Ashby, Minnesota Property Taxes
The median property tax rate in Ashby, MN is 0.84%, which is lower than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Ashby at $185,500, the typical annual property tax bill comes to $1,550, falling below the national median of $2,690. Property taxes in Ashby are calculated based on the assessed value, which is often lower than the market value thanks to various exemptions like primary residence and agricultural exemptions. Understanding Ashby'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 Ashby 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
Ashby, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$1,558
Ownwell's Ashby Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ashby, Douglas County, MN, using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ashby to provide an accurate estimate of your property tax bill. This invaluable tool helps you understand potential tax liabilities and plan accordingly. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Ashby, Minnesota
Property taxes in Ashby, Minnesota, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ashby is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Ashby set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ashby 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 Ashby's effective property tax rate to other counties in Minnesota and the national median. For comparison, the zip code 56309 has both the highest and lowest median property tax rate of 0.84%. Understanding how these cities compare with Ashby provides valuable insights into the varying tax landscape across Douglas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ashby Tax Rate
0.84%
Average Douglas County Tax Rate
0.86%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ashby, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56309 | 0.30% | 0.51% | 0.84% | 0.90% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Ashby, Minnesota
In Ashby, 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 Douglas 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 Ashby, 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 Ashby helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Ashby are both $1550.00, found in the zip code 56309.
Average Ashby Assessed Value
$185,500
Average Douglas County Assessed Value
$264,900
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ashby, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56309 | $23,660 | $70,400 | $185,500 | $598,300 | $668,020 |
Source: Ownwell
Property Tax Bills Across Ashby, Minnesota
In Ashby, MN, property tax bills are calculated based on the assessed value of a home, which is determined by the Douglas County Assessor's Office. The assessed value is a percentage of the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. Several factors influence the tax bill, including property location, market conditions, and any applicable exemptions or deductions. For example, the median home price in Ashby is $185,500. Homeowners in the 25th percentile can expect a tax bill around $708, while those in the 75th percentile might see a bill as high as $2,652. At the 90th percentile, tax bills can reach up to $3,915. Compared to the national median property tax rate of 0.99%, Ashby's property tax rates can vary significantly, affecting homeowners differently based on their property's assessed value. This variability underscores the importance of understanding local property tax regulations and potential savings through appeals or exemptions.
Average Ashby Tax Bill
$1,550
Average Douglas County Tax Bill
$2,330
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Ashby, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56309 | $196 | $708 | $1,550 | $2,652 | $3,915 |
Source: Ownwell