Kanabec County Property Taxes
The median property tax rate in Kanabec County is 1.11%, which aligns with the Minnesota state median but remains higher than the national median of 0.99%. With a median home value of $192,900, the typical annual property tax bill in Kanabec County amounts to $2,112, still below the national median of $2,690. Property taxes here are based on the assessed value, which is often lower than the actual market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Kanabec County's property tax system, exploring available exemptions, and identifying opportunities for tax reductions can lead to substantial annual savings. Whether you reside in Mora or other areas of Kanabec County, gaining a thorough knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kanabec 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 Kanabec County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Kanabec County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Kanabec 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 Kanabec County, Minnesota
Property taxes in Kanabec County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Kanabec County is 1.11%, which is higher than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Kanabec County set these rates annually, and they can vary significantly between different areas within the county. Each year, Kanabec 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 Ogilvie has one of the higher property tax rates in Minnesota at 1.17%, while the city of Hinckley boasts one of the lowest at 0.82%. Analyzing how Kanabec County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Kanabec County Tax Rate
1.11%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kanabec County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Braham | 0.60% | 0.75% | 0.83% | 0.94% | 1.11% |
| Brook Park | 0.75% | 0.90% | 1.03% | 1.13% | 1.22% |
| Grasston | 0.66% | 0.80% | 0.92% | 1.07% | 1.24% |
| Hinckley | 0.64% | 0.72% | 0.82% | 0.90% | 0.98% |
| Isle | 0.67% | 0.77% | 0.86% | 0.97% | 1.15% |
| Milaca | 0.47% | 0.72% | 0.88% | 0.95% | 1.09% |
| Mora | 0.86% | 1.03% | 1.16% | 1.34% | 1.52% |
| Ogilvie | 0.81% | 1.05% | 1.17% | 1.26% | 1.38% |
| Sandstone | 0.71% | 0.91% | 0.99% | 1.03% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Kanabec County, Minnesota
In Kanabec 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 Kanabec 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 Kanabec 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. For instance, the highest median tax bill in the county is $2,460 in Mora, while Isle has the lowest median tax bill at $1,277. Being aware of these valuation processes in Kanabec 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 Kanabec County, Minnesota
Source: Ownwell
$146,750
$212,175
$277,600
Average Kanabec County Assessed Value
$192,900
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kanabec County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Braham | $68,790 | $155,300 | $234,950 | $314,525 | $410,350 |
| Brook Park | $31,600 | $71,650 | $146,750 | $249,900 | $350,900 |
| Grasston | $55,260 | $102,800 | $148,600 | $241,750 | $323,080 |
| Hinckley | $55,560 | $82,550 | $176,700 | $244,050 | $347,360 |
| Isle | $29,530 | $65,700 | $165,050 | $258,200 | $385,920 |
| Milaca | $53,820 | $198,250 | $277,600 | $420,200 | $446,340 |
| Mora | $25,400 | $98,600 | $203,900 | $286,500 | $385,000 |
| Ogilvie | $30,800 | $102,900 | $190,500 | $289,700 | $382,800 |
| Sandstone | $28,680 | $93,900 | $172,400 | $242,700 | $377,340 |
Source: Ownwell
Property Tax Bills Across Kanabec County, Minnesota
In Kanabec County, MN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This value is then multiplied by the county's tax rate to determine the annual tax bill. Homeowners in Kanabec County see a wide range in their tax bills, influenced by factors such as property location, market value, and applicable exemptions. For instance, the median home price in Kanabec County is $192,900. Homeowners at the 25th percentile pay around $900 in property taxes, while those at the 75th percentile see bills closer to $3,186. At the 90th percentile, property taxes can reach up to $4,198. The highest median tax bill is found in Mora at $2,460, whereas Isle has the lowest median tax bill at $1,277. Compared to the national median property tax rate of 0.99%, Kanabec County's tax rates can significantly impact homeowners, making it crucial to understand how assessments and local tax rates influence annual obligations.
Average Kanabec County Tax Bill
$2,112
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Kanabec County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Braham | $505 | $1,175 | $1,846 | $2,710 | $3,581 |
| Brook Park | $348 | $662 | $1,432 | $2,576 | $3,697 |
| Grasston | $346 | $920 | $1,372 | $2,216 | $2,696 |
| Hinckley | $482 | $758 | $1,338 | $2,066 | $2,808 |
| Isle | $286 | $558 | $1,277 | $2,276 | $3,157 |
| Milaca | $386 | $660 | $2,290 | $2,947 | $3,968 |
| Mora | $402 | $1,156 | $2,460 | $3,440 | $4,415 |
| Ogilvie | $467 | $1,230 | $2,202 | $3,264 | $4,390 |
| Sandstone | $304 | $807 | $1,586 | $2,292 | $3,275 |
Source: Ownwell