Traverse County, Minnesota Property Taxes

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

Median Traverse County effective property tax rate: 1.63%, significantly higher than the national median of 1.02%.
Median Traverse County home value: $55,600
Median annual Traverse County tax bill: $718, $1,682 lower than the national median property tax bill of $2,400.

How are property taxes in Traverse County calculated?

Property taxes in Traverse County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Wheaton or another part of Traverse County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Traverse County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.63%

Estimate Property Tax Bill

$906

$841

Ownwell’s Traverse County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Traverse County with just two data points. By entering your property's estimated assessed value, our calculator applies Traverse County’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 more 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 Traverse County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Traverse County, Minnesota

Local government entities set tax rates, which can vary widely within a state. This is because 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 Traverse County's effective property tax rate to other counties in Minnesota or the U.S. median property tax rate. Traverse County has a median property tax rate of 1.63%, notably higher than the national median of 1.02%. Within Minnesota, Browns Valley stands out with the highest median tax rate of 2.18%, while Beardsley offers a more economical option with a rate of 0.57%. Understanding these rates can help homeowners make informed decisions about where to live and how to manage their property tax responsibilities effectively.

Property Tax Rates Across Traverse County, Minnesota

Source: Ownwell

0.57%

1.37%

2.18%

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 Traverse County Tax Rate

1.63%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Traverse County, Minnesota

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Beardsley	0.51%	0.56%	0.57%	0.69%	1.05%
Browns Valley	0.55%	0.58%	2.18%	3.23%	3.64%
Dumont	0.66%	0.80%	1.74%	2.43%	2.51%
Graceville	0.45%	0.65%	0.71%	0.80%	0.84%
Herman	N/A	N/A	N/A	N/A	N/A
Johnson	N/A	N/A	N/A	N/A	N/A
Norcross	N/A	N/A	N/A	N/A	N/A
Tintah	0.68%	0.87%	1.15%	1.36%	1.73%
Wheaton	0.87%	1.42%	1.73%	2.22%	2.35%

Source: Ownwell

Property Tax Assessment Values Across Traverse County, Minnesota

When examining property taxes in Traverse County, 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 Traverse County Assessor's Office 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.

Assessment notices:

In Traverse 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 Traverse County.

For example, the median tax bill in Traverse County is $848, with tax bills ranging significantly across the county. Graceville has the highest median home price at $107,400.

Property Tax Assessment Values Across Traverse County, Minnesota

Source: Ownwell

$22,200

$64,800

$107,400

Median Traverse County Market Value

$55,600

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Traverse County, Minnesota

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Beardsley	$26,260	$52,825	$84,750	$127,425	$192,170
Browns Valley	$4,860	$19,500	$44,400	$93,550	$169,060
Dumont	$1,700	$11,600	$39,200	$91,800	$182,200
Graceville	$62,660	$84,900	$107,400	$161,700	$378,300
Herman	N/A	N/A	N/A	N/A	N/A
Johnson	N/A	N/A	N/A	N/A	N/A
Norcross	N/A	N/A	N/A	N/A	N/A
Tintah	$2,720	$8,400	$22,200	$44,600	$117,220
Wheaton	$7,600	$24,025	$57,100	$115,150	$181,400

Source: Ownwell

Property Tax Bills Across Traverse County, Minnesota

In Traverse County, MN, property tax bills are calculated using the assessed value of a home, which is determined by local assessors. This value is then multiplied by the local tax rate to calculate the annual tax bill. Homeowners in Traverse County experience a range of tax bills, with the 25th percentile paying around $366 and the 75th percentile paying approximately $1,367. Notably, the tax bill at the 90th percentile is $2,618, reflecting the variation in property values and tax rates across the county. Within the county, Wheaton has the highest median tax bill at $848, while Tintah has the lowest at $256. These figures highlight the disparities in property tax burdens depending on the location and value of the property. Compared to the national median property tax bill of $2,400, many homeowners in Traverse County pay less, offering some relief to residents. Understanding these factors can help homeowners anticipate their tax obligations and plan accordingly.

Property Tax Bills Across Traverse County, Minnesota

Source: Ownwell

$256

$552

$848

Median Traverse County Tax Bill

$718

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Traverse County, Minnesota

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Beardsley	$130	$312	$490	$817	$1,576
Browns Valley	$142	$382	$698	$1,128	$1,824
Dumont	$36	$242	$585	$990	$1,652
Graceville	$411	$568	$788	$1,064	$2,171
Herman	N/A	N/A	N/A	N/A	N/A
Johnson	N/A	N/A	N/A	N/A	N/A
Norcross	N/A	N/A	N/A	N/A	N/A
Tintah	$35	$126	$256	$548	$1,045
Wheaton	$132	$396	$848	$1,760	$3,120

Source: Ownwell