Aitkin County, Minnesota Property Taxes

Name: Property Tax Bills Across Aitkin County, Minnesota
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Aitkin County effective property tax rate: 0.51%, significantly lower than the national median of 1.02%.
Median Aitkin County home value: $189,500
Median annual Aitkin County tax bill: $932, $1,468 lower than the national median property tax bill of $2,400.

How are property taxes in Aitkin County calculated?

Property taxes in Aitkin County are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Aitkin or another part of Aitkin County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Aitkin County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.51%

Estimate Property Tax Bill

$966

$897

Ownwell’s Aitkin County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Aitkin County with just two data points. By entering your property's estimated assessed value, our calculator applies Aitkin County’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Aitkin County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Aitkin County, Minnesota

Local government entities set tax rates, which can vary widely within a state. Each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Aitkin County's effective property tax rate is notably lower than the national median property tax rate of 1.02%. Within Minnesota, Aitkin County's median tax rate is 0.51%, with Finlayson having the highest rate at 0.65% and Swatara the lowest at 0.43%. These figures highlight the diversity in tax rates even within a single state. Comparing these rates can provide valuable insights for property owners, allowing them to understand their tax obligations better and explore potential savings. Understanding how these rates are determined can empower property owners to make informed decisions about their property investments and tax appeal opportunities.

Property Tax Rates Across Aitkin County, Minnesota

Source: Ownwell

0.43%

0.54%

0.65%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Aitkin County Tax Rate

0.51%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Aitkin County, Minnesota

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Aitkin	0.31%	0.42%	0.49%	0.53%	0.67%
Deerwood	N/A	N/A	N/A	N/A	N/A
Finlayson	0.44%	0.57%	0.65%	0.71%	0.76%
Hill City	0.36%	0.53%	0.63%	0.98%	1.10%
Isle	0.47%	0.60%	0.65%	0.71%	0.76%
Jacobson	0.33%	0.42%	0.55%	0.68%	0.73%
Mc Grath	0.28%	0.40%	0.47%	0.54%	0.62%
Mcgregor	0.45%	0.50%	0.55%	0.60%	0.64%
Milaca	N/A	N/A	N/A	N/A	N/A
Palisade	0.29%	0.42%	0.51%	0.55%	0.64%
Sandstone	N/A	N/A	N/A	N/A	N/A
Sturgeon Lake	0.41%	0.49%	0.56%	0.60%	0.64%
Swan River	N/A	N/A	N/A	N/A	N/A
Swatara	0.29%	0.37%	0.43%	0.50%	0.57%
Tamarack	0.34%	0.44%	0.51%	0.56%	0.87%
Wright	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Aitkin County, Minnesota

When examining property taxes in Aitkin County, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Aitkin County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

Assessment notices:

In Aitkin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Aitkin County.

For example, the median tax bill in Aitkin County is $1,372, with tax bills ranging significantly across the county. Aitkin has the highest median home price at $227,500.

Property Tax Assessment Values Across Aitkin County, Minnesota

Source: Ownwell

$102,700

$165,100

$227,500

Median Aitkin County Market Value

$189,500

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Aitkin County, Minnesota

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Aitkin	$13,700	$84,100	$227,500	$377,000	$542,840
Deerwood	N/A	N/A	N/A	N/A	N/A
Finlayson	$57,920	$110,550	$221,000	$320,150	$417,370
Hill City	$6,000	$33,800	$102,700	$201,150	$313,450
Isle	$13,610	$59,575	$185,400	$366,100	$541,000
Jacobson	$33,140	$75,250	$137,600	$238,200	$322,140
Mc Grath	$42,860	$74,300	$123,100	$192,350	$280,400
Mcgregor	$24,190	$78,600	$197,700	$342,875	$521,970
Milaca	N/A	N/A	N/A	N/A	N/A
Palisade	$44,790	$96,325	$188,900	$303,075	$422,930
Sandstone	N/A	N/A	N/A	N/A	N/A
Sturgeon Lake	$44,640	$61,950	$106,100	$187,800	$237,130
Swan River	N/A	N/A	N/A	N/A	N/A
Swatara	$9,660	$52,000	$110,900	$191,700	$257,080
Tamarack	$42,480	$83,300	$149,800	$233,450	$362,380
Wright	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Aitkin County, Minnesota

Property tax bills in Aitkin 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 and reflects the estimated market value of the property. Once the assessed value is established, the tax rate is applied to calculate the annual property tax bill. Several factors influence this process, including changes in the real estate market and local government budget needs. Homeowners in Aitkin County experience varying tax bills, with the 25th percentile paying around $342 and the 75th percentile paying approximately $1,724. Notably, Finlayson has the highest median tax bill in the county at $1,372, while Swatara has the lowest at $372. These figures show a range of tax burdens that can affect homeowners differently depending on their property's assessed value and location. Compared to the national median property tax bill of $2,400, Aitkin County's figures are relatively moderate, offering some relief to its residents.

Property Tax Bills Across Aitkin County, Minnesota

Source: Ownwell

$372

$872

$1,372

Median Aitkin County Tax Bill

$932

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Aitkin County, Minnesota

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Aitkin	$68	$332	$1,070	$1,838	$2,672
Deerwood	N/A	N/A	N/A	N/A	N/A
Finlayson	$311	$598	$1,372	$2,091	$2,780
Hill City	$46	$228	$640	$1,224	$1,954
Isle	$91	$332	$1,044	$2,324	$3,578
Jacobson	$167	$352	$666	$1,218	$1,876
Mc Grath	$195	$328	$509	$866	$1,262
Mcgregor	$126	$396	$1,050	$1,880	$2,814
Milaca	N/A	N/A	N/A	N/A	N/A
Palisade	$185	$412	$850	$1,470	$2,083
Sandstone	N/A	N/A	N/A	N/A	N/A
Sturgeon Lake	$222	$354	$512	$914	$1,306
Swan River	N/A	N/A	N/A	N/A	N/A
Swatara	$46	$213	$372	$791	$1,052
Tamarack	$221	$365	$701	$1,125	$1,961
Wright	N/A	N/A	N/A	N/A	N/A

Source: Ownwell