Winger, Minnesota Property Taxes
The median property tax rate in Winger, MN is 1.03%, slightly higher than the national median of 0.99% but lower than the Minnesota state median of 1.11%. With the median home value in Winger at $106,300, the typical annual property tax bill reaches $1,082, which is below the national median of $2,690. Property taxes in Winger 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 Winger'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 Winger or another part of Polk County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Winger, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$1,095
Ownwell’s Winger Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Winger with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Winger 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 Winger, Minnesota
Property taxes in Winger, Minnesota, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Winger is 1.03%, higher than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Winger set these rates annually, and they can vary significantly across different neighborhoods. Each year, Winger 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 Winger's effective property tax rate to other counties in Minnesota and the national median. For comparison, the 56592 zip code has both the highest and lowest median property tax rate of 1.03%. Understanding how these areas compare with Winger provides valuable insights into the varying tax landscape across Polk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Winger Tax Rate
1.03%
Average Polk County Tax Rate
1.34%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Winger, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56592 | 0.42% | 0.78% | 1.03% | 1.64% | 2.30% |
Source: Ownwell
Property Tax Assessment Values Across Winger, Minnesota
In Winger, 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 Polk County Assessor's Office 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 Winger, 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 Winger helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Winger are both $1082 in the 56592 zip code.
Average Winger Assessed Value
$106,300
Average Polk County Assessed Value
$183,700
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Winger, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56592 | $33,650 | $58,325 | $106,300 | $204,950 | $354,650 |
Source: Ownwell
Property Tax Bills Across Winger, Minnesota
In Winger, located in Polk County, MN, property tax bills are calculated based on the assessed value of your home and the local tax rate. The median home price in Winger is $106,300. Homeowners can expect their property tax bill to fall within a range, depending on their property's assessed value and applicable exemptions. For instance, the 25th percentile tax bill is $854, while the 75th percentile tax bill is $1,620. At the higher end, the 90th percentile tax bill reaches $2,248. The property tax rate in Winger is influenced by various factors, including local government budgets, school funding, and public services. With the national median property tax rate at 0.99%, Winger's tax rate is competitive, offering a balanced approach to funding essential community services while keeping homeowner costs relatively affordable. This system ensures that property taxes are fairly distributed, reflecting the value and benefits provided by the local community.
Average Winger Tax Bill
$1,082
Average Polk County Tax Bill
$2,200
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Winger, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56592 | $599 | $854 | $1,082 | $1,620 | $2,248 |
Source: Ownwell