Sawyer, Minnesota Property Taxes
The median property tax rate in Sawyer, MN is 0.89%, which is lower than both the national median of 0.99% and the Minnesota state median of 1.11%. With a median home value of $129,700 in Sawyer, the typical annual property tax bill amounts to $1,204, significantly below the national median of $2,690. Property taxes in Sawyer 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 Sawyer'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 Sawyer 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
Sawyer, Minnesota Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$2,220
Ownwell’s Sawyer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sawyer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sawyer 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 Sawyer, Minnesota
Property taxes in Sawyer, Minnesota, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sawyer is 1.14%, higher than both the Minnesota state median of 0.95% and the U.S. national median of 0.99%. Local government entities within Sawyer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sawyer 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 Sawyer's effective property tax rate to other counties in Minnesota and the national median. For comparison, the 55780 zip code has the highest median property tax rate of 1.14%, while the same zip code also has the lowest median tax rate of 1.14%. Understanding how these cities compare with Sawyer provides valuable insights into the varying tax landscape across Carlton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sawyer Tax Rate
0.89%
Average Carlton County Tax Rate
1.15%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sawyer, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55780 | 0.78% | 0.86% | 0.89% | 0.94% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Sawyer, Minnesota
In Sawyer, 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 Carlton 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 Sawyer, 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 Sawyer helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Sawyer is 55780, both with a median tax bill of $1,204.
Average Sawyer Assessed Value
$129,700
Average Carlton County Assessed Value
$213,450
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sawyer, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55780 | $49,140 | $85,400 | $129,700 | $225,100 | $316,720 |
Source: Ownwell
Property Tax Bills Across Sawyer, Minnesota
In Sawyer, Carlton County, MN, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the market value of homes in the area. Once the market value is established, an assessment ratio is applied to derive the taxable value. The local tax rate is then applied to this taxable value to determine the annual property tax bill. For homeowners in Sawyer, the median home price is $129,700. Property tax bills can vary significantly, with the 25th percentile at $734 and the 75th percentile at $2,049. At the higher end, the 90th percentile reaches $2,995. These figures highlight the range of property tax burdens homeowners can face, depending on their property's assessed value and applicable exemptions. Comparatively, the national median property tax rate is 0.99%, making it crucial for homeowners to understand local factors affecting their property taxes. This knowledge can help them anticipate their annual tax obligations and plan their finances accordingly.
Average Sawyer Tax Bill
$1,204
Average Carlton County Tax Bill
$2,610
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Sawyer, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55780 | $455 | $734 | $1,204 | $2,049 | $2,995 |
Source: Ownwell