Koochiching County Property Taxes
The median property tax rate in Koochiching County is 0.72%, which is lower than both the national median of 0.99% and the Minnesota state median of 1.11%. With a median home value of $92,700 in Koochiching County, the typical annual property tax bill is $689, significantly below the national median of $2,690. Property taxes in Koochiching County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Koochiching County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you live in International Falls or another part of Koochiching County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Koochiching 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 Koochiching County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Koochiching County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Koochiching 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 Koochiching County, Minnesota
Property taxes in Koochiching County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Koochiching County is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within Koochiching County set these rates annually, and they can vary significantly between different areas within the county. Each year, Koochiching 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 Ranier has one of the higher property tax rates in the region at 0.93%, while the city of Baudette boasts one of the lowest at 0.51%. Analyzing how Koochiching County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Koochiching County Tax Rate
0.72%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Koochiching County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Baudette | 0.31% | 0.44% | 0.51% | 0.59% | 0.65% |
| Big Falls | 0.57% | 0.71% | 0.90% | 1.17% | 1.42% |
| Effie | 0.55% | 0.55% | 0.71% | 0.82% | 0.82% |
| Gheen | N/A | N/A | N/A | N/A | N/A |
| International Falls | 0.45% | 0.54% | 0.84% | 1.10% | 1.35% |
| Kabetogama | 0.39% | 0.58% | 0.65% | 0.71% | 0.78% |
| Littlefork | 0.39% | 0.54% | 0.69% | 0.99% | 1.43% |
| Loman | 0.42% | 0.51% | 0.58% | 0.64% | 0.69% |
| Mizpah | 0.37% | 0.47% | 0.54% | 0.63% | 0.79% |
| Northome | 0.39% | 0.50% | 0.60% | 0.75% | 0.96% |
| Orr | 0.47% | 0.51% | 0.54% | 0.57% | 0.61% |
| Ranier | 0.68% | 0.82% | 0.93% | 1.19% | 1.23% |
| Ray | 0.61% | 0.67% | 0.72% | 0.74% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Koochiching County, Minnesota
In Koochiching 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 Koochiching 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 Koochiching 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. Being aware of these valuation processes in Koochiching County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Koochiching County, the median home price is $92,700, with the highest median tax bill in Ranier at $883 and the lowest in Orr at $208.
Property Tax Assessment Values Across Koochiching County, Minnesota
Source: Ownwell
$42,200
$118,950
$195,700
Average Koochiching County Assessed Value
$92,700
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Koochiching County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Baudette | $36,700 | $60,700 | $102,200 | $174,600 | $230,760 |
| Big Falls | $7,280 | $19,150 | $43,100 | $69,150 | $106,130 |
| Effie | $14,780 | $32,250 | $69,800 | $96,450 | $132,260 |
| Gheen | N/A | N/A | N/A | N/A | N/A |
| International Falls | $28,560 | $52,000 | $103,300 | $195,600 | $362,300 |
| Kabetogama | $22,740 | $40,725 | $75,700 | $128,125 | $181,760 |
| Littlefork | $29,400 | $52,000 | $90,500 | $155,800 | $229,900 |
| Loman | $30,100 | $55,950 | $89,800 | $141,500 | $192,300 |
| Mizpah | $22,300 | $52,700 | $88,700 | $131,000 | $189,400 |
| Northome | $34,680 | $59,600 | $97,900 | $146,800 | $204,720 |
| Orr | $21,540 | $28,600 | $42,200 | $85,700 | $117,140 |
| Ranier | $35,680 | $61,900 | $93,700 | $128,450 | $290,240 |
| Ray | $14,750 | $23,525 | $51,450 | $90,275 | $118,670 |
Source: Ownwell
Property Tax Bills Across Koochiching County, Minnesota
In Koochiching County, MN, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This value is then multiplied by the local tax rate to arrive at the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. For example, the median home price in Koochiching County is $92,700, which serves as a baseline for many homeowners. Property tax bills in the county vary significantly, with the 25th percentile tax bill at $402 and the 75th percentile at $1,192. At the higher end, the 90th percentile tax bill reaches $2,020. These variations reflect differences in property values and specific local tax rates. Homeowners in Ranier face the highest median tax bill at $883, while those in Orr experience the lowest at $208. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Koochiching County Tax Bill
$689
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Koochiching County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Baudette | $190 | $308 | $474 | $795 | $1,113 |
| Big Falls | $61 | $190 | $356 | $582 | $947 |
| Effie | $119 | $207 | $386 | $584 | $783 |
| Gheen | N/A | N/A | N/A | N/A | N/A |
| International Falls | $292 | $501 | $820 | $1,442 | $2,352 |
| Kabetogama | $144 | $238 | $447 | $758 | $1,117 |
| Littlefork | $232 | $371 | $650 | $1,037 | $1,524 |
| Loman | $178 | $306 | $465 | $716 | $1,016 |
| Mizpah | $108 | $253 | $434 | $703 | $1,042 |
| Northome | $205 | $369 | $538 | $820 | $1,172 |
| Orr | $107 | $148 | $208 | $456 | $579 |
| Ranier | $279 | $544 | $883 | $1,308 | $2,092 |
| Ray | $106 | $165 | $311 | $575 | $847 |
Source: Ownwell
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