Darfur, Minnesota Property Taxes
The median property tax rate in Darfur, MN is 1.99%, considerably higher than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Darfur, the typical annual property tax bill reaches $782, which is below the national median of $2,690. Property taxes in Darfur 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 Darfur'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 Darfur 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
Darfur, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.99%
Estimate Property Tax Bill
$698
Ownwell’s Darfur Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Darfur with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Darfur 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 Darfur, Minnesota
Property taxes in Darfur, Minnesota, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Darfur is 1.99%, significantly higher than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Darfur set these rates annually, and they can vary significantly across different neighborhoods. Each year, Darfur 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 Darfur's effective property tax rate to other areas in Minnesota and the national median. For comparison, the zip code 56022 has both the highest and lowest median property tax rate of 1.99%. Understanding how these areas compare with Darfur provides valuable insights into the varying tax landscape across Watonwan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Darfur Tax Rate
1.99%
Average Watonwan County Tax Rate
1.02%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Darfur, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56022 | 1.77% | 1.83% | 1.99% | 3.05% | 4.99% |
Source: Ownwell
Property Tax Assessment Values Across Darfur, Minnesota
In Darfur, 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 Watonwan County Assessor's Office 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 Darfur, 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 Darfur helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 56022 has both the highest and lowest median tax bill at $782, indicating a consistency in tax assessments within the area.
Average Darfur Assessed Value
$35,100
Average Watonwan County Assessed Value
$150,750
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Darfur, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56022 | $3,200 | $11,650 | $35,100 | $51,400 | $69,900 |
Source: Ownwell
Property Tax Bills Across Darfur, Minnesota
Property tax bills in Darfur, located in Watonwan County, MN, are calculated based on the assessed value of a property and the local tax rate. The median home price in Darfur is $35,100, serving as a foundation for determining property tax obligations. The assessed value is multiplied by the local tax rate to generate the tax bill. Factors such as property size, location, and condition can influence the assessed value, leading to variations in tax bills. For homeowners, property taxes can significantly impact annual expenses. The 25th percentile tax bill in Darfur is $486, while the 75th percentile reaches $1,122, and the 90th percentile is $1,516. These figures indicate that some homeowners may pay considerably more or less than others based on their property's assessed value. Comparatively, Darfur’s highest and lowest median tax bill both stand at $782, reflecting a relatively consistent tax environment within the zip code 56022. Understanding these factors helps homeowners anticipate and manage their property tax responsibilities effectively.
Average Darfur Tax Bill
$782
Average Watonwan County Tax Bill
$1,480
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Darfur, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56022 | $155 | $486 | $782 | $1,122 | $1,516 |
Source: Ownwell