Mora, Kanabec County, Minnesota Property Taxes

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

Median Mora, MN effective property tax rate: 1.16%, significantly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Mora, MN home value: $203,900
Median annual Mora, MN tax bill: $2,460, $60 higher than the national median property tax bill of $2,400.

How are property taxes in Kanabec County calculated?

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

Last Updated March 1, 2025

Mora, Kanabec County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.16%

Estimate Property Tax Bill

$2,365

$2,195

Ownwell’s Mora Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mora with just two data points. By entering your property's estimated assessed value, our calculator applies Mora’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 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 Kanabec County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Mora, Kanabec County, Minnesota

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In Mora, located in Kanabec County, Minnesota, the effective property tax rate is 1.16%. This rate is slightly above the national median property tax rate of 1.02%. The property tax rate in Mora is consistent with the highest and lowest rates in the area, reflecting a uniform approach to tax assessments within the zip code 55051. When compared to the national median property tax bill of $2,400, Mora's property tax rate indicates a slightly higher local tax burden.

Understanding how Mora's property tax rate compares to other cities in Minnesota and the national median can help homeowners make informed decisions about property investments and financial planning.

Property Tax Rates Across Mora, Kanabec County, Minnesota

Source: Ownwell

0.82%

0.99%

1.17%

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 Mora Tax Rate

1.16%

Median Effective Kanabec County Tax Rate

1.11%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mora, Kanabec County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55051	0.86%	1.03%	1.16%	1.34%	1.52%

Source: Ownwell

Property Tax Assessment Values Across Mora, Kanabec County, Minnesota

When examining property taxes in Mora, 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 Kanabec 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. Assessment notices: In Kanabec 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 Mora. For example, the median home price in Mora is $203,900, with tax bills ranging significantly across the county. 55051 has the highest median home price at $203,900.

Property Tax Assessment Values Across Mora, Kanabec County, Minnesota

Source: Ownwell

$146,750

$212,175

$277,600

Median Mora Market Value

$203,900

Median Kanabec County Market Value

$192,900

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mora, Kanabec County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55051	$25,400	$98,600	$203,900	$286,500	$385,000

Source: Ownwell

Property Tax Bills Across Mora, Kanabec County, Minnesota

In Mora, located in Kanabec County, MN, property tax bills are calculated based on the assessed value of a home. The local government assesses properties to determine their taxable value, which is then multiplied by the tax rate to calculate the tax bill. With a median home price of $203,900, homeowners in Mora face a range of tax bills. For instance, those in the 25th percentile pay around $1,156, while those in the 75th percentile see bills as high as $3,440. The tax bill can reach up to $4,415 for properties in the 90th percentile. The median tax bill in Mora is $2,460, slightly above the national median of $2,400. This financial obligation can be a significant burden for homeowners. However, Ownwell offers property tax appeal and exemption services that can help reduce these costs. By analyzing property assessments and identifying discrepancies, Ownwell assists homeowners in potentially lowering their tax bills, providing much-needed financial relief.

Property Tax Bills Across Mora, Kanabec County, Minnesota

Source: Ownwell

$1,277

$1,869

$2,460

Median Mora Tax Bill

$2,460

Median Kanabec County Tax Bill

$2,112

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Mora, Kanabec County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55051	$402	$1,156	$2,460	$3,440	$4,415

Source: Ownwell