Stevens County Property Taxes
The median property tax rate in Stevens County is 1.24%, which is significantly higher than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Stevens County, the typical annual property tax bill reaches $1,340, which is below the national median of $2,690. Property taxes in Stevens County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Stevens County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Morris or another part of Stevens County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stevens County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$1,400
Ownwell’s Stevens County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Stevens County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Stevens County to estimate your property tax bill. This insightful tool 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 Stevens County, Minnesota
Property taxes in Stevens County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Stevens County is 1.24%, which is higher than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Stevens County set these rates annually, and they can vary significantly between different areas within the county. Each year, Stevens 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 Stevens County's effective property tax rate with other counties in Minnesota and the national median. For comparison, the city of Alberta has one of the higher property tax rates in Minnesota at 1.75%, while the city of Herman boasts one of the lowest at 0.62%. Analyzing how Stevens County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Stevens County Tax Rate
1.24%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stevens County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alberta | 0.56% | 1.28% | 1.75% | 1.95% | 2.41% |
| Chokio | 1.18% | 1.38% | 1.52% | 1.69% | 1.90% |
| Cyrus | 0.60% | 0.64% | 0.70% | 0.82% | 0.88% |
| Donnelly | 0.69% | 0.84% | 1.09% | 1.34% | 1.77% |
| Hancock | 0.88% | 1.10% | 1.56% | 1.95% | 2.26% |
| Herman | 0.57% | 0.59% | 0.62% | 0.80% | 0.88% |
| Hoffman | 0.74% | 0.74% | 0.74% | 0.74% | 0.74% |
| Kensington | 0.56% | 0.71% | 0.79% | 0.80% | 3.27% |
| Morris | 0.80% | 0.96% | 1.18% | 1.37% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Stevens County, Minnesota
In Stevens 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 Stevens 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 Stevens 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. The median home price in Stevens County is $112,900, with tax bills varying widely—from $626 in Herman to $1,546 in Morris. Being aware of these valuation processes in Stevens County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Stevens County, Minnesota
Source: Ownwell
$56,500
$95,350
$134,200
Average Stevens County Assessed Value
$112,900
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stevens County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alberta | $8,010 | $30,000 | $56,500 | $110,550 | $235,580 |
| Chokio | $9,220 | $43,000 | $80,400 | $115,200 | $197,420 |
| Cyrus | $3,940 | $57,400 | $123,300 | $200,600 | $271,960 |
| Donnelly | $24,140 | $46,700 | $84,700 | $151,800 | $346,920 |
| Hancock | $12,420 | $39,475 | $83,050 | $152,850 | $302,180 |
| Herman | $77,250 | $87,125 | $103,600 | $137,025 | $149,400 |
| Hoffman | $118,100 | $118,100 | $118,100 | $118,100 | $118,100 |
| Kensington | $50,490 | $102,075 | $131,400 | $179,075 | $272,630 |
| Morris | $45,780 | $81,850 | $134,200 | $219,250 | $307,440 |
Source: Ownwell
Property Tax Bills Across Stevens County, Minnesota
In Stevens County, MN, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. The tax rate is applied to this assessed value to compute the tax bill. Various factors influence this, including the property's market value, local tax rates, and any applicable exemptions or deductions. For homeowners in Stevens County, the median home price stands at $112,900. Property tax bills can vary significantly, with the 25th percentile at $782 and the 75th percentile at $2,331. The 90th percentile tax bill reaches up to $3,531, illustrating the range of tax burdens depending on property value and location. Cities within the county also show variation; Morris has the highest median tax bill at $1,546, while Herman has the lowest at $626. These tax bills can impact homeowners by influencing their overall housing costs and potentially their decisions about property ownership. Compared to the national median property tax rate of 0.99%, Stevens County presents a diverse range of tax obligations for its residents.
Average Stevens County Tax Bill
$1,340
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Stevens County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alberta | $148 | $498 | $962 | $1,647 | $3,060 |
| Chokio | $219 | $626 | $1,130 | $1,738 | $2,841 |
| Cyrus | $26 | $426 | $816 | $1,406 | $1,631 |
| Donnelly | $339 | $578 | $896 | $1,472 | $2,803 |
| Hancock | $282 | $664 | $1,138 | $2,207 | $4,067 |
| Herman | $453 | $497 | $626 | $1,114 | $1,316 |
| Hoffman | $872 | $872 | $872 | $872 | $872 |
| Kensington | $369 | $731 | $1,041 | $1,316 | $1,426 |
| Morris | $547 | $942 | $1,546 | $2,526 | $3,591 |
Source: Ownwell