Orr, Minnesota Property Taxes
The median property tax rate in ORR, MN is 1.10%, slightly higher than the national median of 0.99% but just below the Minnesota state median of 1.11%. With the median home value in ORR at $90,800, the typical annual property tax bill reaches $946, which is lower than the national median of $2,690. Property taxes in ORR 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 ORR'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 ORR 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
Orr, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$999
Ownwell’s ORR Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ORR with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ORR 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 Orr, Minnesota
Property taxes in ORR, Minnesota, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in ORR is 1.10%, significantly higher than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within ORR set these rates annually, and they can vary significantly across different neighborhoods. Each year, ORR 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 ORR's effective property tax rate to other counties in Minnesota and the national median. For comparison, the 55771 zip code has the highest median property tax rate of 1.10%, while the same zip code also has the lowest median tax rate of 1.10%. Understanding how these cities compare with ORR 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 Orr Tax Rate
1.10%
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 Orr, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55771 | 0.82% | 1.03% | 1.10% | 1.19% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Orr, Minnesota
In ORR, 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 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 ORR, 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. The median home price in ORR is $90,800, with tax bills varying significantly. For instance, the 25th percentile tax bill is $448, while the 75th percentile tax bill is $1,814. 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 ORR helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Orr Assessed Value
$90,800
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 Orr, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55771 | $5,400 | $41,150 | $90,800 | $166,950 | $268,740 |
Source: Ownwell
Property Tax Bills Across Orr, Minnesota
In ORR, St. Louis County, MN, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in ORR is $90,800. The tax rate is applied to this assessed value to calculate the annual tax bill. Several factors influence the final tax bill, including local government budgets, school district funding needs, and special assessments for infrastructure improvements. For homeowners in ORR, the 25th percentile tax bill is $448, while the 75th percentile tax bill is $1,814. At the 90th percentile, homeowners can expect to pay around $2,976. These figures highlight the variability in tax bills, which can significantly impact homeowners' finances. Comparatively, the national median property tax rate is 0.99%, making ORR's property tax rates competitive. Homeowners should be aware of these factors and consider them when budgeting for annual expenses.
Average Orr Tax Bill
$946
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 Orr, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55771 | $117 | $448 | $946 | $1,814 | $2,976 |
Source: Ownwell