Wright County Property Taxes
The median property tax rate in Wright County is 1.04%, which is slightly higher than the national median of 0.99% but lower than the Minnesota state median of 1.11%. With a median home value of $352,100, the typical annual property tax bill in Wright County amounts to $3,554, which is above the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often less than the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Wright County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Buffalo or another part of Wright County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wright County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$3,662
Ownwell’s Wright County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Wright County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Wright 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 Wright County, Minnesota
Property taxes in Wright County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Wright County is 1.04%, which is higher than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Wright County set these rates annually, and they can vary significantly between different areas within the county. Each year, Wright 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. The following data compares Wright County's effective property tax rate with other counties in Minnesota and the national median. For comparison, the city of Dayton has one of the higher property tax rates in Minnesota at 1.13%, while the city of Silver Lake boasts one of the lowest at 0.48%. Analyzing how Wright County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Wright County Tax Rate
1.04%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wright County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albertville | 0.98% | 1.05% | 1.12% | 1.17% | 1.20% |
| Annandale | 0.57% | 0.67% | 0.74% | 0.95% | 1.02% |
| Buffalo | 0.77% | 0.89% | 1.11% | 1.16% | 1.21% |
| Clearwater | 0.62% | 0.72% | 0.93% | 1.10% | 1.17% |
| Cokato | 0.58% | 0.84% | 0.94% | 1.24% | 1.29% |
| Dassel | 0.27% | 0.27% | 0.27% | 0.27% | 0.27% |
| Dayton | 1.02% | 1.05% | 1.13% | 1.16% | 1.22% |
| Delano | 0.65% | 0.94% | 1.11% | 1.15% | 1.18% |
| Elk River | 0.91% | 1.02% | 1.05% | 1.07% | 1.11% |
| Hanover | 0.52% | 1.01% | 1.05% | 1.09% | 1.16% |
| Howard Lake | 0.49% | 0.81% | 0.92% | 1.18% | 1.24% |
| Maple Lake | 0.62% | 0.75% | 0.83% | 1.11% | 1.22% |
| Monticello | 0.73% | 0.82% | 0.91% | 0.96% | 1.01% |
| Montrose | 0.84% | 0.95% | 1.09% | 1.12% | 1.17% |
| Otsego | N/A | N/A | N/A | N/A | N/A |
| Rockford | 0.96% | 1.07% | 1.10% | 1.14% | 1.18% |
| Rogers | 0.48% | 1.02% | 1.05% | 1.06% | 1.08% |
| Saint Michael | 0.94% | 1.04% | 1.06% | 1.09% | 1.13% |
| Silver Lake | 0.45% | 0.47% | 0.48% | 0.57% | 0.72% |
| South Haven | 0.54% | 0.62% | 0.68% | 0.76% | 0.94% |
| Watertown | 0.51% | 0.77% | 0.90% | 0.94% | 0.97% |
| Waverly | 0.56% | 0.89% | 1.07% | 1.13% | 1.21% |
| Winsted | 0.41% | 0.56% | 0.87% | 0.91% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Wright County, Minnesota
In Wright County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. 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 Wright 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 Wright 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. For example, the highest median tax bill in the county is in Dayton at $5,255, while Silver Lake has the lowest at $2,287. Being aware of these valuation processes in Wright County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Wright County, Minnesota
Source: Ownwell
$71,500
$728,600
$1,385,700
Average Wright County Assessed Value
$352,100
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wright County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albertville | $246,100 | $298,000 | $352,550 | $421,500 | $497,250 |
| Annandale | $145,480 | $250,200 | $362,300 | $560,500 | $821,240 |
| Buffalo | $218,900 | $274,600 | $343,300 | $451,200 | $646,900 |
| Clearwater | $189,850 | $243,375 | $299,650 | $406,925 | $569,950 |
| Cokato | $131,310 | $198,650 | $271,300 | $390,575 | $589,090 |
| Dassel | $1,385,700 | $1,385,700 | $1,385,700 | $1,385,700 | $1,385,700 |
| Dayton | $297,450 | $366,550 | $457,000 | $570,300 | $648,520 |
| Delano | $246,950 | $317,950 | $406,100 | $512,675 | $744,950 |
| Elk River | $200,900 | $294,200 | $398,100 | $483,200 | $555,980 |
| Hanover | $334,960 | $372,200 | $414,600 | $475,950 | $553,340 |
| Howard Lake | $169,000 | $228,850 | $309,700 | $422,850 | $623,100 |
| Maple Lake | $195,600 | $244,600 | $336,200 | $525,400 | $734,100 |
| Monticello | $220,600 | $272,100 | $326,800 | $405,900 | $542,500 |
| Montrose | $48,680 | $239,600 | $298,100 | $340,800 | $464,540 |
| Otsego | N/A | N/A | N/A | N/A | N/A |
| Rockford | $31,740 | $85,925 | $311,600 | $367,275 | $465,810 |
| Rogers | $306,220 | $425,800 | $491,800 | $538,100 | $572,840 |
| Saint Michael | $254,700 | $321,900 | $396,950 | $487,175 | $591,400 |
| Silver Lake | $269,680 | $378,400 | $502,650 | $702,000 | $945,900 |
| South Haven | $144,080 | $253,050 | $405,600 | $609,900 | $878,560 |
| Watertown | $354,280 | $441,825 | $571,050 | $728,600 | $985,630 |
| Waverly | $213,360 | $279,825 | $330,900 | $418,200 | $623,940 |
| Winsted | $317,150 | $359,875 | $511,050 | $742,675 | $1,006,250 |
Source: Ownwell
Property Tax Bills Across Wright County, Minnesota
In Wright County, MN, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to arrive at the annual tax bill. Several factors influence this assessment, including the property's market value, location, and any applicable exemptions. For instance, Wright County's median home price stands at $352,100, and tax bills can vary significantly. Homeowners in the 25th percentile face tax bills around $2,734, while those in the 75th percentile see bills near $4,566, and the 90th percentile can reach up to $5,642. These variations can impact homeowners' finances, making it crucial to understand how property taxes are calculated. Compared to the national median property tax rate of 0.99%, the rates in Wright County reflect the region's specific economic conditions and market values, influencing the overall tax burden on residents.
Average Wright County Tax Bill
$3,554
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Wright County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albertville | $2,554 | $3,168 | $3,856 | $4,690 | $5,553 |
| Annandale | $1,592 | $2,166 | $2,929 | $3,972 | $5,910 |
| Buffalo | $2,384 | $2,974 | $3,622 | $4,574 | $5,732 |
| Clearwater | $1,563 | $2,268 | $2,903 | $3,594 | $4,518 |
| Cokato | $1,791 | $2,309 | $2,892 | $3,642 | $4,580 |
| Dassel | $3,710 | $3,710 | $3,710 | $3,710 | $3,710 |
| Dayton | $2,971 | $3,774 | $5,255 | $6,254 | $7,030 |
| Delano | $2,424 | $3,194 | $4,232 | $5,364 | $6,544 |
| Elk River | $1,985 | $2,950 | $4,112 | $5,035 | $5,741 |
| Hanover | $2,112 | $3,694 | $4,352 | $5,052 | $6,124 |
| Howard Lake | $1,713 | $2,324 | $3,037 | $3,931 | $4,802 |
| Maple Lake | $1,816 | $2,412 | $3,126 | $4,014 | $5,261 |
| Monticello | $2,118 | $2,522 | $2,996 | $3,635 | $4,583 |
| Montrose | $2,183 | $2,788 | $3,340 | $3,718 | $4,313 |
| Otsego | N/A | N/A | N/A | N/A | N/A |
| Rockford | $2,459 | $3,224 | $3,640 | $4,278 | $5,245 |
| Rogers | $1,591 | $3,660 | $4,900 | $5,503 | $5,944 |
| Saint Michael | $2,450 | $3,274 | $4,072 | $5,078 | $6,165 |
| Silver Lake | $1,770 | $2,006 | $2,287 | $3,162 | $4,469 |
| South Haven | $1,350 | $1,884 | $2,768 | $4,158 | $6,476 |
| Watertown | $3,005 | $3,844 | $4,704 | $5,609 | $6,724 |
| Waverly | $2,122 | $2,790 | $3,359 | $3,922 | $5,250 |
| Winsted | $2,569 | $3,027 | $3,605 | $4,858 | $5,704 |
Source: Ownwell