Kelliher, Minnesota Property Taxes
The median property tax rate in Kelliher, MN is 0.97%, slightly below the national median of 0.99% and the Minnesota state median of 1.11%. With a median home value of $100,900 in Kelliher, the typical annual property tax bill is $904, which is significantly lower than the national median of $2,690. Property taxes in Kelliher are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Kelliher's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Kelliher 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
Kelliher, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$979
Ownwell’s Kelliher Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kelliher with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kelliher 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 Kelliher, Minnesota
Property taxes in Kelliher, Minnesota, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kelliher is 0.97%, slightly lower than the U.S. national median of 0.99%. Local government entities within Kelliher set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kelliher 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 Kelliher's effective property tax rate to other areas in Minnesota and the national median. For comparison, the zip code 56650 has the highest median property tax rate of 0.97%, while the same zip code also has the lowest median tax rate of 0.97%. Understanding how these cities compare with Kelliher 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 Kelliher Tax Rate
0.97%
Average Beltrami County Tax Rate
0.85%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kelliher, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56650 | 0.48% | 0.76% | 0.97% | 1.09% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Kelliher, Minnesota
In Kelliher, 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 Kelliher, 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 Kelliher helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 56650 in Kelliher has both the highest and lowest median tax bill at $904.
Average Kelliher Assessed Value
$100,900
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 Kelliher, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56650 | $21,400 | $52,400 | $100,900 | $195,900 | $275,300 |
Source: Ownwell
Property Tax Bills Across Kelliher, Minnesota
In Kelliher, Beltrami County, MN, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Kelliher, the median home price is $100,900. Property tax bills can vary significantly, with the 25th percentile at $520 and the 75th percentile at $1,630. At the 90th percentile, property taxes can reach up to $2,353. The highest and lowest median tax bills in the area are both $904, indicating a consistent tax rate within the zip code 56650. Compared to the national median property tax rate of 0.99%, Kelliher's rates can have a substantial impact on homeowners, influencing their monthly budgets and overall financial planning. Understanding how these factors interact helps homeowners anticipate their property tax obligations.
Average Kelliher Tax Bill
$904
Average Beltrami County Tax Bill
$1,559
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Kelliher, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56650 | $188 | $520 | $904 | $1,630 | $2,353 |
Source: Ownwell