Chippewa County Property Taxes
The median property tax rate in Chippewa County is 1.23%, which is significantly higher than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Chippewa County, the typical annual property tax bill reaches $1,622, which is below the national median of $2,690. Property taxes in Chippewa County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Chippewa County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Montevideo or another part of Chippewa County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Chippewa County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$1,681
Ownwell’s Chippewa County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Chippewa County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Chippewa County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Chippewa County, Minnesota
Property taxes in Chippewa County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Chippewa County is 1.23%, which is higher than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Chippewa County set these rates annually, and they can vary significantly between different areas within the county. Each year, Chippewa County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Chippewa County's effective property tax rate with other counties in Minnesota and the national median. For comparison, the city of Maynard has one of the higher property tax rates in Minnesota at 1.86%, while the city of Appleton boasts one of the lowest at 0.57%. Analyzing how Chippewa County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Chippewa County Tax Rate
1.23%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chippewa County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Appleton | 0.39% | 0.53% | 0.57% | 0.62% | 0.67% |
| Clara City | 0.95% | 1.45% | 1.80% | 2.04% | 2.19% |
| De Graff | 0.71% | 0.72% | 0.80% | 0.89% | 1.63% |
| Granite Falls | 0.72% | 1.21% | 1.55% | 1.73% | 1.87% |
| Kerkhoven | 0.56% | 0.64% | 0.69% | 0.75% | 1.00% |
| Maynard | 0.79% | 0.93% | 1.86% | 2.28% | 2.99% |
| Milan | 0.65% | 0.78% | 1.26% | 1.68% | 2.11% |
| Montevideo | 0.70% | 0.85% | 1.13% | 1.32% | 1.47% |
| Murdock | 0.58% | 0.66% | 0.78% | 0.87% | 0.92% |
| Raymond | 0.66% | 0.84% | 0.94% | 1.00% | 1.06% |
| Sacred Heart | 0.84% | 0.84% | 0.84% | 0.84% | 0.84% |
| Watson | 0.71% | 0.84% | 1.84% | 2.15% | 2.71% |
Source: Ownwell
Property Tax Assessment Values Across Chippewa County, Minnesota
In Chippewa County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Chippewa County Appraisal District. The assessed value, however, 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. Assessment notices in Chippewa County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Chippewa County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Notably, Clara City has the highest median tax bill at $2,288, while Milan has the lowest at $891.
Property Tax Assessment Values Across Chippewa County, Minnesota
Source: Ownwell
$76,900
$150,475
$224,050
Average Chippewa County Assessed Value
$136,650
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chippewa County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Appleton | $74,900 | $98,950 | $164,500 | $1,209,850 | $1,552,150 |
| Clara City | $61,540 | $96,275 | $141,550 | $210,075 | $297,560 |
| De Graff | $84,100 | $121,450 | $155,700 | $252,425 | $314,030 |
| Granite Falls | $8,440 | $62,625 | $146,600 | $240,025 | $313,270 |
| Kerkhoven | $128,060 | $156,575 | $196,750 | $301,200 | $408,280 |
| Maynard | $18,120 | $40,400 | $89,000 | $172,750 | $300,780 |
| Milan | $14,240 | $36,075 | $76,900 | $122,100 | $223,730 |
| Montevideo | $53,260 | $90,900 | $144,500 | $227,500 | $311,340 |
| Murdock | $146,340 | $156,400 | $193,100 | $382,300 | $681,340 |
| Raymond | $87,930 | $140,150 | $224,050 | $320,375 | $384,460 |
| Sacred Heart | $134,900 | $134,900 | $134,900 | $134,900 | $134,900 |
| Watson | $29,420 | $49,400 | $82,100 | $135,500 | $311,840 |
Source: Ownwell
Property Tax Bills Across Chippewa County, Minnesota
In Chippewa County, MN, property tax bills are determined by several key factors, including the assessed value of the property and the local tax rate. The assessed value is based on the market value of the home, which is periodically evaluated by county assessors. For example, the median home price in Chippewa County is $136,650. The local tax rate is applied to this assessed value to calculate the annual tax bill. Homeowners in Chippewa County experience a range of property tax bills depending on their property's value. For instance, the tax bill at the 25th percentile is around $956, while at the 75th percentile, it reaches approximately $2,701. Those at the 90th percentile can expect to pay up to $3,978. Comparatively, Clara City has the highest median tax bill at $2,288, whereas Milan has the lowest at $891. This variability affects homeowners differently, impacting their annual financial planning and overall cost of homeownership. Understanding these factors can help homeowners better anticipate their property tax obligations.
Average Chippewa County Tax Bill
$1,622
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Chippewa County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Appleton | $429 | $586 | $1,126 | $3,558 | $6,087 |
| Clara City | $940 | $1,536 | $2,288 | $3,586 | $5,023 |
| De Graff | $673 | $1,023 | $1,652 | $2,294 | $2,383 |
| Granite Falls | $679 | $1,060 | $2,124 | $3,810 | $4,994 |
| Kerkhoven | $821 | $1,164 | $1,382 | $2,316 | $3,505 |
| Maynard | $366 | $769 | $1,328 | $2,480 | $3,541 |
| Milan | $182 | $425 | $891 | $1,485 | $2,278 |
| Montevideo | $585 | $938 | $1,551 | $2,530 | $3,560 |
| Murdock | $982 | $1,186 | $1,588 | $3,546 | $4,356 |
| Raymond | $800 | $1,150 | $2,029 | $3,002 | $4,029 |
| Sacred Heart | $1,130 | $1,130 | $1,130 | $1,130 | $1,130 |
| Watson | $545 | $874 | $1,354 | $2,191 | $2,888 |
Source: Ownwell