Marshall County Property Taxes
The median property tax rate in Marshall County is 0.87%, 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 $114,600, the typical annual property tax bill in Marshall County amounts to $868, significantly below the national median of $2,690. Property taxes in this county are calculated based on the assessed value, which typically falls below the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Marshall 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 Warren or another part of Marshall County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Marshall 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 Marshall County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Marshall County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Marshall 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 Marshall County, Minnesota
Property taxes in Marshall County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Marshall County is 0.87%, which is lower than the U.S. national median of 0.99%. Local government entities within Marshall County set these rates annually, and they can vary significantly between different areas within the county. Each year, Marshall 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 Oslo has one of the higher property tax rates in Minnesota at 1.41%, while the city of Karlstad boasts one of the lowest at 0.42%. Analyzing how Marshall County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Marshall County Tax Rate
0.87%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marshall County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alvarado | 0.72% | 1.13% | 1.36% | 1.46% | 2.41% |
| Argyle | 0.48% | 0.64% | 0.86% | 1.07% | 1.60% |
| Gatzke | 0.27% | 0.48% | 0.57% | 0.68% | 0.74% |
| Goodridge | 0.39% | 0.44% | 0.80% | 1.09% | 1.15% |
| Grygla | 0.42% | 0.58% | 0.92% | 1.34% | 1.86% |
| Holt | 0.62% | 0.63% | 0.68% | 0.72% | 0.84% |
| Karlstad | 0.34% | 0.36% | 0.42% | 0.57% | 0.87% |
| Middle River | 0.37% | 0.45% | 0.68% | 1.03% | 1.20% |
| Newfolden | 0.51% | 0.73% | 0.82% | 0.94% | 1.09% |
| Oslo | 0.75% | 1.10% | 1.41% | 1.65% | 2.00% |
| Stephen | 0.50% | 0.68% | 0.80% | 0.97% | 1.07% |
| Strandquist | 0.43% | 0.53% | 0.90% | 1.74% | 3.33% |
| Strathcona | 0.24% | 0.34% | 0.39% | 0.41% | 0.49% |
| Thief River Falls | 0.39% | 0.52% | 0.63% | 0.69% | 0.77% |
| Viking | 0.43% | 0.63% | 0.75% | 1.07% | 1.33% |
| Wannaska | 0.75% | 0.75% | 0.75% | 0.75% | 0.75% |
| Warren | 0.65% | 1.03% | 1.29% | 1.67% | 2.02% |
Source: Ownwell
Property Tax Assessment Values Across Marshall County, Minnesota
In Marshall 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 Marshall 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 Marshall 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, Goodridge has the highest median tax bill at $1,514, while Karlstad has the lowest at $364. Being aware of these valuation processes in Marshall 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 Marshall County, Minnesota
Source: Ownwell
$60,200
$117,600
$175,000
Average Marshall County Assessed Value
$114,600
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Marshall County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alvarado | $6,000 | $48,900 | $112,800 | $162,300 | $220,800 |
| Argyle | $25,420 | $72,350 | $142,900 | $198,200 | $276,940 |
| Gatzke | $28,700 | $72,300 | $137,600 | $199,450 | $299,600 |
| Goodridge | $57,400 | $120,300 | $175,000 | $302,000 | $431,400 |
| Grygla | $4,300 | $21,800 | $83,100 | $137,800 | $175,220 |
| Holt | $5,180 | $12,700 | $60,200 | $92,500 | $146,200 |
| Karlstad | $26,840 | $40,700 | $92,400 | $146,250 | $177,280 |
| Middle River | $3,140 | $32,400 | $107,300 | $160,500 | $216,160 |
| Newfolden | $8,380 | $46,275 | $126,450 | $198,150 | $269,740 |
| Oslo | $7,500 | $24,800 | $99,100 | $157,800 | $188,100 |
| Stephen | $11,320 | $51,850 | $106,800 | $162,200 | $220,180 |
| Strandquist | $2,050 | $12,000 | $66,900 | $143,600 | $214,440 |
| Strathcona | $86,800 | $108,175 | $144,000 | $183,675 | $330,600 |
| Thief River Falls | $19,350 | $68,700 | $160,750 | $248,850 | $345,950 |
| Viking | $2,950 | $16,300 | $96,000 | $192,875 | $287,800 |
| Wannaska | $105,130 | $117,025 | $136,850 | $156,675 | $168,570 |
| Warren | $3,800 | $58,000 | $124,000 | $195,400 | $258,700 |
Source: Ownwell
Property Tax Bills Across Marshall County, Minnesota
In Marshall County, MN, property tax bills are calculated based on the assessed value of a home. The local tax authority evaluates properties to determine their market value, which is then multiplied by the local tax rate to calculate the annual tax bill. For instance, with a median home price of $114,600, homeowners can expect varying tax bills depending on their property's assessed value and applicable exemptions. The tax bill can significantly impact homeowners, with the 25th percentile paying around $312 annually and those in the 75th percentile facing bills up to $1,556. At the higher end, the 90th percentile tax bill reaches $2,412. Notably, the city of Goodridge has the highest median tax bill at $1,514, while Karlstad has the lowest at $364. Comparatively, Marshall County's property tax rates can be more favorable than the national median property tax rate of 0.99%, potentially offering some financial relief to homeowners in the area.
Average Marshall County Tax Bill
$868
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Marshall County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alvarado | $218 | $748 | $1,294 | $2,120 | $2,493 |
| Argyle | $209 | $576 | $1,142 | $1,596 | $2,051 |
| Gatzke | $173 | $311 | $750 | $1,057 | $1,536 |
| Goodridge | $223 | $712 | $1,514 | $1,678 | $2,470 |
| Grygla | $74 | $192 | $696 | $1,278 | $1,832 |
| Holt | $114 | $266 | $408 | $656 | $1,103 |
| Karlstad | $86 | $156 | $364 | $554 | $1,150 |
| Middle River | $30 | $216 | $540 | $990 | $1,427 |
| Newfolden | $59 | $314 | $870 | $1,615 | $2,282 |
| Oslo | $110 | $224 | $788 | $2,093 | $2,818 |
| Stephen | $84 | $355 | $852 | $1,350 | $1,916 |
| Strandquist | $71 | $164 | $434 | $931 | $1,438 |
| Strathcona | $313 | $394 | $558 | $766 | $987 |
| Thief River Falls | $180 | $372 | $902 | $1,619 | $2,205 |
| Viking | $23 | $105 | $552 | $1,362 | $1,771 |
| Wannaska | $1,316 | $1,316 | $1,316 | $1,316 | $1,316 |
| Warren | $61 | $522 | $1,290 | $2,290 | $3,640 |
Source: Ownwell