Lake Of The Woods County, Minnesota Property Taxes

Name: Property Tax Bills Across Lake Of The Woods County, Minnesota
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Lake of the Woods County effective property tax rate: 0.75%, significantly lower than the national median of 1.02%.
Median Lake of the Woods County home value: $104,200
Median annual Lake of the Woods County tax bill: $794, $1,606 lower than the national median property tax bill of $2,400.

How are property taxes in Lake of the Woods County calculated?

Property taxes in Lake of the Woods County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Baudette or another part of Lake of the Woods County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Lake Of The Woods County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.75%

Estimate Property Tax Bill

$782

$725

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

Property Tax Rates Across Lake Of The Woods County, Minnesota

Local government entities are responsible for setting tax rates, which can significantly vary across different regions within a state. Each year, counties determine their budgetary needs to fund essential services and then calculate the property tax rate by dividing this budget by the total assessed value of all taxable properties within their jurisdiction. This process forms the basis for determining property tax rates. Although votes and legislation play a role in shaping these rates and budgets, this annual procedure is the core of how property taxes are established.

Comparing property tax rates in Lake of the Woods County to other regions in Minnesota or the national median offers insightful perspectives. Lake of the Woods County's effective property tax rate is below the national median of 1.02%. Within Minnesota, Roosevelt boasts the highest median tax rate, while Oak Island has the lowest. This variability highlights the importance of understanding local tax policies and their implications for property owners.

Property Tax Rates Across Lake Of The Woods County, Minnesota

Source: Ownwell

0.71%

0.78%

0.85%

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 Lake Of The Woods County Tax Rate

0.75%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lake Of The Woods County, Minnesota

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Angle Inlet	0.57%	0.64%	0.74%	0.79%	0.89%
Baudette	0.57%	0.67%	0.75%	0.90%	1.10%
Oak Island	0.58%	0.63%	0.71%	0.80%	1.06%
Roosevelt	0.72%	0.78%	0.85%	0.89%	1.00%
Williams	0.63%	0.71%	0.77%	0.88%	1.15%
Warroad	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Lake Of The Woods County, Minnesota

When examining property taxes in Lake of the Woods County, 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 Lake of the Woods 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 Lake of the Woods County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Lake of the Woods County.

For example, the median tax bill in Lake of the Woods County is $1,253, with tax bills ranging significantly across the county. Oak Island has the highest median home price at $190,350.

Property Tax Assessment Values Across Lake Of The Woods County, Minnesota

Source: Ownwell

$79,500

$134,925

$190,350

Median Lake Of The Woods County Market Value

$104,200

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lake Of The Woods County, Minnesota

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Angle Inlet	$12,500	$41,200	$129,000	$219,950	$329,500
Baudette	$10,340	$36,850	$109,400	$206,300	$310,300
Oak Island	$38,680	$101,000	$190,350	$287,725	$387,210
Roosevelt	$14,860	$40,500	$93,700	$139,875	$204,090
Williams	$9,000	$26,000	$79,500	$180,000	$320,580
Warroad	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Lake Of The Woods County, Minnesota

In Lake of the Woods County, MN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the tax bill. Homeowners in this county face a median property tax bill of $1,253, notably higher than the national median of $2,400. However, within the county, tax bills can vary significantly. For example, in Oak Island, the highest median tax bill reaches $1,253, while Williams has the lowest at $658. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the overall tax bill. For homeowners, understanding these factors is crucial, as they directly impact the annual financial obligation. While some residents may pay as low as $280, others may see bills as high as $2,434, underscoring the importance of being informed about property assessments and potential appeals to manage tax liabilities effectively.

Property Tax Bills Across Lake Of The Woods County, Minnesota

Source: Ownwell

$658

$956

$1,253

Median Lake Of The Woods County Tax Bill

$794

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Lake Of The Woods County, Minnesota

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Angle Inlet	$94	$274	$860	$1,604	$2,578
Baudette	$86	$270	$855	$1,642	$2,512
Oak Island	$303	$646	$1,253	$2,224	$2,875
Roosevelt	$128	$374	$771	$1,188	$1,582
Williams	$75	$254	$658	$1,370	$2,276
Warroad	N/A	N/A	N/A	N/A	N/A

Source: Ownwell