Shevlin, Minnesota Property Taxes
The median property tax rate in Shevlin, MN is 0.53%, considerably lower than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Shevlin at $130,550, the typical annual property tax bill reaches $684, significantly below the national median of $2,690. Property taxes in Shevlin 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 Shevlin'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 Shevlin 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
Shevlin, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$692
Ownwell’s Shevlin Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Shevlin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shevlin to provide an estimated property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is the figure assigned by Clearwater County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Shevlin, Minnesota
Property taxes in Shevlin, Minnesota, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Shevlin is 0.53%, which is significantly lower than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Shevlin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shevlin 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 Shevlin's effective property tax rate to other counties in Minnesota and the national median. For comparison, the zip code 56676 has both the highest and lowest median property tax rate of 0.53%. Understanding how these cities compare with Shevlin provides valuable insights into the varying tax landscape across Clearwater County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Shevlin Tax Rate
0.53%
Average Clearwater County Tax Rate
0.60%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shevlin, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56676 | 0.43% | 0.48% | 0.53% | 0.59% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Shevlin, Minnesota
In Shevlin, 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 Clearwater 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 Shevlin, 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 Shevlin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Shevlin is $130,550, with tax bills ranging from $360 at the 25th percentile to $1,604 at the 90th percentile. The highest and lowest median tax bills in the area are both $684, found in the zip code 56676.
Average Shevlin Assessed Value
$130,550
Average Clearwater County Assessed Value
$127,300
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Shevlin, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56676 | $29,370 | $71,225 | $130,550 | $218,875 | $296,960 |
Source: Ownwell
Property Tax Bills Across Shevlin, Minnesota
In Shevlin, Clearwater 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 Shevlin can expect their property tax bills to vary depending on several factors, including property size, location, and any applicable exemptions. The median home price in Shevlin is $130,550, and property tax bills can range significantly. For example, at the 25th percentile, homeowners might pay around $360, while those at the 75th percentile could see bills up to $1,138. At the 90th percentile, tax bills can reach as high as $1,604. These figures highlight the variability in property tax obligations, influenced by both property values and specific local tax rates. Comparatively, the median property tax rate in Shevlin aligns with the national median of 0.99%, making it essential for homeowners to understand their assessed values and potential exemptions to manage their tax liabilities effectively.
Average Shevlin Tax Bill
$684
Average Clearwater County Tax Bill
$812
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Shevlin, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56676 | $170 | $360 | $684 | $1,138 | $1,604 |
Source: Ownwell