Appleton, Swift County, Minnesota Property Taxes
The median property tax rate in Appleton, MN is 1.17%, considerably higher than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Appleton at $83,400, the typical annual property tax bill reaches $905, which is below the national median of $2,690. Property taxes in Appleton are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Appleton'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 Appleton 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
Appleton, Swift County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$976
$905
Ownwell’s Appleton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Appleton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Appleton 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 Appleton, Swift County, Minnesota
Property taxes in Appleton, Minnesota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Appleton is 1.17%, higher than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Appleton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Appleton 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 Appleton's effective property tax rate to other counties in Minnesota and the national median. For comparison, the 56208 zip code has the highest median property tax rate of 1.17%, while the same zip code also has the lowest median tax rate of 1.17%. Understanding how these cities compare with Appleton provides valuable insights into the varying tax landscape across Swift County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Appleton Tax Rate
1.17%
Average Swift County Tax Rate
0.99%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Appleton, Swift County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56208 | 0.45% | 0.67% | 1.17% | 1.70% | 2.02% |
Source: Ownwell
Property Tax Assessment Values Across Appleton, Swift County, Minnesota
In Appleton, 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 Swift 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 Appleton, 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 Appleton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in the area is $905 in the 56208 zip code, which also has the lowest median tax bill.
Property Tax Assessment Values Across Appleton, Swift County, Minnesota
Source: Ownwell
$83,400
$170,550
$257,700
Average Appleton Assessed Value
$83,400
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 Appleton, Swift County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56208 | $6,880 | $39,000 | $83,400 | $169,100 | $432,000 |
Source: Ownwell
Property Tax Bills Across Appleton, Swift County, Minnesota
In Appleton, located in Swift County, MN, property tax bills are determined by assessing the market value of a home and then applying the local tax rate. The median home price in Appleton is $83,400, and this value is used as a baseline for calculating the tax bill. Factors such as home improvements, neighborhood developments, and changes in market conditions can influence the assessed value, leading to fluctuations in the tax bill. Homeowners in Appleton experience a range of tax bills. For example, the tax bill at the 25th percentile is $464, while it rises to $1,600 at the 75th percentile and reaches $2,806 at the 90th percentile. These variations reflect differences in property values and applicable exemptions. Compared to the national median property tax rate of 0.99%, Appleton’s tax bills are relatively moderate, providing some financial relief to homeowners. The highest and lowest median tax bills in the area are both $905, indicating a level of consistency in property tax assessments within the zip code 56208.
Average Appleton Tax Bill
$905
Average Swift County Tax Bill
$1,162
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Appleton, Swift County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56208 | $108 | $464 | $905 | $1,600 | $2,806 |
Source: Ownwell