Dalton, Minnesota Property Taxes
The median property tax rate in Dalton, MN is 0.72%, significantly lower than both the national median of 0.99% and the Minnesota state median of 1.11%. With a median home value of $122,000 in Dalton, the typical annual property tax bill is $932, well below the national median of $2,690. Property taxes in Dalton are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Dalton'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 Dalton 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
Dalton, 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 Dalton Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Dalton. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Dalton to provide an accurate estimate of your property tax bill. This user-friendly tool offers a clear understanding of potential tax liabilities, making financial planning easier. For those interested in more detailed insights, localized information at the neighborhood level is also available. Your property’s assessed value, determined by the county, is crucial for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Dalton, Minnesota
Property taxes in Dalton, Minnesota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dalton is 0.72%, lower than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Dalton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dalton 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 Dalton's effective property tax rate to other counties in Minnesota and the national median. For comparison, the 56324 zip code has the highest median property tax rate of 0.72%, while the same zip code also has the lowest median tax rate of 0.72%. Understanding how these cities compare with Dalton provides valuable insights into the varying tax landscape across Grant County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dalton Tax Rate
0.72%
Average Grant County Tax Rate
0.87%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dalton, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56324 | 0.57% | 0.65% | 0.72% | 0.75% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Dalton, Minnesota
In Dalton, 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 Grant 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 Dalton, 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. The median home price in Dalton is $122,000, with tax bills ranging from $653 at the 25th percentile to $1,753 at the 90th percentile. The highest and lowest median tax bills are both $932, found in zip code 56324. 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 Dalton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dalton Assessed Value
$122,000
Average Grant County Assessed Value
$166,400
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dalton, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56324 | $70,480 | $99,600 | $122,000 | $179,000 | $233,600 |
Source: Ownwell
Property Tax Bills Across Dalton, Minnesota
In Dalton, Grant County, MN, property tax bills are calculated based on the assessed value of a home. The median home price in Dalton is $122,000, and the property tax rate is derived from this value. To determine the tax bill, local authorities multiply the assessed value by the local tax rate. Factors such as property improvements, market conditions, and neighborhood developments can influence the assessed value, thereby affecting the tax bill. For homeowners, this means that any increase in the assessed value of their property will result in a higher tax bill. The tax bill can vary significantly, with the 25th percentile at $653 and the 75th percentile at $1356. At the 90th percentile, the tax bill can reach up to $1753. This shows a range of possible tax liabilities based on different property values within Dalton. Compared to the national median property tax rate of 0.99%, Dalton's tax rates reflect the local economic and market conditions, impacting homeowners' annual financial planning.
Average Dalton Tax Bill
$932
Average Grant County Tax Bill
$1,600
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Dalton, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56324 | $405 | $653 | $932 | $1,356 | $1,753 |
Source: Ownwell