Roseau, Minnesota Property Taxes
The median property tax rate in Roseau, MN is 0.98%, slightly below the national median of 0.99% and significantly lower than the Minnesota state median of 1.11%. With the median home value in Roseau at $200,350, the typical annual property tax bill is approximately $2,006, which is less than the national median of $2,690. Property taxes in Roseau are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Roseau'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 Roseau 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
Roseau, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$1,963
Ownwell’s Roseau Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roseau with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roseau 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 Roseau, Minnesota
Property taxes in Roseau, Minnesota, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roseau is 0.98%, which is slightly below the U.S. national median of 0.99%. Local government entities within Roseau set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roseau 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 Roseau's effective property tax rate to other areas and the national median. For comparison, the zip code 56751 has both the highest and lowest median property tax rate of 0.98%. Understanding how these areas compare with Roseau provides valuable insights into the varying tax landscape across Roseau County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Roseau Tax Rate
0.98%
Average Roseau County Tax Rate
0.88%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roseau, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56751 | 0.51% | 0.83% | 0.98% | 1.18% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Roseau, Minnesota
In Roseau, 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 Roseau 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. In Roseau, 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 Roseau helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 56751, with a median tax bill of $2006.00, which is higher than the national median property tax rate of 0.99%.
Average Roseau Assessed Value
$200,350
Average Roseau County Assessed Value
$181,500
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Roseau, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56751 | $39,160 | $122,100 | $200,350 | $291,150 | $386,690 |
Source: Ownwell
Property Tax Bills Across Roseau, Minnesota
In Roseau, 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 market value of the property. This value is then multiplied by the local tax rate to calculate the annual tax bill. For example, with a median home price of $200,350, homeowners can expect varying tax bills. The 25th percentile tax bill is around $1,178, while the 75th percentile reaches up to $2,930. Those in the 90th percentile see tax bills as high as $4,035. Factors such as property improvements, neighborhood developments, and changes in the local tax rate can influence these amounts. Compared to the national median property tax rate of 0.99%, homeowners in Roseau may find their tax bills to be relatively moderate. Understanding these factors helps homeowners anticipate their annual expenses and plan their finances accordingly.
Average Roseau Tax Bill
$2,006
Average Roseau County Tax Bill
$1,664
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Roseau, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56751 | $545 | $1,178 | $2,006 | $2,930 | $4,035 |
Source: Ownwell