Ottertail, Otter Tail County, Minnesota Property Taxes
Median Ottertail, MN effective property tax rate: 0.72%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Ottertail, MN home value: $199,100
Median annual Ottertail, MN tax bill: $1,474, $926 lower than the national median property tax bill of $2,400.
How are property taxes in Otter Tail calculated?
Property taxes in Ottertail, 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 Ottertail’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ottertail, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ottertail, Otter Tail County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.72%
Estimate Property Tax Bill
$1,434
$1,330
Property Tax Rates Across Ottertail, Otter Tail County, Minnesota
Local government entities set tax rates, which can vary widely within a state. This is because each county estimates its required budget annually to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results 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.
Ottertail in Otter Tail County, Minnesota, stands out with its effective property tax rate. When compared to the national median property tax rate of 1.02%, Ottertail offers a more favorable rate for homeowners. This lower rate can be an attractive factor for property owners looking to manage their expenses more effectively. The consistency of the tax rate across the county, as indicated by the uniform rate in the 56571 zip code, suggests a stable tax environment. This stability can be appealing for potential property buyers and existing homeowners alike, providing predictability in their 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 Ottertail Tax Rate
0.72%
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 Ottertail, Otter Tail County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56571 | 0.61% | 0.66% | 0.72% | 0.85% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Ottertail, Otter Tail County, Minnesota
When examining property taxes in Ottertail, 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 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 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 Ottertail. For example, the median home price in Ottertail is $199,100, with tax bills ranging significantly across the county. 56571 has the highest median home price at $199,100.
Property Tax Assessment Values Across Ottertail, Otter Tail County, Minnesota
Source: Ownwell
$143,950
$274,175
$404,400
Median Ottertail Market Value
$199,100
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 Ottertail, Otter Tail County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56571 | $16,680 | $71,850 | $199,100 | $369,575 | $554,460 |
Source: Ownwell
Property Tax Bills Across Ottertail, Otter Tail County, Minnesota
Median Ottertail Tax Bill
$1,474
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 Ottertail, Otter Tail County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56571 | $136 | $500 | $1,474 | $2,742 | $4,194 |
Source: Ownwell