Itasca County, Minnesota Property Taxes

Name: Property Tax Bills Across Itasca County, Minnesota
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Itasca County effective property tax rate: 0.93%, significantly lower than the national median of 1.02%.
Median Itasca County home value: $169,300
Median annual Itasca County tax bill: $1,502, $898 lower than the national median property tax bill of $2,400.

How are property taxes in Itasca County calculated?

Property taxes in Itasca 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 Rapids or another part of Itasca County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Itasca County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.93%

Estimate Property Tax Bill

$1,574

$1,461

Ownwell’s Itasca County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Itasca County with just two data points. By entering your property's estimated assessed value, our calculator applies Itasca County’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Itasca County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Itasca County, Minnesota

Local government entities set tax rates, which can vary widely within a state. Each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell. In Itasca County, Minnesota, the effective property tax rate is 0.93%, which is below the national median rate of 1.02%. This makes Itasca County an attractive option for property owners seeking lower tax rates. Within Minnesota, the highest median tax rate is found in Calumet at 1.45%, while Wawina boasts the lowest at 0.58%. By comparison, the national median property tax bill is $2,400, which provides a benchmark for evaluating local tax obligations. Understanding these variations can help property owners make informed decisions about where to live or invest.

Property Tax Rates Across Itasca County, Minnesota

Source: Ownwell

0.58%

1.01%

1.45%

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 Itasca County Tax Rate

0.93%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Itasca County, Minnesota

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Bigfork	0.70%	0.91%	0.99%	1.03%	1.12%
Blackduck	0.35%	0.51%	0.82%	0.90%	0.94%
Bovey	0.56%	0.78%	0.88%	1.03%	1.34%
Bowstring	N/A	N/A	N/A	N/A	N/A
Calumet	0.66%	0.93%	1.45%	2.16%	2.23%
Cohasset	0.56%	0.79%	0.94%	1.10%	1.15%
Coleraine	0.63%	0.84%	1.02%	1.24%	1.36%
Cook	0.48%	0.79%	0.93%	1.01%	1.03%
Deer River	0.43%	0.70%	0.86%	0.93%	1.07%
Eden Prairie	N/A	N/A	N/A	N/A	N/A
Effie	0.48%	0.80%	0.95%	1.02%	1.11%
Floodwood	0.48%	0.85%	0.87%	0.90%	0.92%
Gheen	N/A	N/A	N/A	N/A	N/A
Goodland	0.48%	0.81%	0.99%	1.07%	1.13%
Grand Rapids	0.63%	0.81%	0.99%	1.26%	1.48%
Hibbing	0.85%	1.01%	1.06%	1.09%	1.17%
Hill City	0.31%	0.57%	0.76%	0.89%	0.99%
Jacobson	0.37%	0.50%	0.74%	0.83%	0.88%
Keewatin	0.63%	0.83%	1.13%	2.03%	2.18%
Marble	0.53%	0.76%	1.00%	1.31%	1.64%
Marcell	0.78%	0.89%	0.97%	1.00%	1.03%
Max	0.41%	0.76%	0.85%	0.94%	1.00%
Nashwauk	0.58%	0.82%	0.99%	1.05%	1.53%
Newport	N/A	N/A	N/A	N/A	N/A
Northome	0.43%	0.72%	0.87%	0.90%	0.93%
Pengilly	0.57%	0.79%	0.91%	1.03%	1.15%
Side Lake	0.65%	0.74%	0.81%	0.82%	0.83%
Spring Lake	0.56%	0.79%	0.85%	0.93%	0.99%
Squaw Lake	0.50%	0.76%	0.85%	0.92%	1.07%
Swan River	0.36%	0.58%	0.76%	0.86%	0.90%
Taconite	0.52%	0.76%	0.94%	1.21%	1.38%
Talmoon	0.50%	0.73%	0.88%	0.94%	0.96%
Warba	0.40%	0.66%	0.82%	0.94%	1.04%
Wawina	0.20%	0.35%	0.58%	0.83%	0.92%
Wirt	0.42%	0.78%	0.93%	1.01%	1.05%

Source: Ownwell

Property Tax Assessment Values Across Itasca County, Minnesota

When examining property taxes in Itasca 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 Itasca County Assessor's Office 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.

In Itasca 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 Itasca County. For example, the median tax bill in Itasca County is $2,124, with tax bills ranging significantly across the county. Cohasset has the highest median home price at $242,700.

Property Tax Assessment Values Across Itasca County, Minnesota

Source: Ownwell

$63,650

$153,175

$242,700

Median Itasca County Market Value

$169,300

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Itasca County, Minnesota

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Bigfork	$42,160	$85,550	$162,500	$263,300	$391,040
Blackduck	$33,990	$57,925	$91,750	$158,275	$223,640
Bovey	$49,890	$93,175	$173,750	$270,725	$385,000
Bowstring	N/A	N/A	N/A	N/A	N/A
Calumet	$12,020	$34,200	$66,900	$92,450	$126,580
Cohasset	$68,120	$143,700	$242,700	$400,500	$626,120
Coleraine	$78,830	$107,000	$144,650	$204,125	$330,000
Cook	$24,440	$48,700	$85,400	$133,500	$210,840
Deer River	$30,600	$78,600	$156,500	$275,300	$434,960
Eden Prairie	N/A	N/A	N/A	N/A	N/A
Effie	$35,560	$63,750	$113,400	$194,250	$276,700
Floodwood	$38,760	$55,800	$68,100	$83,500	$142,000
Gheen	N/A	N/A	N/A	N/A	N/A
Goodland	$52,060	$87,100	$144,650	$228,125	$309,370
Grand Rapids	$56,900	$130,600	$205,800	$307,700	$471,700
Hibbing	$35,000	$52,800	$103,700	$205,400	$319,200
Hill City	$61,190	$102,950	$173,950	$219,725	$288,290
Jacobson	$67,020	$85,500	$130,900	$258,800	$288,920
Keewatin	$14,040	$40,975	$63,650	$87,425	$114,700
Marble	$34,900	$71,725	$97,150	$127,775	$161,570
Marcell	$54,450	$101,100	$182,900	$324,350	$473,570
Max	$44,640	$75,200	$157,900	$268,100	$446,520
Nashwauk	$38,130	$68,650	$126,750	$222,025	$308,540
Newport	N/A	N/A	N/A	N/A	N/A
Northome	$36,990	$69,175	$134,050	$226,275	$319,520
Pengilly	$41,450	$99,850	$167,150	$252,325	$360,790
Side Lake	$45,290	$118,450	$193,350	$284,075	$396,180
Spring Lake	$14,040	$72,300	$164,000	$313,150	$480,500
Squaw Lake	$28,720	$63,650	$112,500	$196,600	$270,440
Swan River	$37,580	$58,000	$131,300	$211,400	$320,980
Taconite	$17,780	$71,300	$118,600	$162,950	$199,320
Talmoon	$45,580	$75,975	$142,150	$217,750	$284,120
Warba	$36,400	$74,000	$145,100	$229,300	$336,800
Wawina	$53,790	$72,975	$130,850	$162,000	$183,400
Wirt	$23,680	$47,750	$84,400	$147,275	$254,640

Source: Ownwell

Property Tax Bills Across Itasca County, Minnesota

In Itasca County, MN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Homeowners in Itasca County experience a range of tax bills, with the 25th percentile at $700 and the 75th percentile reaching $2,630, reflecting the diversity in property values and tax burdens. The 90th percentile tax bill soars to $4,178, indicating that higher-valued properties face significantly larger tax obligations. Compared to the national median property tax bill of $2,400, Itasca County's tax bills can be both lower and higher, depending on the property value. In cities such as Cohasset, homeowners face the highest median tax bill of $2,124, while in Floodwood, the median tax bill is as low as $530. These variations impact homeowners by influencing their overall housing costs and financial planning, underscoring the importance of understanding local tax rates and assessments.

Property Tax Bills Across Itasca County, Minnesota

Source: Ownwell

$530

$1,327

$2,124

Median Itasca County Tax Bill

$1,502

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Itasca County, Minnesota

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Bigfork	$341	$742	$1,484	$2,517	$3,797
Blackduck	$167	$358	$617	$1,056	$1,566
Bovey	$356	$754	$1,527	$2,504	$3,629
Bowstring	N/A	N/A	N/A	N/A	N/A
Calumet	$150	$405	$896	$1,444	$1,945
Cohasset	$400	$1,056	$2,124	$3,886	$6,507
Coleraine	$483	$892	$1,411	$2,258	$4,064
Cook	$170	$348	$698	$1,120	$1,752
Deer River	$198	$554	$1,212	$2,318	$3,854
Eden Prairie	N/A	N/A	N/A	N/A	N/A
Effie	$270	$510	$950	$1,616	$2,515
Floodwood	$293	$470	$530	$640	$801
Gheen	N/A	N/A	N/A	N/A	N/A
Goodland	$356	$658	$1,184	$2,120	$2,924
Grand Rapids	$358	$1,108	$2,064	$3,288	$5,006
Hibbing	$334	$556	$1,099	$1,888	$3,104
Hill City	$240	$559	$1,138	$1,732	$2,562
Jacobson	$317	$580	$870	$1,481	$2,090
Keewatin	$132	$342	$674	$1,142	$1,667
Marble	$261	$539	$968	$1,396	$1,987
Marcell	$498	$926	$1,636	$2,980	$4,472
Max	$266	$590	$1,172	$2,286	$3,524
Nashwauk	$258	$594	$1,164	$2,054	$3,162
Newport	N/A	N/A	N/A	N/A	N/A
Northome	$230	$478	$1,014	$1,750	$2,620
Pengilly	$254	$710	$1,417	$2,312	$3,490
Side Lake	$352	$906	$1,413	$2,183	$2,986
Spring Lake	$133	$489	$1,370	$2,568	$3,749
Squaw Lake	$214	$436	$890	$1,572	$2,290
Swan River	$192	$440	$820	$1,368	$2,402
Taconite	$188	$445	$1,009	$1,518	$2,002
Talmoon	$236	$560	$1,084	$1,758	$2,508
Warba	$216	$480	$1,048	$1,828	$2,810
Wawina	$157	$293	$645	$884	$1,667
Wirt	$169	$369	$659	$1,110	$2,146

Source: Ownwell