Wadena County Property Taxes
The median property tax rate in Wadena County is 0.94%, which is slightly lower than the national median of 0.99% and the Minnesota state median of 1.11%. With a median home value of $154,700, the typical annual property tax bill in Wadena County amounts to $1,464, considerably less than the national median of $2,690. Property taxes in Wadena County are based on the tax assessed value, which is often lower than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Wadena County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to significant annual savings. Whether you reside in Wadena or another part of the county, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wadena County Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$2,220
Ownwell’s Wadena County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Wadena County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Wadena 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 Wadena County, Minnesota
Property taxes in Wadena County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Wadena County is 0.94%, which is lower than the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Wadena County set these rates annually, and they can vary significantly between different areas within the county. Each year, Wadena 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 Wadena County's effective property tax rate with other counties in Minnesota and the national median. For comparison, the city of Wadena has one of the higher property tax rates in Minnesota at 1.08%, while the city of Park Rapids boasts one of the lowest at 0.69%. Analyzing how Wadena County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Wadena County Tax Rate
0.94%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wadena County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aldrich | 0.68% | 0.81% | 1.06% | 1.40% | 1.45% |
| Menahga | 0.66% | 0.75% | 0.85% | 1.12% | 1.39% |
| Park Rapids | 0.59% | 0.62% | 0.69% | 0.74% | 0.78% |
| Sebeka | 0.64% | 0.78% | 0.95% | 1.82% | 2.51% |
| Staples | 0.71% | 0.84% | 0.92% | 1.10% | 1.24% |
| Verndale | 0.66% | 0.78% | 0.89% | 1.18% | 1.68% |
| Wadena | 0.76% | 0.85% | 1.08% | 1.24% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Wadena County, Minnesota
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Wadena County, MN. 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 Wadena 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 Wadena 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. For instance, Staples has the highest median tax bill at $1,864, while Aldrich has the lowest at $518. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Wadena 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 Wadena County, Minnesota
Source: Ownwell
$58,200
$141,150
$224,100
Average Wadena County Assessed Value
$154,700
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wadena County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aldrich | $1,260 | $2,700 | $58,200 | $121,500 | $191,440 |
| Menahga | $25,320 | $92,300 | $172,600 | $269,700 | $369,580 |
| Park Rapids | $88,300 | $126,750 | $224,100 | $358,450 | $473,050 |
| Sebeka | $25,970 | $64,750 | $128,100 | $220,900 | $327,600 |
| Staples | $21,000 | $90,500 | $206,100 | $299,700 | $389,360 |
| Verndale | $20,800 | $77,575 | $146,350 | $237,675 | $329,250 |
| Wadena | $18,800 | $79,650 | $144,600 | $211,550 | $290,600 |
Source: Ownwell
Property Tax Bills Across Wadena County, Minnesota
In Wadena County, MN, property tax bills are determined based on the assessed value of a home, which is influenced by its market value. The county's median home price is approximately $154,700. Tax rates are applied to this assessed value to calculate the annual tax bill. Several factors are considered in this calculation, including local tax rates, property classifications, and any applicable exemptions. For homeowners in Wadena County, tax bills can vary significantly. The 25th percentile tax bill is around $752, while the 75th percentile reaches up to $2,301. At the 90th percentile, homeowners could see bills as high as $3,253. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local variations. Cities within the county also show disparities; for instance, Staples has the highest median tax bill at $1,864, whereas Aldrich has the lowest at $518. These variations can impact homeowners' financial planning and overall affordability of living in different parts of the county.
Average Wadena County Tax Bill
$1,464
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Wadena County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aldrich | $18 | $46 | $518 | $1,006 | $1,960 |
| Menahga | $282 | $768 | $1,570 | $2,392 | $3,386 |
| Park Rapids | $608 | $874 | $1,526 | $2,686 | $3,450 |
| Sebeka | $355 | $794 | $1,394 | $2,176 | $3,050 |
| Staples | $148 | $646 | $1,864 | $2,882 | $3,890 |
| Verndale | $250 | $704 | $1,376 | $2,098 | $2,905 |
| Wadena | $165 | $803 | $1,430 | $2,177 | $2,997 |
Source: Ownwell