Kabetogama, Minnesota Property Taxes
The median property tax rate in Kabetogama, MN is 1.12%, slightly higher than both the national median of 0.99% and the Minnesota state median of 1.11%. With a median home value of $171,000 in Kabetogama, the typical annual property tax bill reaches $1,936, which is lower than the national median of $2,690. Property taxes in Kabetogama are calculated based on the assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Kabetogama'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 Kabetogama or another part of St. Louis County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kabetogama, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$1,915
Ownwell’s Kabetogama Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kabetogama with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kabetogama 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 Kabetogama, Minnesota
Property taxes in Kabetogama, Minnesota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kabetogama is 1.12%, higher than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Kabetogama set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kabetogama 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 Kabetogama's effective property tax rate to other counties in Minnesota and the national median. For comparison, the 56669 zip code has the highest median property tax rate of 1.12%, while the 56669 zip code has the lowest median tax rate of 1.12%. Understanding how these cities compare with Kabetogama provides valuable insights into the varying tax landscape across St. Louis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kabetogama Tax Rate
1.12%
Average St. Louis County Tax Rate
1.26%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kabetogama, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56669 | 0.98% | 1.07% | 1.12% | 1.14% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Kabetogama, Minnesota
In Kabetogama, 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 St. Louis County Assessor 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 Kabetogama, 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 Kabetogama helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 56669 has both the highest and lowest median tax bill at $1,936, reflecting the localized nature of property taxes in this area.
Average Kabetogama Assessed Value
$171,000
Average St. Louis County Assessed Value
$137,900
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kabetogama, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56669 | $17,580 | $74,550 | $171,000 | $283,450 | $496,680 |
Source: Ownwell
Property Tax Bills Across Kabetogama, Minnesota
In Kabetogama, located in St. Louis County, MN, property tax bills are calculated based on the assessed value of the property, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the tax bill. For example, with a median home price of $171,000, homeowners can expect varying tax bills depending on the assessed value and applicable tax rates. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. In Kabetogama, the tax bill can range significantly, with the 25th percentile at $935 and the 75th percentile at $3,267. The 90th percentile tax bill can be as high as $5,534. Comparatively, the national median property tax rate is 0.99%, highlighting how local variations can impact homeowners differently. Homeowners need to understand these factors as they directly affect their annual financial obligations. Accurate assessments and awareness of potential exemptions can help manage and possibly reduce property tax burdens.
Average Kabetogama Tax Bill
$1,936
Average St. Louis County Tax Bill
$1,738
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Kabetogama, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56669 | $381 | $935 | $1,936 | $3,267 | $5,534 |
Source: Ownwell