Itasca County Property Taxes
The median property tax rate in Itasca County is 0.93%, which is slightly below both the national median of 0.99% and the Minnesota state median of 1.11%. With a median home value of $169,300 in Itasca County, the typical annual property tax bill amounts to $1,502, considerably less than the national median of $2,690. Property taxes in Itasca County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Itasca 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 Grand Rapids or another part of Itasca County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Itasca 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 Itasca County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Itasca County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Itasca 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's 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 Itasca County, Minnesota
Property taxes in Itasca County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Itasca County is 0.93%, which is lower than the U.S. national median of 0.99%. Local government entities within Itasca County set these rates annually, and they can vary significantly between different areas within the county. Each year, Itasca 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. The following data compares Itasca County's effective property tax rate with other regions and the national median. For comparison, the city of Calumet has one of the higher property tax rates in Minnesota at 1.45%, while the city of Wawina boasts one of the lowest at 0.58%. Analyzing how Itasca County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Itasca County Tax Rate
0.93%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
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 | 0.84% | 0.84% | 0.84% | 0.84% | 0.84% |
| 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 | 1.35% | 1.35% | 1.35% | 1.35% | 1.35% |
| Effie | 0.48% | 0.80% | 0.95% | 1.02% | 1.11% |
| Floodwood | 0.48% | 0.85% | 0.87% | 0.90% | 0.92% |
| Gheen | 0.16% | 0.16% | 0.16% | 0.16% | 0.16% |
| 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 | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% |
| 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
In Itasca 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 Itasca 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 Itasca 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. Eden Prairie has the highest median tax bill at $2,880, while Gheen has the lowest at $184. Being aware of these valuation processes in Itasca County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Itasca County, Minnesota
Source: Ownwell
$33,400
$138,050
$242,700
Average Itasca County Assessed Value
$169,300
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
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 | $198,700 | $198,700 | $198,700 | $198,700 | $198,700 |
| 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 | $212,700 | $212,700 | $212,700 | $212,700 | $212,700 |
| Effie | $35,560 | $63,750 | $113,400 | $194,250 | $276,700 |
| Floodwood | $38,760 | $55,800 | $68,100 | $83,500 | $142,000 |
| Gheen | $116,400 | $116,400 | $116,400 | $116,400 | $116,400 |
| 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 | $33,400 | $33,400 | $33,400 | $33,400 | $33,400 |
| 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 the local assessor. The tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including the home's market value, location, size, and any improvements made to the property. For homeowners, this means that fluctuations in the housing market or changes to their property can significantly impact their tax bills. In Itasca County, the median home price is $169,300, and property tax bills can vary widely. At the 25th percentile, homeowners might pay around $700 annually, while those at the 75th percentile could see bills as high as $2,630. At the 90th percentile, tax bills can reach up to $4,178. Comparatively, the highest median tax bill in Eden Prairie is $2,880, while the lowest in Gheen is just $184. Understanding these factors can help homeowners better anticipate and manage their property tax obligations.
Average Itasca County Tax Bill
$1,502
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
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 | $1,670 | $1,670 | $1,670 | $1,670 | $1,670 |
| 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 | $2,880 | $2,880 | $2,880 | $2,880 | $2,880 |
| Effie | $270 | $510 | $950 | $1,616 | $2,515 |
| Floodwood | $293 | $470 | $530 | $640 | $801 |
| Gheen | $184 | $184 | $184 | $184 | $184 |
| 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 | $328 | $328 | $328 | $328 | $328 |
| 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