Hubbard County Property Taxes
The median property tax rate in Hubbard County is 0.75%, which is significantly lower than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Hubbard County at $236,000, the typical annual property tax bill is approximately $1,832, well below the national median of $2,690. Property taxes in Hubbard County are calculated based on the tax assessed value, which is often less than the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Hubbard County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Park Rapids or another part of Hubbard County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hubbard County 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 Hubbard County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Hubbard County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Hubbard County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Hubbard County, Minnesota
Property taxes in Hubbard County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Hubbard County is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Hubbard County set these rates annually, and they can vary significantly between different areas within the county. Each year, Hubbard County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Cass Lake has one of the higher property tax rates in Minnesota at 0.96%, while the city of Backus boasts one of the lowest at 0.60%. Analyzing how Hubbard County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Hubbard County Tax Rate
0.75%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hubbard County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Akeley | 0.63% | 0.69% | 0.78% | 0.97% | 1.25% |
| Backus | 0.37% | 0.53% | 0.60% | 0.75% | 0.92% |
| Bemidji | 0.63% | 0.75% | 0.78% | 0.81% | 0.93% |
| Cass Lake | 0.73% | 0.92% | 0.96% | 1.01% | 1.26% |
| Lake George | 0.69% | 0.75% | 0.77% | 0.84% | 0.90% |
| Laporte | 0.59% | 0.69% | 0.76% | 0.79% | 0.90% |
| Menahga | 0.56% | 0.63% | 0.70% | 0.74% | 0.80% |
| Nevis | 0.60% | 0.67% | 0.71% | 0.75% | 0.92% |
| Park Rapids | 0.65% | 0.71% | 0.75% | 0.88% | 1.26% |
| Shevlin | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% |
| Solway | 0.55% | 0.67% | 0.75% | 0.81% | 0.90% |
| Walker | 0.56% | 0.59% | 0.63% | 0.69% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Hubbard County, Minnesota
In Hubbard County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Hubbard County Appraisal District. The assessed value, however, 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. Assessment notices in Hubbard County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Hubbard County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Hubbard County, the cities with the highest and lowest median tax bills are Shevlin at $4,068 and Backus at $898, respectively.
Property Tax Assessment Values Across Hubbard County, Minnesota
Source: Ownwell
$141,500
$367,200
$592,900
Average Hubbard County Assessed Value
$236,000
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hubbard County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Akeley | $47,220 | $99,900 | $193,000 | $301,700 | $417,040 |
| Backus | $77,440 | $103,500 | $141,500 | $255,800 | $397,100 |
| Bemidji | $74,550 | $176,650 | $269,850 | $376,575 | $470,500 |
| Cass Lake | $27,940 | $69,500 | $156,200 | $275,700 | $355,220 |
| Lake George | $59,970 | $121,125 | $187,350 | $273,175 | $391,640 |
| Laporte | $64,580 | $135,000 | $234,700 | $356,700 | $513,700 |
| Menahga | $61,120 | $133,650 | $217,100 | $320,600 | $414,440 |
| Nevis | $81,100 | $154,550 | $272,500 | $403,350 | $538,700 |
| Park Rapids | $72,800 | $142,800 | $239,050 | $379,000 | $575,450 |
| Shevlin | $592,900 | $592,900 | $592,900 | $592,900 | $592,900 |
| Solway | $60,400 | $101,500 | $173,500 | $247,900 | $329,880 |
| Walker | $116,850 | $187,250 | $283,800 | $589,825 | $827,450 |
Source: Ownwell
Property Tax Bills Across Hubbard County, Minnesota
In Hubbard County, MN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The tax rate is applied to this assessed value to determine the annual tax bill. Various factors influence the assessed value, including the property's market value, location, and any improvements made. For example, the median home price in Hubbard County is $236,000. Homeowners in this county experience a range of tax bills. At the 25th percentile, the tax bill is $1,090, while at the 75th percentile, it rises to $2,784. Those in the 90th percentile can expect to pay around $3,944. The highest median tax bill in the county is found in Shevlin at $4,068, while Backus has the lowest at $898. These tax bills significantly impact homeowners, influencing their overall cost of living and financial planning. With the national median property tax rate at 0.99%, understanding local property tax calculations is crucial for homeowners in Hubbard County.
Average Hubbard County Tax Bill
$1,832
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Hubbard County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Akeley | $416 | $853 | $1,488 | $2,274 | $3,182 |
| Backus | $545 | $716 | $898 | $1,304 | $1,389 |
| Bemidji | $618 | $1,271 | $2,034 | $2,914 | $3,763 |
| Cass Lake | $231 | $620 | $1,428 | $2,560 | $3,379 |
| Lake George | $467 | $938 | $1,458 | $2,094 | $3,018 |
| Laporte | $476 | $951 | $1,698 | $2,618 | $3,822 |
| Menahga | $418 | $864 | $1,500 | $2,162 | $2,722 |
| Nevis | $576 | $1,192 | $1,972 | $2,846 | $3,834 |
| Park Rapids | $552 | $1,222 | $1,994 | $3,022 | $4,555 |
| Shevlin | $4,068 | $4,068 | $4,068 | $4,068 | $4,068 |
| Solway | $448 | $730 | $1,158 | $1,692 | $2,299 |
| Walker | $703 | $1,134 | $1,938 | $3,855 | $5,560 |
Source: Ownwell