | $4,003 |
| Litchfield | $687 | $1,271 | $1,976 | $2,902 | $4,183 |
| Paynesville | $906 | $1,690 | $2,834 | $4,420 | $5,621 |
| South Haven | $840 | $1,760 | $2,572 | $3,770 | $5,464 |
| Watkins | $812 | $1,451 | $2,197 | $3,223 | $4,250 |
Source: Ownwell