Red Lake County Property Taxes
The median property tax rate in Red Lake County is 1.03%, which is slightly higher than the national median of 0.99% but lower than the Minnesota state median of 1.11%. With a median home value of $138,800, the typical annual property tax bill in Red Lake County is $1,274, significantly below the national median of $2,690. Property taxes in Red Lake County are calculated based on the assessed value, which is often less than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Red Lake County's property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you live in Red Lake Falls or another part of Red Lake County, gaining comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Red Lake County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$1,430
Ownwell’s Red Lake County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Red Lake County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Red Lake 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 Red Lake County, Minnesota
Property taxes in Red Lake County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Red Lake County is 1.03%, which is higher than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Red Lake County set these rates annually, and they can vary significantly between different areas within the county. Each year, Red Lake 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 Red Lake County's effective property tax rate with other counties in Minnesota and the national median. For comparison, the city of Red Lake Falls has one of the higher property tax rates in Minnesota at 1.57%, while the city of Saint Hilaire boasts one of the lowest at 0.52%. Analyzing how Red Lake County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Red Lake County Tax Rate
1.03%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Red Lake County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brooks | 0.43% | 0.48% | 0.52% | 0.67% | 0.75% |
| Crookston | 0.56% | 0.77% | 0.83% | 0.88% | 0.91% |
| Erskine | 0.44% | 0.52% | 0.54% | 0.57% | 0.60% |
| Mentor | 0.46% | 0.53% | 0.57% | 0.64% | 0.79% |
| Oklee | 0.49% | 0.56% | 1.03% | 1.37% | 1.63% |
| Plummer | 0.44% | 0.48% | 0.56% | 0.71% | 0.82% |
| Red Lake Falls | 0.80% | 0.99% | 1.57% | 1.81% | 2.02% |
| Saint Hilaire | 0.50% | 0.51% | 0.52% | 0.52% | 0.52% |
| Trail | 0.32% | 0.37% | 0.54% | 0.57% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Red Lake County, Minnesota
In Red Lake 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 Red Lake 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 Red Lake 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. In Red Lake County, the highest median tax bill is in Red Lake Falls at $2,036, while the lowest is in Plummer at $666. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Red Lake County, Minnesota
Source: Ownwell
$92,900
$145,900
$198,900
Average Red Lake County Assessed Value
$138,800
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Red Lake County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brooks | $34,930 | $79,125 | $150,550 | $206,875 | $315,310 |
| Crookston | $31,600 | $88,750 | $187,400 | $247,300 | $338,000 |
| Erskine | $163,840 | $188,725 | $198,900 | $217,600 | $283,780 |
| Mentor | $56,660 | $82,250 | $133,000 | $197,500 | $228,450 |
| Oklee | $19,500 | $51,550 | $92,900 | $153,650 | $254,700 |
| Plummer | $29,890 | $65,500 | $109,600 | $180,700 | $242,490 |
| Red Lake Falls | $30,540 | $92,600 | $157,100 | $218,400 | $285,500 |
| Saint Hilaire | $150,320 | $156,350 | $166,400 | $228,150 | $265,200 |
| Trail | $15,420 | $35,400 | $158,600 | $242,300 | $277,700 |
Source: Ownwell
Property Tax Bills Across Red Lake County, Minnesota
In Red Lake County, MN, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Various factors influence the assessed value, including the home's size, location, and market conditions. For homeowners in Red Lake County, the median home price is $138,800. The tax bill can vary significantly, with the 25th percentile at $646 and the 75th percentile reaching $2,385. At the 90th percentile, homeowners might see bills as high as $3,600. Comparatively, Red Lake Falls has the highest median tax bill in the county at $2,036, while Plummer has the lowest at $666. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. Consequently, understanding how these bills are calculated helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Red Lake County Tax Bill
$1,274
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Red Lake County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brooks | $226 | $410 | $794 | $1,168 | $1,564 |
| Crookston | $244 | $696 | $1,122 | $2,341 | $2,818 |
| Erskine | $864 | $990 | $1,130 | $1,214 | $1,297 |
| Mentor | $429 | $526 | $671 | $1,050 | $1,336 |
| Oklee | $215 | $458 | $848 | $1,490 | $2,050 |
| Plummer | $176 | $326 | $666 | $1,079 | $1,432 |
| Red Lake Falls | $431 | $1,040 | $2,036 | $3,122 | $4,102 |
| Saint Hilaire | $774 | $795 | $830 | $1,169 | $1,372 |
| Trail | $179 | $430 | $848 | $850 | $875 |
Source: Ownwell