Swift County, Minnesota Property Taxes
The median property tax rate in Swift County is 0.99%, aligning with the national median of 0.99% but falling below the Minnesota state median of 1.11%. With a median home value of $128,800, the typical annual property tax bill in Swift County is $1,162, which is considerably lower than the national median of $2,690. Property taxes in Swift County are determined 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 the intricacies of Swift County's property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial annual savings. Whether you reside in Benson or another part of Swift County, gaining a comprehensive understanding of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Swift County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$1,275
$1,183
Ownwell’s Swift County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Swift County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Swift 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 Swift County, Minnesota
Property taxes in Swift County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Swift County is 0.99%, aligning with the U.S. national median of 0.99%. Local government entities within Swift County set these rates annually, and they can vary significantly between different areas within the county. Each year, Swift 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. For comparison, the city of Clontarf has one of the higher property tax rates in Minnesota at 1.38%, while the city of Sunburg boasts one of the lowest at 0.55%. Analyzing how Swift County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Swift County Tax Rate
0.99%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Swift County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alberta | N/A | N/A | N/A | N/A | N/A |
| Appleton | 0.45% | 0.67% | 1.17% | 1.70% | 2.02% |
| Benson | 0.54% | 0.73% | 1.03% | 1.31% | 1.48% |
| Clontarf | 0.66% | 1.17% | 1.38% | 1.83% | 2.97% |
| Danvers | 0.27% | 0.49% | 0.70% | 1.55% | 1.91% |
| De Graff | 0.26% | 0.48% | 0.67% | 1.07% | 2.45% |
| Hancock | N/A | N/A | N/A | N/A | N/A |
| Holloway | 0.23% | 0.35% | 0.71% | 0.88% | 1.33% |
| Kerkhoven | 0.38% | 0.66% | 0.89% | 1.12% | 1.39% |
| Milan | 0.31% | 0.51% | 0.63% | 0.74% | 0.90% |
| Montevideo | N/A | N/A | N/A | N/A | N/A |
| Murdock | 0.27% | 0.49% | 0.69% | 0.99% | 1.24% |
| Sunburg | 0.25% | 0.31% | 0.55% | 0.66% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Swift County, Minnesota
In Swift 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 Swift 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 Swift 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. For instance, Hancock has the highest median tax bill at $2,798, while Holloway has the lowest at $796. Being aware of these valuation processes in Swift County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Swift County Assessed Value
$128,800
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Swift County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alberta | N/A | N/A | N/A | N/A | N/A |
| Appleton | $6,880 | $39,000 | $83,400 | $169,100 | $432,000 |
| Benson | $30,420 | $79,000 | $134,400 | $225,600 | $370,780 |
| Clontarf | $2,600 | $23,450 | $105,300 | $181,475 | $295,780 |
| Danvers | $6,190 | $96,650 | $175,550 | $526,900 | $1,288,210 |
| De Graff | $10,940 | $72,200 | $187,100 | $414,400 | $1,474,080 |
| Hancock | N/A | N/A | N/A | N/A | N/A |
| Holloway | $5,000 | $51,100 | $123,500 | $626,600 | $1,306,500 |
| Kerkhoven | $29,820 | $84,900 | $152,000 | $252,100 | $432,520 |
| Milan | $28,380 | $98,850 | $163,350 | $432,600 | $567,510 |
| Montevideo | N/A | N/A | N/A | N/A | N/A |
| Murdock | $15,440 | $73,250 | $165,500 | $337,300 | $839,420 |
| Sunburg | $55,960 | $164,600 | $257,700 | $637,900 | $1,048,120 |
Source: Ownwell
Property Tax Bills Across Swift County, Minnesota
In Swift County, MN, property tax bills are calculated based on the assessed value of a home. The tax bill is determined by multiplying the assessed value by the local tax rate. Factors such as property location, size, and improvements can influence the assessed value. For example, the median home price in Swift County is $128,800. Homeowners in the 25th percentile can expect a tax bill around $630, while those in the 75th percentile might see bills as high as $2012. The highest median tax bill in the county is found in Hancock, at $2798, whereas Holloway has the lowest median tax bill at $796. These variations illustrate how location within the county can significantly affect tax obligations. Compared to the national median property tax rate of 0.99%, Swift County's property tax bills can vary widely, impacting homeowners differently based on their property's assessed value and location within the county.
Average Swift County Tax Bill
$1,162
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Swift County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alberta | N/A | N/A | N/A | N/A | N/A |
| Appleton | $108 | $464 | $905 | $1,600 | $2,806 |
| Benson | $273 | $734 | $1,274 | $2,076 | $3,711 |
| Clontarf | $27 | $736 | $1,592 | $2,076 | $3,045 |
| Danvers | $275 | $891 | $1,577 | $2,702 | $4,242 |
| De Graff | $338 | $766 | $1,218 | $2,124 | $4,450 |
| Hancock | N/A | N/A | N/A | N/A | N/A |
| Holloway | $50 | $372 | $796 | $1,794 | $4,354 |
| Kerkhoven | $244 | $720 | $1,250 | $2,200 | $3,245 |
| Milan | $252 | $694 | $965 | $2,036 | $2,990 |
| Montevideo | N/A | N/A | N/A | N/A | N/A |
| Murdock | $177 | $612 | $1,126 | $1,835 | $2,966 |
| Sunburg | $354 | $714 | $1,480 | $2,260 | $3,379 |
Source: Ownwell