Big Stone County Property Taxes
The median property tax rate in Big Stone County is 1.13%, which is slightly higher than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Big Stone County at $88,200, the typical annual property tax bill reaches $908, which is considerably lower than the national median of $2,690. Property taxes in Big Stone County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions, such as the primary residence and agricultural exemptions. Understanding Big Stone 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 Ortonville or another part of Big Stone County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Big Stone County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$997
Ownwell’s Big Stone County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Big Stone County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Big Stone 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 Big Stone County, Minnesota
Property taxes in Big Stone County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Big Stone County is 1.13%, which is higher than the U.S. national median of 0.99%. Local government entities within Big Stone County set these rates annually, and they can vary significantly between different areas within the county. Each year, Big Stone 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 Graceville has one of the higher property tax rates in Minnesota at 1.35%, while the city of Appleton boasts one of the lowest at 0.73%. Analyzing how Big Stone County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Big Stone County Tax Rate
1.13%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Big Stone County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Appleton | 0.59% | 0.67% | 0.73% | 0.80% | 0.82% |
| Barry | 0.83% | 0.84% | 0.87% | 0.98% | 1.09% |
| Beardsley | 0.56% | 0.63% | 0.98% | 1.29% | 1.50% |
| Browns Valley | 0.73% | 0.76% | 0.78% | 0.78% | 0.78% |
| Chokio | 0.59% | 0.66% | 0.75% | 1.26% | 1.45% |
| Clinton | 0.56% | 0.60% | 0.78% | 1.62% | 2.27% |
| Correll | 0.67% | 0.74% | 0.92% | 1.34% | 1.74% |
| Dumont | N/A | N/A | N/A | N/A | N/A |
| Graceville | 0.79% | 1.17% | 1.35% | 1.64% | 1.75% |
| Johnson | 0.77% | 0.94% | 1.02% | 1.26% | 1.43% |
| Odessa | 0.66% | 0.77% | 1.24% | 1.67% | 1.86% |
| Ortonville | 0.63% | 0.72% | 1.16% | 1.39% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Big Stone County, Minnesota
In Big Stone 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 Big Stone 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 Big Stone 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. For instance, homeowners in Browns Valley face the highest median tax bill at $1,495, while those in Barry enjoy the lowest at $280. 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 Big Stone 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 Big Stone County, Minnesota
Source: Ownwell
$32,300
$114,850
$197,400
Average Big Stone County Assessed Value
$88,200
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Big Stone County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Appleton | $40,260 | $116,825 | $147,400 | $319,125 | $393,130 |
| Barry | $1,390 | $7,650 | $32,300 | $68,400 | $93,710 |
| Beardsley | $3,220 | $12,900 | $42,300 | $90,000 | $217,260 |
| Browns Valley | $56,760 | $98,250 | $197,400 | $281,825 | $296,810 |
| Chokio | $65,800 | $110,025 | $138,550 | $160,425 | $168,100 |
| Clinton | $9,680 | $27,000 | $71,600 | $147,900 | $271,820 |
| Correll | $4,630 | $13,825 | $41,550 | $111,125 | $162,020 |
| Dumont | N/A | N/A | N/A | N/A | N/A |
| Graceville | $10,000 | $44,050 | $80,450 | $132,950 | $208,450 |
| Johnson | $1,840 | $10,625 | $34,950 | $101,900 | $162,110 |
| Odessa | $4,130 | $20,775 | $50,550 | $102,675 | $173,140 |
| Ortonville | $18,200 | $61,900 | $110,900 | $182,550 | $286,400 |
Source: Ownwell
Property Tax Bills Across Big Stone County, Minnesota
In Big Stone County, MN, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. For instance, the median home price in Big Stone County is $88,200, leading to a wide range of tax bills. Homeowners in the 25th percentile pay around $406, while those in the 75th percentile face bills of approximately $1,652. At the 90th percentile, tax bills can reach up to $2,631. The highest median tax bill in the county is found in Browns Valley at $1,495, whereas Barry has the lowest at $280. These variations highlight the impact of property value and local tax rates on homeowners' financial responsibilities. Compared to the national median property tax rate of 0.99%, Big Stone County presents a diverse tax landscape, affecting homeowners differently based on their property's assessed value.
Average Big Stone County Tax Bill
$908
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Big Stone County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Appleton | $47 | $408 | $1,109 | $2,502 | $3,148 |
| Barry | $14 | $113 | $280 | $550 | $781 |
| Beardsley | $33 | $151 | $346 | $777 | $1,580 |
| Browns Valley | $417 | $704 | $1,495 | $2,191 | $2,308 |
| Chokio | $690 | $912 | $1,041 | $1,229 | $1,992 |
| Clinton | $101 | $364 | $794 | $1,369 | $2,215 |
| Correll | $75 | $151 | $362 | $744 | $1,440 |
| Dumont | N/A | N/A | N/A | N/A | N/A |
| Graceville | $170 | $551 | $966 | $1,658 | $2,551 |
| Johnson | $23 | $134 | $293 | $760 | $1,412 |
| Odessa | $57 | $283 | $590 | $1,110 | $1,642 |
| Ortonville | $184 | $636 | $1,166 | $2,016 | $2,988 |
Source: Ownwell