Willernie, Minnesota Property Taxes
The median property tax rate in Willernie, MN is 1.17%, considerably higher than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Willernie, the typical annual property tax bill reaches $2,914, exceeding the national median of $2,690. Property taxes in Willernie are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Willernie'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 Willernie 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
Willernie, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$2,931
Ownwell’s Willernie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Willernie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Willernie 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 Willernie, Minnesota
Property taxes in Willernie, Minnesota, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Willernie is 1.17%, significantly higher than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Willernie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Willernie 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 Willernie's effective property tax rate to other areas in Washington County and the national median. For comparison, the zip code 55090 has the highest median property tax rate of 1.17%, while the same zip code also has the lowest median tax rate of 1.17%. Understanding how these areas compare with Willernie provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Willernie Tax Rate
1.17%
Average Washington County Tax Rate
1.12%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Willernie, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55090 | 1.12% | 1.15% | 1.17% | 1.20% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Willernie, Minnesota
In Willernie, 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 Washington 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 Willernie, 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. For instance, the highest median tax bill in the area is $2,914 in the 55090 zip code. Being aware of these valuation processes in Willernie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Willernie Assessed Value
$250,550
Average Washington County Assessed Value
$376,100
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Willernie, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55090 | $30,920 | $208,500 | $250,550 | $292,675 | $351,430 |
Source: Ownwell
Property Tax Bills Across Willernie, Minnesota
In Willernie, Washington County, 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's office, which evaluates the property's market value. For a median home price of $250,550, homeowners can expect varying tax bills. For instance, the tax bill at the 25th percentile is around $2,366, while at the 75th percentile, it rises to approximately $3,460. At the 90th percentile, homeowners might see tax bills as high as $4,265. These tax bills are influenced by factors such as property improvements, neighborhood developments, and changes in the local tax rate. With the national median property tax rate at 0.99%, homeowners in Willernie might find their tax bills slightly higher or lower depending on these variables. Understanding these factors can help homeowners anticipate their annual property tax obligations and manage their finances more effectively.
Average Willernie Tax Bill
$2,914
Average Washington County Tax Bill
$4,148
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Willernie, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55090 | $372 | $2,366 | $2,914 | $3,460 | $4,265 |
Source: Ownwell