Harris, Minnesota Property Taxes
The median property tax rate in Harris, MN is 1.15%, considerably higher than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Harris, the typical annual property tax bill reaches $3,321, exceeding the national median of $2,690. Property taxes in Harris are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Harris'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 Harris 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
Harris, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$3,506
Ownwell’s Harris Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Harris with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harris 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 Harris, Minnesota
Property taxes in Harris, Minnesota, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Harris is 1.15%, significantly higher than the U.S. national median of 0.99%. Local government entities within Harris set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harris 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 Harris's effective property tax rate to other counties in Minnesota and the national median. For comparison, the 55032 zip code has the highest median property tax rate of 1.15%, while the same zip code also has the lowest median tax rate of 1.15%. Understanding how these cities compare with Harris provides valuable insights into the varying tax landscape across Chisago County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Harris Tax Rate
1.15%
Average Chisago County Tax Rate
1.18%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harris, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55032 | 0.51% | 1.06% | 1.15% | 1.21% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Harris, Minnesota
In Harris, 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 Chisago 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 Harris, 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 Harris helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 55032, while the same zip code also has the lowest median tax bill, both at $3,321.
Average Harris Assessed Value
$304,850
Average Chisago County Assessed Value
$305,800
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harris, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55032 | $30,850 | $187,775 | $304,850 | $408,650 | $492,740 |
Source: Ownwell
Property Tax Bills Across Harris, Minnesota
In Harris, located in Chisago County, MN, property tax bills are calculated based on the assessed value of a property and the applicable tax rate. The assessed value is determined by local assessors who evaluate the market value of homes. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Homeowners in Harris experience a range of property tax bills. For instance, at the 25th percentile, the tax bill is around $1,548, while at the 75th percentile, it reaches approximately $4,570. The top 10% of tax bills can go up to $5,683. These figures are influenced by factors such as property size, location, and market trends. Compared to the national median property tax rate of 0.99%, Harris homeowners face varying tax burdens depending on their property’s assessed value. This variability can significantly impact household budgets, making it essential for homeowners to understand their property assessments and potential tax liabilities.
Average Harris Tax Bill
$3,321
Average Chisago County Tax Bill
$3,492
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Harris, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55032 | $192 | $1,548 | $3,321 | $4,570 | $5,683 |
Source: Ownwell