Webster, Minnesota Property Taxes
The median property tax rate in Webster, MN is 0.81%, which is lower than both the national median of 0.99% and the Minnesota state median of 1.11%. With a median home value of $591,300 in Webster, the typical annual property tax bill amounts to $4,638, substantially higher than the national median of $2,690. Property taxes in Webster are calculated based on the assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Webster'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 Webster or another part of Scott County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Webster, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$4,790
Ownwell’s Webster Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Webster with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Webster 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 Webster, Minnesota
Property taxes in Webster, Minnesota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Webster is 0.81%, lower than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Webster set these rates annually, and they can vary significantly across different neighborhoods. Each year, Webster 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 Webster's effective property tax rate to other counties in Minnesota and the national median. For comparison, the zip code 55088 has the highest median property tax rate of 0.81%, while the same zip code has the lowest median tax rate of 0.81%. Understanding how these cities compare with Webster provides valuable insights into the varying tax landscape across Scott County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Webster Tax Rate
0.81%
Average Scott County Tax Rate
1.07%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Webster, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55088 | 0.45% | 0.77% | 0.81% | 0.86% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Webster, Minnesota
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Webster, Minnesota. 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 Scott 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 Webster, 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 Webster helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 55088, both at $4,638, with property tax bills ranging from $3,736 at the 25th percentile to $6,952 at the 90th percentile.
Average Webster Assessed Value
$591,300
Average Scott County Assessed Value
$388,100
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Webster, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55088 | $450,300 | $509,700 | $591,300 | $740,300 | $898,100 |
Source: Ownwell
Property Tax Bills Across Webster, Minnesota
In Webster, located in Scott County, MN, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Webster is $591,300, and the property tax rate is a crucial factor in determining the annual tax bill. Homeowners in Webster typically see tax bills ranging from $3,736 at the 25th percentile to $6,952 at the 90th percentile. The median property tax bill stands at $4,638, which is higher than the national median property tax rate of 0.99%. Several factors influence the property tax bill, including the assessed value of the property, local government budgets, and specific tax levies for schools, infrastructure, and public services. These taxes directly affect homeowners by impacting their annual financial planning and overall cost of homeownership. High property taxes can be a significant burden, but they also contribute to the quality of local services and amenities, which can enhance property values over time.
Average Webster Tax Bill
$4,638
Average Scott County Tax Bill
$4,100
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Webster, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55088 | $2,792 | $3,736 | $4,638 | $5,824 | $6,952 |
Source: Ownwell