Garrison, Mille Lacs County, Minnesota Property Taxes

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

Median Garrison, MN effective property tax rate: 1.05%, slightly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Garrison, MN home value: $77,800
Median annual Garrison, MN tax bill: $854, $1,546 lower than the national median property tax bill of $2,400.

How are property taxes in Mille Lacs County calculated?

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

Last Updated March 1, 2025

Garrison, Mille Lacs County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.05%

Estimate Property Tax Bill

$817

$758

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

Property Tax Rates Across Garrison, Mille Lacs County, Minnesota

Local government entities set tax rates, which can vary widely within a state. 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. Below, you can compare Garrison’s effective property tax rate to other cities in Minnesota and the median property tax rates in Minnesota and the U.S.

In Garrison, located in Mille Lacs County, the property tax rate stands at 1.05%, which is slightly above the national median of 1.02%. This means property owners in Garrison might pay a bit more in property taxes compared to the average American homeowner. However, it's important to note that this rate aligns with the state median, reflecting a balanced approach to funding local services. Whether you're a homeowner or considering purchasing property in Garrison, understanding these rates can help you make informed financial decisions.

Property Tax Rates Across Garrison, Mille Lacs County, Minnesota

Source: Ownwell

0.91%

1.03%

1.15%

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 Garrison Tax Rate

1.05%

Median Effective Mille Lacs County Tax Rate

1.02%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Garrison, Mille Lacs County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
56450	0.82%	0.98%	1.05%	1.10%	1.19%

Source: Ownwell

Property Tax Assessment Values Across Garrison, Mille Lacs County, Minnesota

When examining property taxes in Garrison, 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 Mille Lacs County appraisal district 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.

In Mille Lacs 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 Garrison.

For example, the median home price in Garrison is $77,800, with tax bills ranging significantly across the county. 56450 has the highest median home price at $77,800.

Property Tax Assessment Values Across Garrison, Mille Lacs County, Minnesota

Source: Ownwell

$77,800

$194,175

$310,550

Median Garrison Market Value

$77,800

Median Mille Lacs County Market Value

$240,400

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Garrison, Mille Lacs County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
56450	$13,480	$23,475	$77,800	$228,900	$399,740

Source: Ownwell

Property Tax Bills Across Garrison, Mille Lacs County, Minnesota

In Garrison, located in Mille Lacs County, MN, property tax bills are calculated based on the assessed value of a home. The median home price in Garrison is $77,800, which is significantly lower than the national median. Property taxes here are determined by multiplying the assessed value by the local tax rate. Factors such as local government budgets, school funding, and public services contribute to the tax rate, impacting the overall tax bill. Homeowners in Garrison face a median tax bill of $854, which is considerably lower than the national median of $2,400. However, property taxes can still be a burden, especially for those at the 90th percentile, with bills reaching up to $4,128. Ownwell offers services to help homeowners reduce their property tax bills by identifying potential savings through appeals and exemptions. By leveraging expert knowledge and local data, Ownwell ensures homeowners are not overpaying, providing peace of mind and potential financial relief.

Property Tax Bills Across Garrison, Mille Lacs County, Minnesota

Source: Ownwell

$854

$2,006

$3,158

Median Garrison Tax Bill

$854

Median Mille Lacs County Tax Bill

$2,562

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Garrison, Mille Lacs County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
56450	$132	$254	$854	$2,332	$4,128

Source: Ownwell