Mille Lacs County Property Taxes
The median property tax rate in Mille Lacs County is 1.02%, which is slightly higher than the national median of 0.99% but lower than the Minnesota state median of 1.11%. With a median home value of $240,400 in Mille Lacs County, the typical annual property tax bill is approximately $2,562, just below the national median of $2,690. Property taxes in Mille Lacs County are calculated based on the assessed value, which often falls below the actual market value due to various property tax exemptions such as primary residence and agricultural exemptions. Understanding Mille Lacs County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Milaca or another part of Mille Lacs County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mille Lacs 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 Mille Lacs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Mille Lacs with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Mille Lacs 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 Mille Lacs County, Minnesota
Property taxes in Mille Lacs County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Mille Lacs County is 1.02%, which is higher than the U.S. national median of 0.99%. Local government entities within Mille Lacs County set these rates annually, and they can vary significantly between different areas within the county. Each year, Mille Lacs 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. The following data compares Mille Lacs County's effective property tax rate with other counties in Minnesota and the national median. For comparison, the city of Princeton has one of the higher property tax rates in Minnesota at 1.15%, while the city of Foley boasts one of the lowest at 0.90%. Analyzing how Mille Lacs County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Mille Lacs County Tax Rate
1.02%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mille Lacs County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bock | 0.85% | 0.94% | 1.02% | 1.19% | 1.33% |
| Foley | 0.82% | 0.86% | 0.90% | 0.92% | 0.93% |
| Foreston | 0.61% | 0.83% | 0.95% | 1.14% | 1.23% |
| Garrison | 0.82% | 0.98% | 1.05% | 1.10% | 1.19% |
| Hillman | 0.82% | 0.89% | 0.94% | 0.99% | 1.07% |
| Isle | 0.76% | 0.92% | 0.99% | 1.25% | 1.40% |
| Milaca | 0.68% | 0.88% | 1.04% | 1.22% | 1.32% |
| Mora | 0.89% | 0.96% | 1.01% | 1.08% | 1.21% |
| Oak Park | 0.64% | 0.85% | 0.98% | 1.04% | 1.09% |
| Ogilvie | 0.63% | 0.82% | 1.02% | 1.16% | 1.28% |
| Onamia | 0.63% | 0.78% | 0.91% | 0.98% | 1.23% |
| Pease | 0.88% | 0.96% | 1.04% | 1.10% | 1.15% |
| Princeton | 0.87% | 1.02% | 1.15% | 1.40% | 1.45% |
| Wahkon | 0.75% | 0.89% | 0.96% | 1.16% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Mille Lacs County, Minnesota
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Mille Lacs County. 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 Mille Lacs 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 Mille Lacs 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. For instance, the highest median tax bill in the county is in Mora, at $3,324, while the lowest is in Foley, at $493. 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 Mille Lacs 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 Mille Lacs County, Minnesota
Source: Ownwell
$58,300
$184,425
$310,550
Average Mille Lacs County Assessed Value
$240,400
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mille Lacs County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bock | $47,010 | $104,175 | $135,850 | $173,650 | $226,740 |
| Foley | $41,830 | $46,825 | $58,300 | $105,150 | $173,820 |
| Foreston | $135,720 | $196,700 | $285,850 | $376,725 | $488,220 |
| Garrison | $13,480 | $23,475 | $77,800 | $228,900 | $399,740 |
| Hillman | $116,750 | $152,825 | $196,600 | $361,375 | $439,120 |
| Isle | $63,400 | $135,200 | $232,000 | $345,300 | $465,200 |
| Milaca | $117,080 | $181,150 | $259,300 | $364,200 | $469,720 |
| Mora | $160,820 | $222,800 | $272,500 | $330,000 | $372,060 |
| Oak Park | $177,480 | $233,725 | $310,550 | $413,500 | $563,680 |
| Ogilvie | $67,700 | $160,600 | $240,350 | $336,150 | $429,110 |
| Onamia | $59,500 | $130,600 | $222,650 | $330,150 | $448,210 |
| Pease | $116,740 | $142,850 | $176,100 | $226,400 | $237,990 |
| Princeton | $146,240 | $205,925 | $255,750 | $333,700 | $444,270 |
| Wahkon | $43,220 | $94,500 | $206,300 | $335,800 | $458,860 |
Source: Ownwell
Property Tax Bills Across Mille Lacs County, Minnesota
In Mille Lacs County, MN, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in the county is $240,400, and homeowners can expect their tax bill to vary significantly depending on their property's assessed value. The tax bill at the 25th percentile is $1,464, while at the 75th percentile, it rises to $3,530. For those at the 90th percentile, the tax bill can reach up to $4,600. Factors such as property location, market conditions, and any applicable exemptions or deductions play a crucial role in determining the final tax amount. For instance, the highest median tax bill in the county is found in Mora at $3,324, whereas Foley has the lowest median tax bill at $493. These variations highlight how local factors can significantly impact property tax bills, affecting homeowners' finances and the overall affordability of living in different parts of the county.
Average Mille Lacs County Tax Bill
$2,562
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Mille Lacs County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bock | $544 | $949 | $1,514 | $1,860 | $2,680 |
| Foley | $387 | $432 | $493 | $882 | $1,516 |
| Foreston | $992 | $1,830 | $2,592 | $3,602 | $4,454 |
| Garrison | $132 | $254 | $854 | $2,332 | $4,128 |
| Hillman | $867 | $1,363 | $2,018 | $3,440 | $4,150 |
| Isle | $449 | $1,262 | $2,442 | $3,716 | $5,029 |
| Milaca | $944 | $1,862 | $2,668 | $3,570 | $4,596 |
| Mora | $1,465 | $2,144 | $3,324 | $3,528 | $4,006 |
| Oak Park | $1,267 | $2,106 | $2,785 | $3,940 | $4,918 |
| Ogilvie | $607 | $1,243 | $2,178 | $3,262 | $4,702 |
| Onamia | $431 | $1,102 | $1,940 | $2,952 | $3,984 |
| Pease | $906 | $1,361 | $1,761 | $2,212 | $2,624 |
| Princeton | $1,226 | $2,430 | $3,158 | $3,844 | $4,653 |
| Wahkon | $355 | $726 | $1,963 | $3,337 | $5,060 |
Source: Ownwell