Tintah, Minnesota Property Taxes
The median property tax rate in Tintah, MN is 0.80%, which is notably lower than both the national median of 0.99% and the Minnesota state median of 1.11%. With a median home value of $216,100 in Tintah, the typical annual property tax bill is $1,714, significantly below the national median of $2,690. Property taxes in Tintah are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Tintah'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 Tintah or another part of Wilkin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tintah, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$1,729
Ownwell’s Tintah Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tintah with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tintah 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 Tintah, Minnesota
Property taxes in Tintah, Minnesota, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tintah is 0.80%, which is lower than the U.S. national median of 0.99%. Local government entities within Tintah set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tintah 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 Tintah's effective property tax rate to other areas in Minnesota and the national median. For comparison, the zip code 56583 has the same median property tax rate of 0.80%. Understanding how these areas compare with Tintah provides valuable insights into the varying tax landscape across Wilkin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tintah Tax Rate
0.80%
Average Wilkin County Tax Rate
0.90%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tintah, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56583 | 0.56% | 0.62% | 0.80% | 0.85% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Tintah, Minnesota
In Tintah, 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 Wilkin 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 Tintah, 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 Tintah helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Tintah are both $1714, found in the 56583 zip code.
Average Tintah Assessed Value
$216,100
Average Wilkin County Assessed Value
$164,600
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tintah, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56583 | $117,420 | $178,100 | $216,100 | $447,175 | $862,090 |
Source: Ownwell
Property Tax Bills Across Tintah, Minnesota
In Tintah, located in Wilkin County, MN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For example, the median home price in Tintah is $216,100. Homeowners in the 25th percentile can expect to pay around $1,444 in property taxes annually, while those in the 75th percentile might see a tax bill of approximately $2,482. At the 90th percentile, the tax bill can rise to about $3,238. Several factors influence these tax bills, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Tintah’s rates can vary but provide a useful benchmark for homeowners. Understanding these factors helps homeowners anticipate their annual tax obligations and budget accordingly.
Average Tintah Tax Bill
$1,714
Average Wilkin County Tax Bill
$1,424
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Tintah, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56583 | $1,008 | $1,444 | $1,714 | $2,482 | $3,238 |
Source: Ownwell