Dalton, Minnesota Property Taxes
The median property tax rate in Dalton, MN is 0.76%, which is notably lower than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Dalton at $174,850, the typical annual property tax bill amounts to $1,438, falling below the national median of $2,690. Property taxes in Dalton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Dalton'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 Dalton 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
Dalton, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$1,329
Ownwell’s Dalton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dalton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dalton 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 Dalton, Minnesota
Property taxes in Dalton, Minnesota, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dalton is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Dalton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dalton 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 Dalton's effective property tax rate to other counties in Minnesota and the national median. For comparison, the zip code 56324 has both the highest and lowest median property tax rate of 0.76%. Understanding how these cities compare with Dalton 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 Dalton Tax Rate
0.76%
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 Dalton, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56324 | 0.56% | 0.68% | 0.76% | 0.93% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Dalton, Minnesota
In Dalton, 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 Dalton, 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 Dalton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Dalton are both $1,438, found in the zip code 56324.
Average Dalton Assessed Value
$174,850
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 Dalton, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56324 | $25,600 | $70,375 | $174,850 | $342,625 | $489,750 |
Source: Ownwell
Property Tax Bills Across Dalton, Minnesota
In Dalton, Otter Tail County, MN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is a percentage of the market value, reflecting the home's worth in the current real estate market. Several factors influence this assessed value, including the property's location, size, condition, and any improvements made. Homeowners in Dalton can expect property tax bills to vary widely. For instance, the 25th percentile tax bill is around $709, while the 75th percentile reaches $2,457, and the 90th percentile can go up to $3,582. These variations are due to differences in property values and assessment accuracy. Compared to the national median property tax rate of 0.99%, Dalton's property tax can be seen as relatively moderate, although individual tax bills can still significantly impact homeowners' finances. Understanding these factors can help homeowners anticipate their property tax obligations and plan their budgets accordingly.
Average Dalton Tax Bill
$1,438
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 Dalton, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56324 | $238 | $709 | $1,438 | $2,457 | $3,582 |
Source: Ownwell