Pine County Property Taxes
The median property tax rate in Pine County is 0.75%, which is notably lower than both the national median of 0.99% and the Minnesota state median of 1.11%. With a median home value of $174,300 in Pine County, the typical annual property tax bill amounts to $1,286, significantly below the national median of $2,690. Property taxes in Pine County are determined based on the tax assessed value, which is generally lower than the actual market value due to various property tax exemptions such as those for primary residences and agricultural properties. Understanding Pine County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial annual savings. Whether you reside in Pine City or another part of Pine County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pine County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$1,307
Ownwell’s Pine County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Pine County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Pine County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Pine County, Minnesota
Property taxes in Pine County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Pine County is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Pine County set these rates annually, and they can vary significantly between different areas within the county. Each year, Pine County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Pine County's effective property tax rate with other counties in Minnesota and the national median. For comparison, the city of Henriette has one of the higher property tax rates in Minnesota at 1.20%, while the city of McGrath boasts one of the lowest at 0.50%. Analyzing how Pine County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Pine County Tax Rate
0.75%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pine County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Askov | 0.48% | 0.66% | 0.83% | 1.03% | 1.37% |
| Braham | 0.45% | 0.62% | 0.78% | 0.86% | 0.94% |
| Brook Park | 0.36% | 0.54% | 0.69% | 0.80% | 0.93% |
| Bruno | 0.48% | 0.67% | 0.78% | 0.90% | 1.05% |
| Finlayson | 0.49% | 0.62% | 0.73% | 0.81% | 0.89% |
| Grasston | 0.46% | 0.62% | 0.73% | 0.81% | 0.85% |
| Henriette | 0.82% | 0.90% | 1.20% | 1.42% | 2.10% |
| Hinckley | 0.48% | 0.65% | 0.70% | 0.80% | 0.97% |
| Holyoke | 0.74% | 0.87% | 0.97% | 1.03% | 1.06% |
| Kerrick | 0.51% | 0.59% | 0.71% | 0.88% | 0.98% |
| Mc Grath | 0.35% | 0.41% | 0.50% | 0.60% | 0.65% |
| Moose Lake | 0.64% | 0.68% | 0.76% | 0.82% | 0.89% |
| Mora | 0.59% | 0.61% | 0.67% | 0.75% | 0.80% |
| Pine City | 0.55% | 0.71% | 0.79% | 0.94% | 1.16% |
| Rock Creek | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
| Rush City | 0.46% | 0.59% | 0.72% | 0.81% | 0.85% |
| Sandstone | 0.61% | 0.74% | 0.86% | 1.01% | 1.27% |
| Sturgeon Lake | 0.52% | 0.62% | 0.69% | 0.79% | 1.00% |
| Willow River | 0.48% | 0.62% | 0.70% | 0.78% | 0.89% |
| Wrenshall | 0.61% | 0.72% | 0.85% | 0.94% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Pine County, Minnesota
In Pine County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Pine County Appraisal District. The assessed value, however, 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. Assessment notices in Pine County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Pine County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Pine County, Moose Lake has the highest median tax bill at $2,347, while Henriette has the lowest at $303.
Average Pine County Assessed Value
$174,300
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pine County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Askov | $42,670 | $94,650 | $180,000 | $279,025 | $400,480 |
| Braham | $29,300 | $105,625 | $243,500 | $384,525 | $514,990 |
| Brook Park | $35,480 | $78,600 | $189,000 | $314,700 | $436,480 |
| Bruno | $22,250 | $62,125 | $130,250 | $237,125 | $368,450 |
| Finlayson | $39,620 | $89,850 | $202,200 | $315,800 | $431,580 |
| Grasston | $40,510 | $129,175 | $253,500 | $386,050 | $500,530 |
| Henriette | $6,020 | $15,325 | $24,450 | $60,450 | $130,070 |
| Hinckley | $17,500 | $33,100 | $94,000 | $234,900 | $356,300 |
| Holyoke | $8,580 | $37,300 | $105,300 | $198,500 | $307,080 |
| Kerrick | $13,600 | $25,000 | $113,100 | $249,200 | $380,240 |
| Mc Grath | $395,570 | $406,025 | $423,450 | $440,875 | $451,330 |
| Moose Lake | $29,530 | $151,450 | $317,450 | $440,075 | $550,380 |
| Mora | $218,650 | $231,825 | $313,500 | $456,975 | $518,670 |
| Pine City | $20,960 | $93,375 | $224,900 | $351,650 | $494,000 |
| Rock Creek | $82,300 | $82,300 | $82,300 | $82,300 | $82,300 |
| Rush City | $72,900 | $188,050 | $316,800 | $400,000 | $524,060 |
| Sandstone | $20,000 | $55,400 | $140,000 | $261,900 | $406,540 |
| Sturgeon Lake | $18,000 | $40,000 | $163,600 | $333,750 | $486,400 |
| Willow River | $26,680 | $69,900 | $175,700 | $285,500 | $406,340 |
| Wrenshall | $60,800 | $128,650 | $189,200 | $275,900 | $395,660 |
Source: Ownwell
Property Tax Bills Across Pine County, Minnesota
In Pine County, MN, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and is meant to reflect the market value of the property. Homeowners in Pine County experience a range of property tax bills, influenced by factors such as home value and location. For instance, the median home price in Pine County is $174,300. The tax bill can vary significantly, with the 25th percentile paying around $382 and the 75th percentile paying up to $2,360. At the 90th percentile, homeowners might see tax bills as high as $3,384. The highest median tax bill is found in Moose Lake at $2,347, while Henriette has the lowest median tax bill at $303. Compared to the national median property tax rate of 0.99%, Pine County's tax rates can lead to a wide range of financial impacts on homeowners, depending on their property's assessed value.
Average Pine County Tax Bill
$1,286
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Pine County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Askov | $259 | $606 | $1,538 | $2,271 | $3,186 |
| Braham | $190 | $694 | $1,620 | $2,518 | $3,762 |
| Brook Park | $222 | $472 | $1,178 | $1,980 | $2,802 |
| Bruno | $119 | $426 | $868 | $1,709 | $2,745 |
| Finlayson | $258 | $572 | $1,358 | $2,186 | $3,072 |
| Grasston | $257 | $732 | $1,713 | $2,718 | $3,801 |
| Henriette | $59 | $164 | $303 | $974 | $1,620 |
| Hinckley | $117 | $218 | $606 | $1,734 | $2,584 |
| Holyoke | $68 | $338 | $953 | $1,960 | $3,018 |
| Kerrick | $74 | $172 | $746 | $1,906 | $2,863 |
| Mc Grath | $1,569 | $1,754 | $2,063 | $2,372 | $2,557 |
| Moose Lake | $254 | $1,044 | $2,347 | $3,283 | $4,168 |
| Mora | $1,495 | $1,510 | $1,976 | $2,996 | $3,993 |
| Pine City | $208 | $762 | $1,888 | $2,892 | $3,910 |
| Rock Creek | $478 | $478 | $478 | $478 | $478 |
| Rush City | $413 | $1,263 | $1,948 | $2,891 | $3,570 |
| Sandstone | $150 | $461 | $1,194 | $2,301 | $3,426 |
| Sturgeon Lake | $96 | $266 | $1,090 | $2,402 | $3,521 |
| Willow River | $166 | $436 | $1,148 | $1,981 | $2,808 |
| Wrenshall | $375 | $653 | $1,612 | $2,526 | $3,653 |
Source: Ownwell