Long Prairie, Todd County, Minnesota Property Taxes

Name: Property Tax Bills Across Long Prairie, Todd County, Minnesota
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Long Prairie, MN effective property tax rate: 0.86%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Long Prairie, MN home value: $193,400
Median annual Long Prairie, MN tax bill: $1,540, $860 lower than the national median property tax bill of $2,400.

How are property taxes in Todd County calculated?

Property taxes in Long Prairie, MN are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Long Prairie’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Long Prairie, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Long Prairie, Todd County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.86%

Estimate Property Tax Bill

$1,663

$1,543

Ownwell’s Long Prairie Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Long Prairie with just two data points. By entering your property's estimated assessed value, our calculator applies Long Prairie’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Todd County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Long Prairie, Todd County, Minnesota

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Long Prairie’s effective property tax rate to other cities in Minnesota and the median property tax rates in Minnesota and the U.S. Minnesota's median property tax rate stands at 0.86%, which is lower than the national median of 1.02%. Long Prairie, situated in Todd County, aligns with this state median. This makes Long Prairie a relatively affordable option for property owners when compared to the national average. With property tax bills being a significant annual expense, understanding these rates can aid homeowners in making informed financial decisions. By effectively managing their property tax liabilities, residents of Long Prairie can potentially save money, making their investment even more worthwhile.

Property Tax Rates Across Long Prairie, Todd County, Minnesota

Source: Ownwell

0.52%

0.85%

1.18%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Long Prairie Tax Rate

0.86%

Median Effective Todd County Tax Rate

0.88%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Long Prairie, Todd County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
56347	0.41%	0.70%	0.86%	1.02%	1.31%

Source: Ownwell

Property Tax Assessment Values Across Long Prairie, Todd County, Minnesota

When examining property taxes in Long Prairie, MN, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Todd County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Todd County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Long Prairie.

For example, the median home price in Long Prairie is $193,400, with tax bills ranging significantly across the county. Zip code 56347 has the highest median home price at $193,400.

Property Tax Assessment Values Across Long Prairie, Todd County, Minnesota

Source: Ownwell

$81,800

$204,750

$327,700

Median Long Prairie Market Value

$193,400

Median Todd County Market Value

$198,400

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Long Prairie, Todd County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
56347	$41,220	$106,950	$193,400	$298,400	$431,580

Source: Ownwell

Property Tax Bills Across Long Prairie, Todd County, Minnesota

In Long Prairie, MN, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the tax bill. For homeowners in Long Prairie, the median home price is $193,400. The property tax bill can vary significantly, with the 25th percentile at $892 and the 75th percentile reaching $2,252. This variation is due to factors such as property location, size, and improvements. Compared to the national median property tax rate of 1.02% and a median tax bill of $2,400, Long Prairie's tax bills can be relatively manageable. However, homeowners still seek ways to reduce their tax burden. Ownwell assists by offering property tax appeal and exemption services, ensuring homeowners pay only their fair share. By analyzing property data and identifying discrepancies, Ownwell helps homeowners potentially lower their tax bills, providing valuable savings and peace of mind.

Property Tax Bills Across Long Prairie, Todd County, Minnesota

Source: Ownwell

$800

$1,816

$2,832

Median Long Prairie Tax Bill

$1,540

Median Todd County Tax Bill

$1,544

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Long Prairie, Todd County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
56347	$342	$892	$1,540	$2,252	$3,095

Source: Ownwell