Swatara, Minnesota Property Taxes
The median property tax rate in Swatara, MN is 0.43%, significantly lower than both the national median of 0.99% and the Minnesota state median of 1.11%. With a median home value of $157,200 in Swatara, the typical annual property tax bill amounts to $610, which is well below the national median of $2,690. Property taxes in Swatara are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Swatara'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 Swatara 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
Swatara, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.43%
Estimate Property Tax Bill
$676
Ownwell’s Swatara Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Swatara with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Swatara 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 Swatara, Minnesota
Property taxes in Swatara, Minnesota, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Swatara is 0.43%, which is significantly lower than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Swatara set these rates annually, and they can vary significantly across different neighborhoods. Each year, Swatara 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 Swatara's effective property tax rate to other counties in Minnesota and the national median. For comparison, the zip code 55785 has both the highest and lowest median property tax rate of 0.43%, identical to the rate in Swatara. Understanding how these cities compare with Swatara 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 Swatara Tax Rate
0.43%
Average Cass County Tax Rate
0.53%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Swatara, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55785 | 0.38% | 0.40% | 0.43% | 0.48% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Swatara, Minnesota
In Swatara, 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 Swatara, 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. For instance, homeowners in the 55785 zip code see the highest median tax bill at $610. 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 Swatara helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Swatara Assessed Value
$157,200
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 Swatara, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55785 | $73,660 | $88,700 | $157,200 | $226,650 | $344,020 |
Source: Ownwell
Property Tax Bills Across Swatara, Minnesota
In Swatara, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is determined by local tax assessors and reflects the market value of the home. Several factors influence this assessment, including the property's size, location, and condition. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For homeowners in Swatara, the median home price is $157,200. The property tax rate in this area results in a median tax bill of $610. However, tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $418, while at the 75th percentile, it reaches $1014, and at the 90th percentile, it can be as high as $1440. These variations depend on the specific characteristics and valuation of each property. Understanding how property tax bills are calculated helps homeowners budget effectively and anticipate changes in their annual expenses. Comparing these figures with the national median property tax rate of 0.99% provides valuable context for Swatara residents.
Average Swatara Tax Bill
$610
Average Cass County Tax Bill
$1,350
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Swatara, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55785 | $302 | $418 | $610 | $1,014 | $1,440 |
Source: Ownwell