Grand Rapids, Itasca County, Minnesota Property Taxes

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

Median GRAND RAPIDS, MN effective property tax rate: 0.99%, slightly lower than the national median of 1.02%, but lower than the MN state median of 1.11%.
Median GRAND RAPIDS, MN home value: $205,800
Median annual GRAND RAPIDS, MN tax bill: $2,064, $336 lower than the national median property tax bill of $2,400.

How are property taxes in Itasca calculated?

Property taxes in GRAND RAPIDS, MN 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 GRAND RAPIDS’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in GRAND RAPIDS, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Grand Rapids, Itasca County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.99%

Estimate Property Tax Bill

$2,037

$1,891

Ownwell’s Grand Rapids Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Grand Rapids with just two data points. By entering your property's estimated assessed value, our calculator applies Grand Rapids’ 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 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 Grand Rapids, Itasca County, Minnesota

Local government entities determine tax rates, which can vary significantly within a state. This variation arises because each county annually estimates its budget requirements for public services and divides this by the total value of all taxable property within its jurisdiction. This calculation yields the property tax rate. Although setting tax rates and budgets involves votes and legislation, this is the essence of the annual process.

In Grand Rapids, located in Itasca County, the effective property tax rate is 0.99%, which aligns with the highest and lowest median tax rates in the area. This rate is slightly below the national median property tax rate of 1.02%. The median property tax bill in Grand Rapids reflects this rate, offering residents a more favorable comparison to the national median property tax bill of $2,400. Understanding these differences is crucial for property owners considering tax appeal and exemption services. By comparing Grand Rapids’ property tax rate to those of other cities in Minnesota, as well as the state and national averages, residents can gain insight into their local tax landscape and make informed decisions about their property taxes.

Property Tax Rates Across Grand Rapids, 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 Grand Rapids Tax Rate

0.99%

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 Grand Rapids, Itasca County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55744	0.63%	0.81%	0.99%	1.26%	1.48%

Source: Ownwell

Property Tax Assessment Values Across Grand Rapids, Itasca County, Minnesota

When examining property taxes in Grand Rapids, MN, 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 appraisal district 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 Grand Rapids. For example, the median home price in Grand Rapids is $205,800, with tax bills ranging significantly across the county. 55744 has the highest median home price at $205,800.

Property Tax Assessment Values Across Grand Rapids, Itasca County, Minnesota

Source: Ownwell

$63,650

$153,175

$242,700

Median Grand Rapids Market Value

$205,800

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 Grand Rapids, Itasca County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55744	$56,900	$130,600	$205,800	$307,700	$471,700

Source: Ownwell

Property Tax Bills Across Grand Rapids, Itasca County, Minnesota

In Grand Rapids, located in Itasca County, MN, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $205,800. Property taxes are influenced by various factors including local tax rates and the assessed value, which may differ from the market value. Homeowners in Grand Rapids experience a range of tax bills, with the 25th percentile at $1,108 and the 75th percentile reaching $3,288. Some homeowners even face tax bills as high as $5,006, highlighting the variability in property taxes within the city. The highest and lowest median tax bills both stand at $2,064 in the 55744 zip code, which is slightly below the national median tax bill of $2,400. This can be burdensome for homeowners. However, Ownwell offers services to help reduce these property tax bills by appealing assessments and securing exemptions. By leveraging local expertise, homeowners can potentially lower their tax obligations, easing the financial load and ensuring fair taxation.

Property Tax Bills Across Grand Rapids, Itasca County, Minnesota

Source: Ownwell

$530

$1,327

$2,124

Median Grand Rapids Tax Bill

$2,064

Median Itasca County Tax Bill

$1,502

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Grand Rapids, Itasca County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55744	$358	$1,108	$2,064	$3,288	$5,006

Source: Ownwell