Longville, Minnesota Property Taxes
The median property tax rate in Longville, MN is 0.51%, considerably lower than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Longville, the typical annual property tax bill reaches $1,460, significantly below the national median of $2,690. Property taxes in Longville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Longville'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 Longville 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
Longville, Minnesota Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$2,220
Ownwell’s Longville Property Tax Bill Calculator provides homeowners, real estate investors, and potential buyers with an easy way to estimate their annual property taxes in Longville using just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Longville to generate an estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities and helps you plan accordingly. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Longville, Minnesota
Property taxes in Longville, Minnesota, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Longville is 0.51%, which is significantly lower than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Longville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Longville 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 Longville's effective property tax rate to other counties in Minnesota and the national median. For comparison, the 56655 zip code has both the highest and lowest median property tax rate of 0.51%. Understanding how these cities compare with Longville provides valuable insights into the varying tax landscape across Cass County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Longville Tax Rate
0.51%
Average Cass County Tax Rate
0.53%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Longville, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56655 | 0.42% | 0.45% | 0.51% | 0.53% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Longville, Minnesota
In Longville, 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 Cass 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 Longville, 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 Longville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $1460, found in the zip code 56655.
Average Longville Assessed Value
$290,150
Average Cass County Assessed Value
$248,800
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Longville, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56655 | $64,670 | $164,700 | $290,150 | $449,650 | $623,510 |
Source: Ownwell
Property Tax Bills Across Longville, Minnesota
In Longville, located in Cass County, MN, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by local assessors who evaluate the market value of the property. Factors such as property size, location, and condition are considered in this assessment. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. For instance, in Longville, the median home price is $290,150. Homeowners at the 25th percentile can expect a tax bill around $814, while those at the 75th percentile might see a bill closer to $2,238. At the 90th percentile, the tax bill could reach up to $3,292. The highest and lowest median tax bill recorded in the area is $1,460, which is below the national median property tax rate of 0.99%. This calculation method ensures that property taxes are proportionate to property values, impacting homeowners differently based on their property's assessed value.
Average Longville Tax Bill
$1,460
Average Cass County Tax Bill
$1,350
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Longville, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56655 | $334 | $814 | $1,460 | $2,238 | $3,292 |
Source: Ownwell