Johnson, Minnesota Property Taxes
The median property tax rate in Johnson, MN is 1.02%, slightly higher than the national median of 0.99% but lower than the Minnesota state median of 1.11%. With a median home value in Johnson at $34,950, the typical annual property tax bill is $293, significantly below the national median of $2,690. Property taxes in Johnson are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Johnson'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 Johnson 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
Johnson, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$356
Ownwell’s Johnson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Johnson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Johnson 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 Johnson, Minnesota
Property taxes in Johnson, Minnesota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Johnson is 1.02%, higher than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Johnson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Johnson 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 Johnson's effective property tax rate to other counties in Minnesota and the national median. For comparison, the 56236 zip code has the highest median property tax rate of 1.02%, while the same zip code also has the lowest median tax rate of 1.02%. Understanding how these cities compare with Johnson 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 Johnson Tax Rate
1.02%
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 Johnson, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56236 | 0.77% | 0.94% | 1.02% | 1.26% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Johnson, Minnesota
In Johnson, 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 Assessor's Office 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 Johnson, 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 Johnson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 56236 has the highest and lowest median tax bill at $293.
Average Johnson Assessed Value
$34,950
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 Johnson, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56236 | $1,840 | $10,625 | $34,950 | $101,900 | $162,110 |
Source: Ownwell
Property Tax Bills Across Johnson, Minnesota
In Johnson, located in Big Stone County, MN, property tax bills are calculated based on the assessed value of a home, which is influenced by its market value. The county assessor determines this value, and the local tax rate is then applied. For Johnson, the median home price is $34,950, which provides a basis for the tax calculation. The property tax rate in the area is compared to the national median property tax rate of 0.99%. Several factors contribute to the final tax bill, including local levies, school district funding, and county services. Homeowners in Johnson experience varying tax bills; the 25th percentile tax bill is $134, while the 75th percentile reaches $760. For those at the 90th percentile, the tax bill can be as high as $1,412. These variations show how different factors and property values impact what homeowners owe annually. Understanding these elements helps homeowners anticipate their financial obligations and manage their budgets effectively.
Average Johnson Tax Bill
$293
Average Big Stone County Tax Bill
$908
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Johnson, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56236 | $23 | $134 | $293 | $760 | $1,412 |
Source: Ownwell