Brownsdale, Minnesota Property Taxes
The median property tax rate in Brownsdale, MN is 1.05%, 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 $159,000 in Brownsdale, the typical annual property tax bill is $1,676, which is below the national median of $2,690. Property taxes in Brownsdale are calculated based on the assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Brownsdale's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Brownsdale or another part of Mower County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Brownsdale, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$1,670
Ownwell’s Brownsdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brownsdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brownsdale to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Brownsdale, Minnesota
Property taxes in Brownsdale, Minnesota, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Brownsdale is 1.05%, which is above both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Brownsdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brownsdale estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Brownsdale's effective property tax rate to other areas in Minnesota and the national median. For comparison, the zip code 55918 has the highest median property tax rate of 1.05%, while the same zip code also has the lowest median tax rate of 1.05%. Understanding how these figures compare with Brownsdale provides valuable insights into the varying tax landscape across Mower County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brownsdale Tax Rate
1.05%
Average Mower County Tax Rate
1.19%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brownsdale, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55918 | 0.42% | 0.77% | 1.05% | 1.16% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Brownsdale, Minnesota
In Brownsdale, Minnesota, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Mower County Appraisal District for tax purposes. In contrast, the assessed value 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. In Brownsdale, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price in Brownsdale is $159,000, with tax bills ranging from $1,023 at the 25th percentile to $2,440 at the 75th percentile, and up to $3,594 at the 90th percentile. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Brownsdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Brownsdale Assessed Value
$159,000
Average Mower County Assessed Value
$155,900
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brownsdale, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55918 | $30,000 | $95,350 | $159,000 | $267,800 | $518,700 |
Source: Ownwell
Property Tax Bills Across Brownsdale, Minnesota
In Brownsdale, located in Mower County, MN, property tax bills are calculated based on the assessed value of the home. The process starts with the local tax assessor determining the market value of the property. This value is then multiplied by the assessment ratio, which reflects the portion of the market value that is taxable. Homeowners in Brownsdale can expect their property tax bills to fall within a range depending on various factors such as property size, location, and local tax rates. For instance, the 25th percentile tax bill is around $1,023, while the 75th percentile tax bill is approximately $2,440. Those at the 90th percentile might see tax bills as high as $3,594. The median home price in Brownsdale is $159,000, which is relatively modest compared to national figures. With the national median property tax rate at 0.99%, Brownsdale homeowners may find their tax bills more manageable. However, the exact tax burden can vary, influencing household budgets and long-term financial planning.
Average Brownsdale Tax Bill
$1,676
Average Mower County Tax Bill
$1,856
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Brownsdale, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55918 | $436 | $1,023 | $1,676 | $2,440 | $3,594 |
Source: Ownwell