Grey Eagle, Morrison County, Minnesota Property Taxes

Name: Property Tax Bills Across Grey Eagle, Morrison County, Minnesota
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Grey Eagle, MN effective property tax rate: 0.56%, significantly lower than the national median of 1.02%, and also lower than the Minnesota state median of 1.11%.
Median Grey Eagle, MN home value: $380,600
Median annual Grey Eagle, MN tax bill: $1,527, $873 lower than the national median property tax bill of $2,400.

How are property taxes in Morrison calculated?

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

Last Updated March 1, 2025

Grey Eagle, Morrison County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.56%

Estimate Property Tax Bill

$2,131

$1,978

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

Property Tax Rates Across Grey Eagle, Morrison County, Minnesota

Local government entities determine tax rates, leading to significant variation within a state. This is largely due to each county's annual budgetary needs to fund essential services. They calculate the property tax rate by dividing the required budget by the total value of all taxable property in the area. Although the process involves various votes and laws, this is the basic annual procedure.

In Grey Eagle, located in Morrison County, the effective property tax rate is 0.56%. When you compare this rate to other cities across Minnesota, it becomes evident how much it can differ even within the same state. Grey Eagle's rate is notably lower than the national median property tax rate of 1.02%. This means that property owners in Grey Eagle may experience lower tax bills compared to the national median property tax bill of $2,400. Understanding these differences can offer valuable insights for homeowners evaluating their property tax obligations and potential savings through appeals or exemptions.

Property Tax Rates Across Grey Eagle, Morrison County, Minnesota

Source: Ownwell

0.53%

0.98%

1.44%

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 Grey Eagle Tax Rate

0.56%

Median Effective Morrison County Tax Rate

0.85%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Grey Eagle, Morrison County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
56336	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Grey Eagle, Morrison County, Minnesota

When examining property taxes in Grey Eagle, 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 Morrison 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 Morrison 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 Grey Eagle. For example, the median home price in Grey Eagle is $380,600, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Grey Eagle, Morrison County, Minnesota

Source: Ownwell

$46,900

$194,775

$342,650

Median Grey Eagle Market Value

$380,600

Median Morrison County Market Value

$210,400

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Grey Eagle, Morrison County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
56336	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Grey Eagle, Morrison County, Minnesota

In Grey Eagle, located in Morrison County, MN, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $380,600, Grey Eagle homeowners may face varying tax bills. The 25th percentile tax bill is $438, while the 75th percentile reaches $2,647, and the 90th percentile is $2,724. These figures highlight the range of tax burdens homeowners can experience, with the median tax bill potentially exceeding the national median of $2,400. Factors such as property location, improvements, and market trends influence the assessed value, impacting the tax bill. Ownwell assists homeowners by analyzing their property assessments and identifying potential inaccuracies or opportunities for exemptions. By appealing over-assessments and securing eligible exemptions, Ownwell helps homeowners reduce their property tax bills, ensuring they pay a fair amount and potentially saving them significant sums annually.

Property Tax Bills Across Grey Eagle, Morrison County, Minnesota

Source: Ownwell

$308

$1,380

$2,452

Median Grey Eagle Tax Bill

$1,527

Median Morrison County Tax Bill

$1,722

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Grey Eagle, Morrison County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
56336	N/A	N/A	N/A	N/A	N/A

Source: Ownwell