Webster, Minnesota Property Taxes
The median property tax rate in Webster, MN is 0.95%, slightly below the national median of 0.99% and the Minnesota state median of 1.11%. With a median home value of $781,300 in Webster, the typical annual property tax bill reaches $6,494, significantly higher than the national median of $2,690. Property taxes in Webster are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Webster'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 Webster 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
Webster, 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 Webster Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Webster with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Webster to provide an estimate of your property tax bill. This valuable tool offers insight into potential tax liabilities, helping you make informed financial decisions. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by the county, is used for property tax calculations and accounts for any applicable exemptions.
Property Tax Rates Across Webster, Minnesota
Property taxes in Webster, Minnesota, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Webster is 0.95%, slightly below the U.S. national median of 0.99%. Local government entities within Webster set these rates annually, and they can vary significantly across different neighborhoods. Each year, Webster 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 Webster's effective property tax rate to other counties in Minnesota and the national median. For comparison, the 55088 zip code has both the highest and lowest median property tax rate of 0.95%. Understanding how these cities compare with Webster provides valuable insights into the varying tax landscape across Dakota County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Webster Tax Rate
0.95%
Average Dakota County Tax Rate
1.06%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Webster, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55088 | 0.56% | 0.71% | 0.95% | 0.95% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Webster, Minnesota
In Webster, 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 Dakota 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 Webster, 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 Webster helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Webster is $781,300, with median tax bills ranging from $5,137 to $6,995. The highest and lowest median tax bills, both at $6,494, are found in the 55088 zip code.
Average Webster Assessed Value
$781,300
Average Dakota County Assessed Value
$344,300
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Webster, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55088 | $704,900 | $733,550 | $781,300 | $795,150 | $803,460 |
Source: Ownwell
Property Tax Bills Across Webster, Minnesota
In Webster, Dakota County, MN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Webster is $781,300, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, making it crucial for homeowners to understand how these elements impact their tax obligations. The tax bill can vary significantly, with the 25th percentile paying around $5,137 and the 75th percentile facing bills up to $6,995. At the 90th percentile, homeowners might see tax bills as high as $7,296. These figures highlight the range of property tax obligations within the community, which can significantly affect household budgets. Compared to the national median property tax rate of 0.99%, Webster's tax rates reflect the local economic conditions and public service funding requirements, underscoring the importance for homeowners to stay informed about their property assessments and potential appeals.
Average Webster Tax Bill
$6,494
Average Dakota County Tax Bill
$3,728
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Webster, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55088 | $4,323 | $5,137 | $6,494 | $6,995 | $7,296 |
Source: Ownwell