Maryville, Minnesota Property Taxes
The median property tax rate in Maryville, MN is 0.77%, which is notably lower than both the national median of 0.99% and the Minnesota state median of 1.11%. With a median home value of $154,300 in Maryville, the typical annual property tax bill amounts to $1,188, falling below the national median of $2,690. Property taxes in Maryville are determined based on the tax assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. By understanding Maryville's property tax system and exploring available exemptions, homeowners and real estate investors can uncover opportunities for significant annual savings. Whether you reside in the heart of Maryville or another area within the city, gaining insight into the local property tax system can be highly beneficial.
Last Updated June 14, 2024
Maryville, 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 Maryville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maryville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maryville 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 Maryville, Minnesota
Property taxes in Maryville, Minnesota, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Maryville is 0.77%, which is lower than the U.S. national median of 0.99%. Local government entities within Maryville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maryville 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 Maryville's effective property tax rate to other counties in Minnesota and the national median. For comparison, the 37801 zip code has the highest median property tax rate of 0.77%, while the same zip code also has the lowest median tax rate of 0.77%. Understanding how these areas compare with Maryville provides valuable insights into the varying tax landscape across Douglas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Maryville Tax Rate
0.77%
Average Douglas County Tax Rate
0.86%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maryville, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37801 | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Maryville, Minnesota
In Maryville, 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 Douglas 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 Maryville, 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. The highest median tax bill in Maryville is $1,188 in the 37801 zip code, while the lowest is also $1,188 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Maryville Assessed Value
$154,300
Average Douglas County Assessed Value
$264,900
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Maryville, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37801 | $154,300 | $154,300 | $154,300 | $154,300 | $154,300 |
Source: Ownwell
Property Tax Bills Across Maryville, Minnesota
In Maryville, Douglas County, MN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $154,300, homeowners can expect their property tax bill to be around $1,188, regardless of whether they fall into the 25th, 75th, or 90th percentile of tax bills. This uniformity indicates a stable tax environment. Factors influencing the tax bill include the property's assessed value, which reflects market trends and any improvements made to the home. Additionally, local government budgets and school funding needs can affect the tax rate. For homeowners, this means that while the assessed value of their property may fluctuate, the tax rate provides a predictable element in their financial planning. Compared to the national median property tax rate of 0.99%, Maryville's tax rate offers a competitive and consistent landscape for property owners.
Average Maryville Tax Bill
$1,188
Average Douglas County Tax Bill
$2,330
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Maryville, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37801 | $1,188 | $1,188 | $1,188 | $1,188 | $1,188 |
Source: Ownwell