Motley, Minnesota Property Taxes
The median property tax rate in Motley, MN is 0.74%, considerably lower than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Motley, the typical annual property tax bill reaches $648, significantly below the national median of $2,690. Property taxes in Motley 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 Motley'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 Motley 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
Motley, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$833
Ownwell’s Motley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Motley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Motley 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 Motley, Minnesota
Property taxes in Motley, Minnesota, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Motley is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Motley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Motley 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 Motley's effective property tax rate to other counties in Minnesota and the national median. For comparison, the 56466 zip code has both the highest and lowest median property tax rate of 0.74%. Understanding how these areas compare with Motley 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 Motley Tax Rate
0.74%
Average Cass County Tax Rate
0.53%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Motley, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56466 | 0.42% | 0.60% | 0.74% | 0.82% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Motley, Minnesota
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Motley, Minnesota. 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 Motley, 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 Motley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Motley is $648.00, found in the 56466 zip code, while the lowest median tax bill is also $648.00, in the same zip code. This highlights the importance of understanding the local property tax system to better manage financial obligations.
Average Motley Assessed Value
$112,600
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 Motley, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56466 | $14,400 | $34,150 | $112,600 | $231,200 | $333,600 |
Source: Ownwell
Property Tax Bills Across Motley, Minnesota
In Motley, 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 the county assessor and reflects the market value of the property. Homeowners in Motley can expect varying tax bills depending on their property's value and the specific tax rates applied by local taxing authorities. For instance, the median home price in Motley is $112,600. Property tax bills can vary significantly, with the 25th percentile tax bill at $217 and the 75th percentile tax bill at $1,663. At the higher end, the 90th percentile tax bill can reach up to $2,550. The highest and lowest median tax bills in the 56466 zip code are both $648, indicating some consistency in tax assessments within this area. These property taxes fund essential local services such as schools, roads, and emergency services, directly impacting the quality of life for residents. By understanding how these factors influence their tax bills, homeowners can better anticipate and manage their financial responsibilities.
Average Motley Tax Bill
$648
Average Cass County Tax Bill
$1,350
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Motley, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56466 | $120 | $217 | $648 | $1,663 | $2,550 |
Source: Ownwell