Bertha, Minnesota Property Taxes
The median property tax rate in Bertha, MN is 0.93%, 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 Bertha at $154,900, the typical annual property tax bill amounts to $1,232, well below the national median of $2,690. Property taxes in Bertha are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Bertha'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 Bertha or another part of Todd County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bertha, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$1,441
Ownwell’s Bertha Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bertha with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bertha 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 Bertha, Minnesota
Property taxes in Bertha, Minnesota, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bertha is 0.93%, which is lower than the U.S. national median of 0.99%. Local government entities within Bertha set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bertha 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 Bertha's effective property tax rate to other counties in Minnesota and the national median. For comparison, the 56437 zip code has both the highest and lowest median property tax rate of 0.93%, reflecting uniformity within this area. Understanding how these cities compare with Bertha provides valuable insights into the varying tax landscape across Todd County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bertha Tax Rate
0.93%
Average Todd County Tax Rate
0.88%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bertha, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56437 | 0.35% | 0.53% | 0.93% | 1.32% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Bertha, Minnesota
In Bertha, 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 Todd 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 Bertha, 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. For example, the median home price in Bertha is $154,900, with tax bills ranging from $822 at the 25th percentile to $2,552 at the 90th percentile. The zip code 56437 has both the highest and lowest median tax bill at $1,232. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bertha Assessed Value
$154,900
Average Todd County Assessed Value
$198,400
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bertha, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56437 | $30,780 | $84,800 | $154,900 | $275,900 | $422,400 |
Source: Ownwell
Property Tax Bills Across Bertha, Minnesota
Property tax bills in Bertha, located in Todd County, MN, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value. In Bertha, the median home price is $154,900. Homeowners then pay a tax rate applied to this assessed value to determine their annual tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For instance, the tax bill for homes in the 25th percentile is around $822, while those in the 75th percentile can expect to pay approximately $1,844. The top 10% of properties face tax bills nearing $2,552. These property taxes fund essential local services such as schools, public safety, and infrastructure. Homeowners in Bertha benefit from these services, but they also need to budget for these taxes, which can significantly impact their annual expenses. Despite the variance, the median tax bill in Bertha aligns closely with the national median property tax rate of 0.99%.
Average Bertha Tax Bill
$1,232
Average Todd County Tax Bill
$1,544
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Bertha, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56437 | $495 | $822 | $1,232 | $1,844 | $2,552 |
Source: Ownwell