Clontarf, Minnesota Property Taxes
The median property tax rate in Clontarf, MN is 1.38%, considerably higher than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Clontarf, the typical annual property tax bill reaches $1,592, exceeding the national median of $2,690. Property taxes in Clontarf 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 Clontarf'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 Clontarf 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
Clontarf, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.38%
Estimate Property Tax Bill
$1,453
Ownwell’s Clontarf Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clontarf with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clontarf 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 Swift County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Clontarf, Minnesota
Property taxes in Clontarf, Minnesota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clontarf is 1.38%, significantly higher than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Clontarf set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clontarf 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 Clontarf's effective property tax rate to other counties in Minnesota and the national median. For comparison, the 56226 zip code has the highest median property tax rate of 1.38%, while the same zip code also has the lowest median tax rate of 1.38%. Understanding how these cities compare with Clontarf provides valuable insights into the varying tax landscape across Swift County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clontarf Tax Rate
1.38%
Average Swift County Tax Rate
0.99%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clontarf, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56226 | 0.66% | 1.17% | 1.38% | 1.83% | 2.97% |
Source: Ownwell
Property Tax Assessment Values Across Clontarf, Minnesota
In Clontarf, 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 Swift 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 Clontarf, 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 Clontarf is $105,300, with property tax bills ranging from $736 at the 25th percentile to $3,045 at the 90th percentile. 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 Clontarf helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Clontarf Assessed Value
$105,300
Average Swift County Assessed Value
$128,800
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clontarf, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56226 | $2,600 | $23,450 | $105,300 | $181,475 | $295,780 |
Source: Ownwell
Property Tax Bills Across Clontarf, Minnesota
In Clontarf, located in Swift County, MN, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors who evaluate the property's market value. Property taxes in Clontarf are influenced by several factors, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. For a median home price of $105,300, homeowners can expect varying tax bills. The 25th percentile tax bill is about $736, while the 75th percentile reaches up to $2,076. At the higher end, the 90th percentile tax bill can be as much as $3,045. These figures highlight the range of property tax obligations homeowners may face. Compared to the national median property tax rate of 0.99%, Clontarf's rates can be seen as relatively moderate, providing a balanced approach to funding local services and infrastructure. Homeowners need to be aware of these factors to plan their finances effectively and take advantage of any potential tax relief options.
Average Clontarf Tax Bill
$1,592
Average Swift County Tax Bill
$1,162
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Clontarf, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56226 | $27 | $736 | $1,592 | $2,076 | $3,045 |
Source: Ownwell