Villard, Minnesota Property Taxes
The median property tax rate in Villard, MN is 0.57%, significantly lower than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Villard at $494,100, the typical annual property tax bill is $3,121, surpassing the national median of $2,690. Property taxes in Villard are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Villard'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 Villard or another part of Stearns County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Villard, Minnesota 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 Villard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Villard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Villard 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 Villard, Minnesota
Property taxes in Villard, Minnesota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Villard is 0.57%, lower than both the Minnesota state median of 1.05% and the U.S. national median of 0.99%. Local government entities within Villard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Villard 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 Villard's effective property tax rate to other counties in Minnesota and the national median. For comparison, the 56385 zip code has the highest median property tax rate of 0.57%, while the same zip code also has the lowest median tax rate of 0.57%. Understanding how these cities compare with Villard 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 Villard Tax Rate
0.57%
Average Stearns County Tax Rate
1.08%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Villard, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56385 | 0.21% | 0.29% | 0.57% | 0.85% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Villard, Minnesota
In Villard, 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 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. Assessment notices in Villard 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. The zip code 56385 has the highest median tax bill at $3,121, while the lowest is also $3,121. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Villard Assessed Value
$494,100
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 Villard, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56385 | $150,370 | $192,625 | $494,100 | $1,128,775 | $1,294,180 |
Source: Ownwell
Property Tax Bills Across Villard, Minnesota
In Villard, located in Stearns County, MN, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $494,100, homeowners can expect their tax bills to vary significantly. At the 25th percentile, the tax bill is around $1,192, while at the 75th percentile, it rises to $3,988. For those in the 90th percentile, the tax bill can reach up to $4,871. These property taxes fund essential community services such as schools, emergency services, and infrastructure maintenance. Compared to the national median property tax rate of 0.99%, Villard's rates can vary but generally align with regional norms. Understanding these factors helps homeowners budget effectively and anticipate their financial obligations.
Average Villard Tax Bill
$3,121
Average Stearns County Tax Bill
$2,818
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Villard, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56385 | $547 | $1,192 | $3,121 | $3,988 | $4,871 |
Source: Ownwell