Bertha, Minnesota Property Taxes
The median property tax rate in Bertha, MN is 0.63%, significantly lower than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Bertha being $284,350, the typical annual property tax bill comes to $1,498, which is well below the national median of $2,690. Property taxes in Bertha are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Bertha'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 Bertha or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bertha, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$1,791
Ownwell’s Bertha Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bertha with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bertha 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 Bertha, Minnesota
Property taxes in Bertha, Minnesota, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bertha is 0.63%, which is lower than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Bertha set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bertha 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. Understanding how these cities compare with Bertha provides valuable insights into the varying tax landscape across Otter Tail County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bertha Tax Rate
0.63%
Average Otter Tail County Tax Rate
0.74%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bertha, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56437 | 0.24% | 0.35% | 0.63% | 0.79% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Bertha, Minnesota
In Bertha, 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 Otter Tail 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 Bertha, 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. 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 Bertha helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Bertha both amount to $1,498, found in the zip code 56437.
Average Bertha Assessed Value
$284,350
Average Otter Tail County Assessed Value
$204,500
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bertha, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56437 | $90,730 | $173,375 | $284,350 | $383,475 | $540,340 |
Source: Ownwell
Property Tax Bills Across Bertha, Minnesota
In Bertha, located in Otter Tail County, MN, property tax bills are calculated based on the assessed value of the property and the local tax rate. The tax rate in Bertha is influenced by various factors, including local government budgets, school district funding, and other municipal needs. For homeowners, this means that the higher the assessed value of their property, the higher their property tax bill will be. The median home price in Bertha is $284,350, which serves as a benchmark for determining property taxes. Homeowners can expect a tax bill ranging from $913 at the 25th percentile to $2,471 at the 90th percentile. The median property tax bill in Bertha stands at $1,498, which is notably lower than the national median property tax rate of 0.99%. These property taxes fund essential community services such as public schools, road maintenance, and emergency services, directly impacting the quality of life for Bertha residents. Understanding how these taxes are calculated helps homeowners plan their finances and stay informed about their contributions to the community.
Average Bertha Tax Bill
$1,498
Average Otter Tail County Tax Bill
$1,674
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Bertha, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56437 | $512 | $913 | $1,498 | $2,038 | $2,471 |
Source: Ownwell