Pillager, Minnesota Property Taxes
The median property tax rate in Pillager, MN is 1.20%, considerably higher than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Pillager, the typical annual property tax bill reaches $72, which is significantly lower than the national median of $2,690. Property taxes in Pillager 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 Pillager'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 Pillager or another part of Crow Wing County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pillager, 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 Pillager Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pillager with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pillager 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 Pillager, Minnesota
Property taxes in Pillager, Minnesota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pillager is 1.20%, higher than the U.S. national median of 0.99%. Local government entities within Pillager set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pillager 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 Pillager's effective property tax rate to other counties in Minnesota and the national median. For comparison, the zip code 56473 has the highest median property tax rate of 1.20%, while the same zip code also has the lowest median tax rate of 1.20%. Understanding how these cities compare with Pillager provides valuable insights into the varying tax landscape across Crow Wing County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pillager Tax Rate
1.20%
Average Crow Wing County Tax Rate
0.59%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pillager, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56473 | 1.20% | 1.20% | 1.20% | 1.20% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Pillager, Minnesota
In Pillager, 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 Crow Wing 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. Assessment notices in Pillager 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 Pillager helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest tax bills in the area can be found in the zip codes with a median home price of $6,000, while the 25th, 75th, and 90th percentiles all have tax bills of $72.
Average Pillager Assessed Value
$6,000
Average Crow Wing County Assessed Value
$265,300
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pillager, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56473 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 |
Source: Ownwell
Property Tax Bills Across Pillager, Minnesota
In Pillager, located in Crow Wing 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, who evaluates the property's market value and applies an assessment ratio to arrive at the taxable value. In Pillager, the median home price is $6,000. The property tax rate in Crow Wing County is applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including property improvements, market conditions, and local government budgets. For example, if the county needs more revenue for public services like schools or infrastructure, the tax rate might increase, leading to higher tax bills for homeowners. In Pillager, the tax bill remains consistent across different percentiles, with figures at the 25th, 75th, and 90th percentiles all at $72. This relatively low and uniform tax bill can make homeownership more affordable compared to the national median property tax rate of 0.99%.
Average Pillager Tax Bill
$72
Average Crow Wing County Tax Bill
$1,562
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Pillager, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56473 | $72 | $72 | $72 | $72 | $72 |
Source: Ownwell