Warroad, Minnesota Property Taxes
The median property tax rate in Warroad, MN is 0.88%, which is notably lower than both the national median of 0.99% and Minnesota's state median of 1.11%. With a median home value of $185,300 in Warroad, the typical annual property tax bill amounts to $1,834, falling below the national median of $2,690. Property taxes in Warroad are calculated based on the tax assessed value, which is often less than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Warroad'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 Warroad 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
Warroad, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,631
Ownwell’s Warroad Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Warroad with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Warroad 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 Warroad, Minnesota
Property taxes in Warroad, Minnesota, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Warroad is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within Warroad set these rates annually, and they can vary significantly across different neighborhoods. Each year, Warroad 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 Warroad's effective property tax rate to other counties in Minnesota and the national median. For comparison, the zip code 56763 has the highest median property tax rate of 0.88%, while the same zip code also has the lowest median tax rate of 0.88%. Understanding how these cities compare with Warroad 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 Warroad Tax Rate
0.88%
Average Roseau County Tax Rate
0.88%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Warroad, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56763 | 0.58% | 0.78% | 0.88% | 1.13% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Warroad, Minnesota
In Warroad, 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 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 Warroad, 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 Warroad helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Warroad is $185,300, with the 25th percentile tax bill at $1,068 and the 75th percentile at $2,669. The highest and lowest median tax bill in the area is $1,834, found in zip code 56763.
Average Warroad Assessed Value
$185,300
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 Warroad, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56763 | $13,580 | $84,700 | $185,300 | $264,200 | $363,560 |
Source: Ownwell
Property Tax Bills Across Warroad, Minnesota
In Warroad, located in Roseau County, MN, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. Several factors influence the property tax bill, including property type, location, and any applicable exemptions. For instance, a median home in Warroad, valued at $185,300, would have a tax bill that varies significantly. Homeowners at the 25th percentile pay around $1,068, while those at the 75th percentile face bills closer to $2,669. At the 90th percentile, the tax bill can reach up to $3,865. These taxes fund essential local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Warroad's tax rates reflect the specific needs and budgetary requirements of the local community, impacting homeowners accordingly.
Average Warroad Tax Bill
$1,834
Average Roseau County Tax Bill
$1,664
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Warroad, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56763 | $427 | $1,068 | $1,834 | $2,669 | $3,865 |
Source: Ownwell