Brandon, Otter Tail County, Minnesota Property Taxes
Median Brandon, MN effective property tax rate: 0.79%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Brandon, MN home value: $300,100
Median annual Brandon, MN tax bill: $1,804, $596 lower than the national median property tax bill of $2,400.
How are property taxes in Otter Tail calculated?
Property taxes in Brandon, 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 Brandon’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Brandon, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Brandon, Otter Tail County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.79%
Estimate Property Tax Bill
$2,371
$2,200
Property Tax Rates Across Brandon, Otter Tail County, Minnesota
Local government entities set tax rates, which can vary widely within a state. This is because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting 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.
In Brandon, located in Otter Tail County, the effective property tax rate stands at 0.79%. This rate is significant when compared to the national median property tax rate of 1.02%. The state of Minnesota has a median property tax rate that aligns with Brandon’s rate, showcasing a consistent approach across the state. This can be an appealing factor for property owners seeking lower tax rates compared to the national average. Understanding these rates is crucial for property owners who wish to manage their expenses effectively. By comparing Brandon's tax rate to other cities in Minnesota and the U.S. median, property owners can make informed decisions about property investments and financial planning.
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 Brandon Tax Rate
0.79%
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 Otter Tail County Tax Rate
0.74%
Median Effective Minnesota Tax Rate
1.11%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Brandon, Otter Tail County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56315 | 0.26% | 0.56% | 0.79% | 0.92% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Brandon, Otter Tail County, Minnesota
When examining property taxes in Brandon, 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 Otter Tail County Assessor 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 Otter Tail 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 Brandon.
For example, the median home price in Brandon is $300,100, with tax bills ranging significantly across the county. Zip code 56315 has the highest median home price at $300,100.
Property Tax Assessment Values Across Brandon, Otter Tail County, Minnesota
Source: Ownwell
$143,950
$274,175
$404,400
Median Brandon Market Value
$300,100
Median Otter Tail County Market Value
$204,500
Median Minnesota Market Value
$290,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Brandon, Otter Tail County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56315 | $129,630 | $180,600 | $300,100 | $441,350 | $541,470 |
Source: Ownwell
Property Tax Bills Across Brandon, Otter Tail County, Minnesota
In Brandon, located in Otter Tail County, MN, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $300,100, homeowners in Brandon can expect their tax bills to vary. For instance, while some may pay around $1,506, others might see bills as high as $3,353. This variation depends on specific factors such as property location, exemptions, and improvements. Compared to the national median property tax bill of $2,400, Brandon's tax bills are competitive.
Homeowners in Brandon can benefit from Ownwell's expertise in property tax appeals and exemptions. By reviewing assessments and identifying potential discrepancies, Ownwell can help reduce property tax bills, ensuring homeowners only pay their fair share. This service not only provides financial relief but also peace of mind, knowing that their property taxes are being managed efficiently.
Median Brandon Tax Bill
$1,804
Median Otter Tail County Tax Bill
$1,674
Median Minnesota Tax Bill
$3,182
Median United States Tax Bill
$2,400
Property Tax Bills Across Brandon, Otter Tail County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56315 | $1,183 | $1,506 | $1,804 | $2,796 | $3,353 |
Source: Ownwell