Hines, Minnesota Property Taxes
The median property tax rate in Hines, MN is 0.82%, which is notably lower than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Hines at $162,750, the typical annual property tax bill amounts to $1,128, falling below the national median of $2,690. Property taxes in Hines are calculated based on the tax assessed value, which often comes in lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Hines'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 Hines or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hines, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$1,335
Ownwell’s Hines Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hines with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hines 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 Hines, Minnesota
Property taxes in Hines, Minnesota, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hines is 0.82%, which is lower than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Hines set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hines 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 Hines' effective property tax rate to other counties in Minnesota and the national median. For comparison, the zip code 56647 has both the highest and lowest median property tax rate of 0.82%. Understanding how these areas compare with Hines provides valuable insights into the varying tax landscape across Beltrami County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hines Tax Rate
0.82%
Average Beltrami County Tax Rate
0.85%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hines, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56647 | 0.48% | 0.69% | 0.82% | 0.92% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Hines, Minnesota
In Hines, 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 Beltrami 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 Hines, 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. Being aware of these valuation processes in Hines helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 56647 has the highest and lowest median tax bill at $1,128, reflecting a significant range in property tax responsibilities within the area.
Average Hines Assessed Value
$162,750
Average Beltrami County Assessed Value
$190,300
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hines, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56647 | $27,500 | $66,425 | $162,750 | $275,550 | $423,740 |
Source: Ownwell
Property Tax Bills Across Hines, Minnesota
In Hines, property tax bills 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 market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the property's size, location, and condition. In Beltrami County, where Hines is located, the median home price stands at $162,750. Homeowners in this region can expect a wide range of tax bills, from the 25th percentile at $572 to the 75th percentile at $2,146, and up to the 90th percentile at $3,148. Compared to the national median property tax rate of 0.99%, the tax bills in Hines reflect the local economic conditions and property values. These taxes fund essential community services such as schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners.
Average Hines Tax Bill
$1,128
Average Beltrami County Tax Bill
$1,559
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Hines, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56647 | $242 | $572 | $1,128 | $2,146 | $3,148 |
Source: Ownwell