Watonwan County Property Taxes
The median property tax rate in Watonwan County is 1.02%, which is slightly higher than the national median of 0.99% but lower than the Minnesota state median of 1.11%. With the median home value in Watonwan County, the typical annual property tax bill is $1,480, considerably below the national median of $2,690. Property taxes in Watonwan County are calculated based on the tax assessed value, which is usually lower than the actual market value due to various property tax exemptions such as primary residence and agricultural exemptions. Understanding Watonwan County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to significant annual savings. Whether you live in St. James or another part of Watonwan County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Watonwan County 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 Watonwan County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Watonwan County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Watonwan County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Watonwan County, Minnesota
Property taxes in Watonwan County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Watonwan County is 1.02%, which is higher than the U.S. national median of 0.99%. Local government entities within Watonwan County set these rates annually, and they can vary significantly between different areas within the county. Each year, Watonwan County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Darfur has one of the higher property tax rates in the region at 1.99%, while the city of Truman boasts one of the lowest at 0.60%. Analyzing how Watonwan County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Watonwan County Tax Rate
1.02%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Watonwan County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Butterfield | 0.25% | 0.43% | 0.91% | 1.23% | 1.53% |
| Comfrey | 0.17% | 0.22% | 0.27% | 0.54% | 0.72% |
| Darfur | 1.77% | 1.83% | 1.99% | 3.05% | 4.99% |
| Hanska | 0.41% | 0.60% | 0.69% | 0.79% | 0.86% |
| La Salle | 0.93% | 0.99% | 1.06% | 1.52% | 1.75% |
| Lewisville | 0.32% | 0.55% | 1.05% | 1.29% | 1.64% |
| Madelia | 0.45% | 0.77% | 1.12% | 1.30% | 1.48% |
| Mountain Lake | 0.37% | 0.52% | 0.71% | 0.93% | 1.13% |
| Odin | 0.38% | 0.87% | 1.16% | 1.37% | 1.83% |
| Ormsby | 0.48% | 0.79% | 0.87% | 1.05% | 1.25% |
| Saint James | 0.44% | 0.74% | 1.00% | 1.30% | 1.47% |
| Truman | 0.26% | 0.43% | 0.60% | 0.80% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Watonwan County, Minnesota
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Watonwan County, Minnesota. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Watonwan County Appraisal District. The assessed value, however, 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 Watonwan County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Watonwan County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Watonwan County, the highest median tax bill is $3,434 in Mountain Lake, while the lowest is $782 in Darfur.
Property Tax Assessment Values Across Watonwan County, Minnesota
Source: Ownwell
$35,100
$277,700
$520,300
Average Watonwan County Assessed Value
$150,750
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Watonwan County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Butterfield | $40,420 | $81,125 | $177,250 | $396,800 | $1,186,910 |
| Comfrey | $138,400 | $178,550 | $520,300 | $1,789,800 | $2,390,040 |
| Darfur | $3,200 | $11,650 | $35,100 | $51,400 | $69,900 |
| Hanska | $130,750 | $204,950 | $409,200 | $489,175 | $760,100 |
| La Salle | $15,630 | $57,575 | $71,050 | $91,000 | $113,350 |
| Lewisville | $24,820 | $72,125 | $133,550 | $307,075 | $876,920 |
| Madelia | $47,950 | $107,325 | $171,250 | $262,025 | $435,050 |
| Mountain Lake | $319,400 | $373,850 | $499,050 | $602,075 | $616,610 |
| Odin | $11,160 | $35,950 | $74,200 | $131,400 | $279,860 |
| Ormsby | $31,420 | $61,500 | $115,300 | $203,700 | $1,094,200 |
| Saint James | $47,750 | $84,550 | $145,750 | $251,325 | $469,900 |
| Truman | $126,300 | $196,000 | $303,800 | $547,800 | $1,270,800 |
Source: Ownwell
Property Tax Bills Across Watonwan County, Minnesota
In Watonwan County, MN, property tax bills are determined based on the assessed value of a home and the local tax rate. The median home price in the county is $150,750. Homeowners pay a tax bill that can vary widely, with the 25th percentile at $814 and the 75th percentile reaching $2,548. For those in the 90th percentile, the tax bill can be as high as $3,879. The local tax rate and assessed home value are key factors in calculating these bills. For comparison, the national median property tax rate is 0.99%. In Watonwan County, the highest median tax bill is found in Mountain Lake at $3,434, while Darfur has the lowest median tax bill at $782. These variations affect homeowners differently, with higher assessed values and local tax rates leading to higher tax bills. Understanding these factors is crucial for homeowners to anticipate their annual property tax obligations.
Average Watonwan County Tax Bill
$1,480
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Watonwan County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Butterfield | $392 | $772 | $1,496 | $2,792 | $4,126 |
| Comfrey | $553 | $1,162 | $2,724 | $5,049 | $6,332 |
| Darfur | $155 | $486 | $782 | $1,122 | $1,516 |
| Hanska | $906 | $1,317 | $2,710 | $3,191 | $3,540 |
| La Salle | $233 | $580 | $846 | $1,033 | $1,427 |
| Lewisville | $324 | $774 | $1,326 | $2,142 | $3,830 |
| Madelia | $383 | $1,014 | $1,783 | $2,684 | $3,742 |
| Mountain Lake | $2,201 | $2,914 | $3,434 | $3,564 | $3,576 |
| Odin | $72 | $411 | $822 | $1,219 | $2,406 |
| Ormsby | $282 | $584 | $1,046 | $1,980 | $3,397 |
| Saint James | $488 | $816 | $1,460 | $2,500 | $3,907 |
| Truman | $658 | $1,326 | $2,102 | $3,058 | $3,994 |
Source: Ownwell