Grygla, Minnesota Property Taxes
The median property tax rate in Grygla, MN is 0.77%, notably lower than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Grygla at $101,150, the typical annual property tax bill is $696, which is significantly below the national median of $2,690. Property taxes in Grygla are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Grygla'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 Grygla or another part of Beltrami County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Grygla, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.77%
Estimate Property Tax Bill
$779
Ownwell’s Grygla Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Grygla with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grygla 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 Grygla, Minnesota
Property taxes in Grygla, Minnesota, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grygla is 0.77%, which is lower than the U.S. national median of 0.99%. Local government entities within Grygla set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grygla 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 Grygla's effective property tax rate to other counties in Minnesota and the national median. For comparison, the zip code 56727 has both the highest and lowest median property tax rate of 0.77%. Understanding how these areas compare with Grygla provides valuable insights into the varying tax landscape across Beltrami County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grygla Tax Rate
0.77%
Average Beltrami County Tax Rate
0.85%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grygla, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56727 | 0.40% | 0.62% | 0.77% | 0.86% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Grygla, Minnesota
In Grygla, 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 Beltrami 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 Grygla, 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 Grygla helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 56727 has the highest and lowest median tax bill at $696.
Average Grygla Assessed Value
$101,150
Average Beltrami County Assessed Value
$190,300
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grygla, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56727 | $12,600 | $49,400 | $101,150 | $160,375 | $257,950 |
Source: Ownwell
Property Tax Bills Across Grygla, Minnesota
In Grygla, located in Beltrami County, MN, property tax bills are determined through a process that evaluates both the assessed value of a property and the applicable tax rate. The assessed value is an estimate of the property's market value, which serves as the basis for calculating the tax bill. Homeowners in Grygla experience property tax rates that reflect the local government's need to fund services such as schools, infrastructure, and emergency services. For instance, the median home price in Grygla is $101,150. With property tax bills ranging from $434 at the 25th percentile to $1,078 at the 75th percentile, homeowners have a clear picture of potential tax obligations. The highest median tax bill in the area is $696, which is significantly lower than the national median property tax rate of 0.99%. These factors combined influence how much each homeowner pays annually, impacting their overall financial planning and the affordability of homeownership in Grygla.
Average Grygla Tax Bill
$696
Average Beltrami County Tax Bill
$1,559
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Grygla, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56727 | $154 | $434 | $696 | $1,078 | $1,542 |
Source: Ownwell