Pennington County, Minnesota Property Taxes
Median Pennington County effective property tax rate: 1.13%, significantly higher than the national median of 1.02%.
Median Pennington County home value: $156,700
Median annual Pennington County tax bill: $1,610, $790 lower than the national median property tax bill of $2,400.
How are property taxes in Pennington County calculated?
Property taxes in Pennington County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Thief River Falls or another part of Pennington County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Pennington County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.13%
Estimate Property Tax Bill
$1,771
$1,643
Ownwell’s Pennington County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Pennington County with just two data points.
By entering your property's estimated assessed value, our calculator applies Pennington County’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Pennington County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Pennington County, Minnesota
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services annually 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.
Below, you can compare Pennington County's effective property tax rate to other counties in Minnesota or the U.S. median property tax rate. Pennington County has an effective property tax rate of 1.13%, which is slightly higher than the national median of 1.02%. Within Minnesota, Thief River Falls boasts the highest median property tax rate at 1.25%, while Trail has the lowest at 0.50%. Understanding these differences can help you make informed decisions about property investments and tax appeals. By knowing where Pennington County stands, you can better navigate the complexities of property taxes and ensure you’re not overpaying.
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 Pennington County Tax Rate
1.13%
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 Minnesota Tax Rate
1.11%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Pennington County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Goodridge | 0.42% | 0.45% | 0.59% | 0.94% | 1.59% |
| Oklee | 0.41% | 0.44% | 0.50% | 0.83% | 0.97% |
| Plummer | 0.41% | 0.45% | 0.68% | 0.86% | 0.91% |
| Red Lake Falls | 0.40% | 0.41% | 0.62% | 0.82% | 1.05% |
| Saint Hilaire | 0.41% | 0.74% | 0.99% | 1.20% | 1.38% |
| Thief River Falls | 0.49% | 0.98% | 1.25% | 1.50% | 1.63% |
| Trail | 0.41% | 0.45% | 0.50% | 0.79% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Pennington County, Minnesota
When examining property taxes in Pennington County, 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 Pennington County Assessor's Office 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.
Assessment notices:
In Pennington County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Pennington County.
For example, the median tax bill in Pennington County is $1,789, with tax bills ranging significantly across the county. Plummer has the highest median home price at $293,100.
Property Tax Assessment Values Across Pennington County, Minnesota
Source: Ownwell
$142,200
$217,650
$293,100
Median Pennington County Market Value
$156,700
Median Minnesota Market Value
$290,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Pennington County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Goodridge | $42,100 | $103,400 | $222,500 | $318,500 | $434,900 |
| Oklee | $57,780 | $115,700 | $189,900 | $292,150 | $393,020 |
| Plummer | $130,750 | $217,975 | $293,100 | $362,850 | $420,520 |
| Red Lake Falls | $50,200 | $96,100 | $196,600 | $335,100 | $480,900 |
| Saint Hilaire | $3,750 | $28,800 | $142,200 | $236,400 | $329,050 |
| Thief River Falls | $14,600 | $81,400 | $154,000 | $231,600 | $318,520 |
| Trail | $48,780 | $86,850 | $143,600 | $237,750 | $315,720 |
Source: Ownwell
Property Tax Bills Across Pennington County, Minnesota
Median Pennington County Tax Bill
$1,610
Median Minnesota Tax Bill
$3,182
Median United States Tax Bill
$2,400
Property Tax Bills Across Pennington County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Goodridge | $244 | $644 | $1,380 | $2,372 | $3,418 |
| Oklee | $294 | $657 | $1,202 | $1,758 | $2,216 |
| Plummer | $810 | $1,302 | $1,769 | $2,660 | $3,280 |
| Red Lake Falls | $277 | $638 | $1,248 | $2,155 | $3,190 |
| Saint Hilaire | $34 | $208 | $1,055 | $2,096 | $3,046 |
| Thief River Falls | $168 | $772 | $1,789 | $2,706 | $3,696 |
| Trail | $254 | $436 | $880 | $1,350 | $2,067 |
Source: Ownwell