Johnson, Minnesota Property Taxes
The median property tax rate in Johnson, MN is 0.75%, considerably lower than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Johnson at $113,000, the typical annual property tax bill reaches $798, significantly below the national median of $2,690. Property taxes in Johnson 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 Johnson'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 Johnson 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
Johnson, Minnesota Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$2,220
Ownwell’s Johnson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Johnson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Johnson 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 Johnson, Minnesota
Property taxes in Johnson, Minnesota, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Johnson is 1.25%, higher than both the Minnesota state median of 1.12% and the U.S. national median of 0.99%. Local government entities within Johnson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Johnson 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 Johnson's effective property tax rate to other counties in Minnesota and the national median. For comparison, the 56236 zip code has the highest median property tax rate of 1.25%, while the same zip code also has the lowest median tax rate of 1.25%. Understanding how these cities compare with Johnson provides valuable insights into the varying tax landscape across Traverse County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Johnson Tax Rate
0.75%
Average Traverse County Tax Rate
1.63%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Johnson, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56236 | 0.71% | 0.73% | 0.75% | 1.16% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Johnson, Minnesota
In Johnson, 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 Traverse 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 Johnson, 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 Johnson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 56236 has both the highest and lowest median tax bill at $798.
Average Johnson Assessed Value
$113,000
Average Traverse County Assessed Value
$55,600
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Johnson, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56236 | $56,520 | $77,700 | $113,000 | $137,350 | $151,960 |
Source: Ownwell
Property Tax Bills Across Johnson, Minnesota
Property tax bills in Johnson, located in Traverse County, MN, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the market value of the property. This value is then multiplied by the local tax rate to calculate the annual property tax bill. In Johnson, the median home price is $113,000, which serves as a baseline for assessing property taxes. Homeowners in the 25th percentile can expect a tax bill around $733, while those in the 75th percentile may see bills closer to $1,003. For those in the 90th percentile, tax bills can reach up to $1,126. These figures illustrate the range of property tax obligations within the city, which can significantly impact homeowners' finances. Compared to the national median property tax rate of 0.99%, Johnson’s property taxes can be seen as relatively moderate, offering a balanced approach to funding local services and infrastructure while considering the homeowners' financial burden.
Average Johnson Tax Bill
$798
Average Traverse County Tax Bill
$718
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Johnson, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56236 | $694 | $733 | $798 | $1,003 | $1,126 |
Source: Ownwell