Conger, Minnesota Property Taxes
The median property tax rate in Conger, MN is 1.90%, considerably higher than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Conger at $69,200, the typical annual property tax bill reaches $1,112, exceeding the national median of $2,690. Property taxes in Conger 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 Conger'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 Conger 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
Conger, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.9%
Estimate Property Tax Bill
$1,315
Ownwell’s Conger Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Conger with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Conger 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 Conger, Minnesota
Property taxes in Conger, Minnesota, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Conger is 1.90%, significantly higher than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Conger set these rates annually, and they can vary across different neighborhoods. Each year, Conger 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 Conger's effective property tax rate to other counties in Minnesota and the national median. For comparison, the zip code 56020 has both the highest and lowest median property tax rate of 1.90%. Understanding how these areas compare with Conger provides valuable insights into the varying tax landscape across Freeborn County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Conger Tax Rate
1.90%
Average Freeborn County Tax Rate
1.25%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Conger, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56020 | 1.42% | 1.61% | 1.90% | 2.01% | 2.40% |
Source: Ownwell
Property Tax Assessment Values Across Conger, Minnesota
In Conger, 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 Freeborn County Assessor 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 Conger, 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 Conger helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Conger are both $1,112, found in the zip code 56020.
Average Conger Assessed Value
$69,200
Average Freeborn County Assessed Value
$133,500
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Conger, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56020 | $5,800 | $22,500 | $69,200 | $105,400 | $125,480 |
Source: Ownwell
Property Tax Bills Across Conger, Minnesota
In Conger, located in Freeborn County, MN, property tax bills are calculated based on the assessed value of a property. The local tax assessor determines this value, which is then used to calculate the tax bill. Several factors influence the assessed value, including the property's size, location, and market conditions. Once the assessed value is established, local tax rates, determined by various taxing authorities such as the county, school district, and city, are applied. Homeowners in Conger can expect a range of property tax bills. For instance, the 25th percentile tax bill is around $492, while the 75th percentile reaches up to $1,870. The 90th percentile tax bill can be as high as $2,260. These figures indicate that property taxes can significantly impact a homeowner's annual expenses. Compared to the national median property tax rate of 0.99%, Conger's property tax rates can vary widely, affecting homeowners differently depending on their property's assessed value and specific location within the county.
Average Conger Tax Bill
$1,112
Average Freeborn County Tax Bill
$1,666
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Conger, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56020 | $118 | $492 | $1,112 | $1,870 | $2,260 |
Source: Ownwell