Baudette, Minnesota Property Taxes
The median property tax rate in Baudette, MN, is 0.51%, significantly lower than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Baudette at $102,200, the typical annual property tax bill is $474, well below the national median of $2,690. Property taxes in Baudette are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Baudette'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 Baudette or another part of Koochiching County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Baudette, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$521
Ownwell’s Baudette Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Baudette with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Baudette 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 Baudette, Minnesota
Property taxes in Baudette, Minnesota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Baudette is 0.51%, significantly lower than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Baudette set these rates annually, and they can vary significantly across different neighborhoods. Each year, Baudette 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 Baudette's effective property tax rate to other counties in Minnesota and the national median. For comparison, the zip code 56623 has both the highest and lowest median property tax rate of 0.51%. Understanding how these cities compare with Baudette provides valuable insights into the varying tax landscape across Koochiching County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Baudette Tax Rate
0.51%
Average Koochiching County Tax Rate
0.72%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Baudette, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56623 | 0.31% | 0.44% | 0.51% | 0.59% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Baudette, Minnesota
In Baudette, 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 Koochiching 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 Baudette, 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 Baudette helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 56623 has the highest and lowest median tax bill at $474.
Average Baudette Assessed Value
$102,200
Average Koochiching County Assessed Value
$92,700
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Baudette, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56623 | $36,700 | $60,700 | $102,200 | $174,600 | $230,760 |
Source: Ownwell
Property Tax Bills Across Baudette, Minnesota
Property tax bills in Baudette, located in Koochiching County, MN, are calculated based on the assessed value of a property and the local tax rate. The median home price in Baudette is $102,200. Homeowners can expect to pay property taxes that fall within a range, with the 25th percentile tax bill being $308 and the 75th percentile tax bill reaching $795. The 90th percentile tax bill can go up to $1,113. These tax bills are determined by multiplying the assessed value of the property by the local tax rate, which is influenced by various factors including local government budgets and public service funding needs. Compared to the national median property tax rate of 0.99%, Baudette's tax rates can vary but generally stay within a reasonable range. For homeowners, this means that property taxes can significantly impact annual expenses, making it crucial to understand how these rates are applied and how they can fluctuate based on local economic conditions.
Average Baudette Tax Bill
$474
Average Koochiching County Tax Bill
$689
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Baudette, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56623 | $190 | $308 | $474 | $795 | $1,113 |
Source: Ownwell