Cook County, Minnesota Property Taxes
Median Cook County effective property tax rate: 0.72%, significantly lower than the national median of 1.02%.
Median Cook County home value: $271,500
Median annual Cook County tax bill: $1,970, $430 lower than the national median property tax bill of $2,400.
How are property taxes in Cook County calculated?
Property taxes in Cook County are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Grand Marais or another part of Cook County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Cook County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.72%
Estimate Property Tax Bill
$1,955
$1,814
Property Tax Rates Across Cook County, Minnesota
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Cook County Tax Rate
0.72%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Minnesota Tax Rate
1.11%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cook County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Grand Marais | 0.53% | 0.63% | 0.71% | 0.80% | 0.98% |
| Grand Portage | 0.54% | 0.60% | 0.68% | 0.70% | 0.73% |
| Hovland | 0.53% | 0.65% | 0.70% | 0.75% | 1.12% |
| Lutsen | 0.58% | 0.69% | 0.73% | 0.82% | 0.82% |
| Schroeder | 0.52% | 0.67% | 0.73% | 0.82% | 0.92% |
| Tofte | 0.59% | 0.71% | 0.80% | 0.92% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Cook County, Minnesota
When examining property taxes in Cook County, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Cook County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices: In Cook County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Cook County. For example, the median tax bill in Cook County is $2,515, with tax bills ranging significantly across the county. Lutsen has the highest median home price at $340,350.
Median Cook County Market Value
$271,500
Median Minnesota Market Value
$290,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cook County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Grand Marais | $85,710 | $170,175 | $268,400 | $399,850 | $551,910 |
| Grand Portage | $94,900 | $154,400 | $281,300 | $360,150 | $424,800 |
| Hovland | $63,700 | $94,100 | $186,500 | $349,500 | $561,280 |
| Lutsen | $94,800 | $201,350 | $340,350 | $526,950 | $749,950 |
| Schroeder | $71,050 | $170,775 | $207,400 | $503,800 | $765,360 |
| Tofte | $78,840 | $154,200 | $303,100 | $474,500 | $685,400 |
Source: Ownwell
Property Tax Bills Across Cook County, Minnesota
In Cook County, MN, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. The median home price in Cook County is $271,500, which influences the overall tax burden for homeowners. Factors such as property size, location, and improvements can affect the assessed value, thereby impacting the tax bill.
For homeowners in Cook County, the median property tax bill is significantly influenced by these assessments. The 25th percentile tax bill is $1,057, while the 75th percentile reaches $3,135. At the 90th percentile, homeowners may see tax bills as high as $4,803. Comparatively, Lutsen has the highest median tax bill at $2,515, while Hovland has the lowest at $1,394. These figures highlight the variability within the county and underscore the importance of understanding how local assessments and rates can affect property tax obligations.
Median Cook County Tax Bill
$1,970
Median Minnesota Tax Bill
$3,182
Median United States Tax Bill
$2,400
Property Tax Bills Across Cook County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Grand Marais | $554 | $1,112 | $1,944 | $2,990 | $4,215 |
| Grand Portage | $258 | $982 | $1,812 | $2,449 | $2,964 |
| Hovland | $379 | $640 | $1,394 | $2,734 | $4,137 |
| Lutsen | $686 | $1,421 | $2,515 | $3,776 | $5,881 |
| Schroeder | $506 | $957 | $1,738 | $3,403 | $5,994 |
| Tofte | $527 | $1,116 | $2,483 | $4,094 | $5,873 |
Source: Ownwell