La Salle, Minnesota Property Taxes
The median property tax rate in La Salle, MN is 1.06%, 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 La Salle at $71,050, the typical annual property tax bill amounts to $846, which is significantly below the national median of $2,690. Property taxes in La Salle are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding La Salle'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 La Salle 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
La Salle, 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 La Salle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in La Salle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in La Salle 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 La Salle, Minnesota
Property taxes in La Salle, Minnesota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in La Salle is 1.06%, higher than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within La Salle set these rates annually, and they can vary significantly across different neighborhoods. Each year, La Salle 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 La Salle's effective property tax rate to other counties in Minnesota and the national median. For comparison, the 56056 zip code has the highest median property tax rate of 1.06%, while the same zip code also has the lowest median tax rate of 1.06%. Understanding how these cities compare with La Salle provides valuable insights into the varying tax landscape across Watonwan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average La Salle Tax Rate
1.06%
Average Watonwan County Tax Rate
1.02%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across La Salle, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56056 | 0.93% | 0.99% | 1.06% | 1.52% | 1.75% |
Source: Ownwell
Property Tax Assessment Values Across La Salle, Minnesota
In LA SALLE, 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 Watonwan 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 LA SALLE, 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 LA SALLE is $71,050, with tax bills ranging from $580 at the 25th percentile to $1,033 at the 75th percentile. The highest median tax bill is found in the 56056 zip code, amounting to $846. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average La Salle Assessed Value
$71,050
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 La Salle, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56056 | $15,630 | $57,575 | $71,050 | $91,000 | $113,350 |
Source: Ownwell
Property Tax Bills Across La Salle, Minnesota
Property tax bills in La Salle, Watonwan 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 and reflects the market value of the property. The local tax rate is applied to this assessed value to determine the annual tax bill. In La Salle, the median home price is $71,050. Homeowners in the 25th percentile typically see tax bills around $580, while those in the 75th percentile face bills closer to $1,033. For those in the 90th percentile, tax bills can reach up to $1,427. The highest and lowest median tax bills in the area are both $846, indicating a relatively consistent tax rate across different properties. These property taxes fund essential local services such as schools, public safety, and infrastructure. For homeowners, understanding how these factors influence their tax bills can help in budgeting and financial planning.
Average La Salle Tax Bill
$846
Average Watonwan County Tax Bill
$1,480
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across La Salle, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56056 | $233 | $580 | $846 | $1,033 | $1,427 |
Source: Ownwell