Avon, Minnesota Property Taxes
The median property tax rate in Avon, MN is 0.94%, slightly below both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Avon at $334,400, the typical annual property tax bill reaches $3,208, surpassing the national median of $2,690. Property taxes in Avon are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Avon'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 Avon 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
Avon, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$3,143
Ownwell’s Avon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Avon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Avon 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 Stearns County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Avon, Minnesota
Property taxes in Avon, Minnesota, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Avon is 0.94%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Avon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Avon 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 Avon's effective property tax rate to other counties in Minnesota and the national median. For comparison, the zip code 56310 has both the highest and lowest median property tax rate of 0.94%. Understanding how these cities compare with Avon provides valuable insights into the varying tax landscape across Stearns County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Avon Tax Rate
0.94%
Average Stearns County Tax Rate
1.08%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Avon, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56310 | 0.49% | 0.86% | 0.94% | 1.17% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Avon, Minnesota
In Avon, 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 Stearns 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 Avon, 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 Avon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Avon are both $3208 in the 56310 zip code, which provides a unique perspective on property tax consistency in the area.
Average Avon Assessed Value
$334,400
Average Stearns County Assessed Value
$269,100
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Avon, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56310 | $169,550 | $247,675 | $334,400 | $459,400 | $630,600 |
Source: Ownwell
Property Tax Bills Across Avon, Minnesota
In Avon, located in Stearns County, MN, property tax bills are calculated based on the assessed value of the home and the local tax rate. The median home price in Avon is $334,400. To determine the tax bill, the assessed value is multiplied by the local tax rate, which is influenced by county, city, and school district levies. Homeowners in Avon can expect a wide range of tax bills. At the 25th percentile, the tax bill is approximately $2,278, while at the 75th percentile, it rises to around $4,267. For those in the 90th percentile, the tax bill can reach $5,516. The highest median tax bill in Avon is $3,208, with the lowest being the same, indicating a uniform rate across the area. These property taxes fund essential local services such as schools, public safety, and infrastructure maintenance. Compared to the national median property tax rate of 0.99%, Avon's rates can significantly impact homeowners, influencing their overall cost of living and financial planning.
Average Avon Tax Bill
$3,208
Average Stearns County Tax Bill
$2,818
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Avon, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56310 | $1,466 | $2,278 | $3,208 | $4,267 | $5,516 |
Source: Ownwell