Brownton, Minnesota Property Taxes
The median property tax rate in Brownton, MN is 0.52%, considerably lower than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Brownton at $393,800, the typical annual property tax bill reaches $2,412, which is below the national median of $2,690. Property taxes in Brownton are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Brownton'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 Brownton or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Brownton, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.52%
Estimate Property Tax Bill
$2,048
Ownwell’s Brownton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brownton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brownton 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 Brownton, Minnesota
Property taxes in Brownton, Minnesota, are essential in funding crucial local services like public schools, road maintenance, and emergency services. The median tax rate in Brownton is 0.52%, which is lower than the U.S. national median of 0.99%. Local government entities within Brownton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brownton 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 Brownton's effective property tax rate to other areas in Sibley County and the national median. For comparison, the 55312 zip code has the highest median property tax rate of 0.52%, while the 55312 zip code also has the lowest median tax rate of 0.52%. Understanding how these areas compare with Brownton provides valuable insights into the varying tax landscape across Sibley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brownton Tax Rate
0.52%
Average Sibley County Tax Rate
0.81%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brownton, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55312 | 0.36% | 0.36% | 0.52% | 0.61% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Brownton, Minnesota
In Brownton, Minnesota, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Sibley 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 Brownton, 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. The median home price in Brownton is $393,800, with tax bills ranging from $2,376 at the 25th percentile to $3,249 at the 90th percentile. 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 Brownton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Brownton Assessed Value
$393,800
Average Sibley County Assessed Value
$273,200
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brownton, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55312 | $314,500 | $338,200 | $393,800 | $763,700 | $904,520 |
Source: Ownwell
Property Tax Bills Across Brownton, Minnesota
In Brownton, located in Sibley County, MN, property tax bills are calculated based on the assessed value of a home. The local tax assessor determines this value, which is then multiplied by the local tax rate. For instance, the median home price in Brownton is $393,800. Factors such as property size, location, and market conditions play a significant role in determining the assessed value. Homeowners in Brownton experience varying tax bills. The tax bill at the 25th percentile is $2,376, while at the 75th percentile, it rises to $2,758. At the 90th percentile, it reaches $3,249. These amounts can significantly impact household budgets, making it essential for homeowners to understand how their property taxes are calculated. Compared to the national median property tax rate of 0.99%, Brownton's rates reflect a localized approach to property taxation that can either ease or burden homeowners depending on their property's assessed value. Understanding these factors can help homeowners better anticipate and manage their annual tax obligations.
Average Brownton Tax Bill
$2,412
Average Sibley County Tax Bill
$2,314
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Brownton, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55312 | $1,999 | $2,376 | $2,412 | $2,758 | $3,249 |
Source: Ownwell