Appleton, Minnesota Property Taxes
The median property tax rate in Appleton, MN is 0.73%, significantly lower than both the national median of 0.99% and the Minnesota state median of 1.11%. With a median home value of $147,400 in Appleton, the typical annual property tax bill is $1,109, which is well below the national median of $2,690. Property taxes in Appleton are calculated based on the assessed value, which typically falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Appleton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Appleton or another part of Big Stone County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Appleton, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$1,076
Ownwell’s Appleton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Appleton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Appleton 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 Appleton, Minnesota
Property taxes in Appleton, Minnesota, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Appleton is 0.73%, which is lower than the U.S. national median of 0.99%. Local government entities within Appleton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Appleton 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 Appleton's effective property tax rate to other areas in Minnesota and the national median. For comparison, the zip code 56208 has both the highest and lowest median property tax rate of 0.73%. Understanding how these cities compare with Appleton provides valuable insights into the varying tax landscape across Big Stone County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Appleton Tax Rate
0.73%
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 Appleton, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56208 | 0.59% | 0.67% | 0.73% | 0.80% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Appleton, Minnesota
In Appleton, 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 Big Stone 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 Appleton, 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. For instance, the highest median tax bill in the area is $1109 in zip code 56208. Being aware of these valuation processes in Appleton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Appleton Assessed Value
$147,400
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 Appleton, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56208 | $40,260 | $116,825 | $147,400 | $319,125 | $393,130 |
Source: Ownwell
Property Tax Bills Across Appleton, Minnesota
In Appleton, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the market value of the property. This value is then multiplied by the local tax rate to generate the annual tax bill. In Big Stone County, where Appleton is located, the median home price stands at $147,400. Factors influencing the tax bill include the property's location, size, and condition. For homeowners in Appleton, property tax bills can vary significantly. For example, the tax bill at the 25th percentile is $408, while at the 75th percentile, it rises to $2,502. The 90th percentile tax bill reaches $3,148. Compared to the national median property tax rate of 0.99%, these figures illustrate the range of tax burdens homeowners in Appleton may experience. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Appleton Tax Bill
$1,109
Average Big Stone County Tax Bill
$908
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Appleton, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56208 | $47 | $408 | $1,109 | $2,502 | $3,148 |
Source: Ownwell