Remer, Minnesota Property Taxes
The median property tax rate in Remer, MN is 0.50%, significantly lower than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Remer at $231,200, the typical annual property tax bill is $1,174, which is well below the national median of $2,690. Property taxes in Remer are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Remer'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 Remer 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
Remer, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.5%
Estimate Property Tax Bill
$1,156
Ownwell’s Remer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Remer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Remer 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 Remer, Minnesota
Property taxes in Remer, Minnesota, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Remer is 0.50%, which is notably lower than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Remer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Remer 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 Remer's effective property tax rate to other areas in Minnesota and the national median. For comparison, the highest and lowest median property tax rates in Cass County are both 0.50%, consistent with Remer's rate. Understanding how these cities compare with Remer 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 Remer Tax Rate
0.50%
Average Cass County Tax Rate
0.53%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Remer, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56672 | 0.40% | 0.44% | 0.50% | 0.53% | 0.59% |
Source: Ownwell
Property Tax Assessment Values Across Remer, Minnesota
In Remer, 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 Assessor 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 Remer, 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 Remer helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1174 in the 56672 zip code, while the lowest median tax bill is also $1174 in the same zip code.
Average Remer Assessed Value
$231,200
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 Remer, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56672 | $61,320 | $125,150 | $231,200 | $389,300 | $570,100 |
Source: Ownwell
Property Tax Bills Across Remer, Minnesota
In Remer, property tax bills are calculated based on the assessed value of the property and the local tax rate set by Cass County. The assessed value is determined by the county assessor, who evaluates the market value of the property. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For instance, a median home in Remer, valued at $231,200, can expect a tax bill ranging from $614 at the 25th percentile to $1,896 at the 75th percentile, with the 90th percentile reaching $2,842. These tax bills can significantly impact homeowners, as they represent a recurring expense that must be budgeted for annually. Compared to the national median property tax rate of 0.99%, the rates in Remer reflect the local economic conditions and funding needs for public services such as schools and infrastructure. Understanding these factors can help homeowners better anticipate their financial obligations.
Average Remer Tax Bill
$1,174
Average Cass County Tax Bill
$1,350
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Remer, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56672 | $312 | $614 | $1,174 | $1,896 | $2,842 |
Source: Ownwell