Hartland, Minnesota Property Taxes
The median property tax rate in Hartland, MN is 0.98%, slightly below the national median of 0.99% and lower than the Minnesota state median of 1.11%. With a median home value of $170,100 in Hartland, the typical annual property tax bill amounts to $1,684, which is less than the national median of $2,690. Property taxes in Hartland are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Hartland'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 Hartland or another part of Freeborn County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hartland, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$1,667
Ownwell’s Hartland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hartland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hartland 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 Hartland, Minnesota
Property taxes in Hartland, Minnesota, are crucial for funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Hartland is 0.98%, slightly below the U.S. national median of 0.99%. Local government entities within Hartland set these rates annually, and they can vary across different neighborhoods. Each year, Hartland 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 Hartland's effective property tax rate to other counties in Minnesota and the national median. For comparison, the zip code 56042 has the highest median property tax rate of 0.98%, while the same zip code also has the lowest median tax rate of 0.98%. Understanding how these cities compare with Hartland 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 Hartland Tax Rate
0.98%
Average Freeborn County Tax Rate
1.25%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hartland, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56042 | 0.40% | 0.69% | 0.98% | 1.33% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Hartland, Minnesota
In Hartland, 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 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 Hartland, 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. The median home price in Hartland is $170,100, with tax bills ranging from $1,059 at the 25th percentile to $4,614 at the 90th percentile. The highest and lowest median tax bills are both $1,684 in the 56042 zip code. 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 Hartland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hartland Assessed Value
$170,100
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 Hartland, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56042 | $42,360 | $100,525 | $170,100 | $312,600 | $829,640 |
Source: Ownwell
Property Tax Bills Across Hartland, Minnesota
In Hartland, located in Freeborn County, MN, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. The assessed value is a percentage of the market value of the home. Homeowners in Hartland see their tax bills influenced by several factors, including the property's assessed value, local tax rates, and any applicable exemptions. For example, with a median home price of $170,100, the property tax bill can vary significantly. At the 25th percentile, homeowners might pay around $1,059, while those at the 75th percentile could see bills as high as $2,737. The top 10% of property tax bills can reach up to $4,614. Comparatively, the national median property tax rate is 0.99%, highlighting how Hartland's property tax rates can impact homeowners differently depending on their property's assessed value. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan accordingly.
Average Hartland Tax Bill
$1,684
Average Freeborn County Tax Bill
$1,666
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Hartland, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56042 | $489 | $1,059 | $1,684 | $2,737 | $4,614 |
Source: Ownwell