Badger, Minnesota Property Taxes
The median property tax rate in Badger, MN is 0.92%, 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 Badger at $182,100, the typical annual property tax bill amounts to $1,568, which is below the national median of $2,690. Property taxes in Badger are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Badger'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 Badger 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
Badger, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$1,675
Ownwell’s Badger Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Badger with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Badger 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 Badger, Minnesota
Property taxes in Badger, Minnesota, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Badger is 0.92%, which is slightly below the U.S. national median of 0.99%. Local government entities within Badger set these rates annually, and they can vary significantly across different neighborhoods. Each year, Badger 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 Badger's effective property tax rate to other counties in Minnesota and the national median. For comparison, the zip code 56714 has both the highest and lowest median property tax rate of 0.92%. Understanding how these cities compare with Badger provides valuable insights into the varying tax landscape across Roseau County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Badger Tax Rate
0.92%
Average Roseau County Tax Rate
0.88%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Badger, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56714 | 0.36% | 0.63% | 0.92% | 1.21% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Badger, Minnesota
In Badger, 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 Roseau County appraiser 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 Badger, 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 Badger helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Badger are both $1,568, found in the 56714 zip code.
Average Badger Assessed Value
$182,100
Average Roseau County Assessed Value
$181,500
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Badger, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56714 | $44,680 | $108,325 | $182,100 | $259,125 | $391,680 |
Source: Ownwell
Property Tax Bills Across Badger, Minnesota
In Badger, located in Roseau County, MN, property tax bills are determined by multiplying the assessed value of a home by the local property tax rate. For instance, with a median home price of $182,100, the tax bill can vary significantly. Factors such as the home's location, size, and condition are crucial in determining its assessed value. Additionally, local government budgets and voter-approved measures can influence the tax rate. Homeowners in Badger can expect their property tax bills to range widely. The 25th percentile tax bill is approximately $894, while the 75th percentile tax bill reaches about $2,362. At the higher end, the 90th percentile tax bill is around $3,119. Interestingly, the highest and lowest median tax bills in the area both stand at $1,568, highlighting a relatively uniform tax rate within the zip code 56714. Compared to the national median property tax rate of 0.99%, Badger's rates can offer some savings for homeowners, depending on their property's assessed value and specific tax circumstances.
Average Badger Tax Bill
$1,568
Average Roseau County Tax Bill
$1,664
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Badger, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56714 | $458 | $894 | $1,568 | $2,362 | $3,119 |
Source: Ownwell