Wilkin County Property Taxes
The median property tax rate in Wilkin County is 0.90%, which is lower than both the national median of 0.99% and the Minnesota state median of 1.11%. With a median home value of $164,600 in Wilkin County, the typical annual property tax bill amounts to $1,424, significantly less than the national median of $2,690. Property taxes in Wilkin County are calculated 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 Wilkin County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you live in Breckenridge or another part of Wilkin County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wilkin County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$1,481
Ownwell’s Wilkin County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Wilkin County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Wilkin 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 Wilkin County, Minnesota
Property taxes in Wilkin County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Wilkin County is 0.90%, which is lower than the Minnesota state median of 1.05% but still close to the U.S. national median of 0.99%. Local government entities within Wilkin County set these rates annually, and they can vary significantly between different areas within the county. Each year, Wilkin 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 Campbell has one of the higher property tax rates in the state at 1.02%, while the city of Fairmount boasts one of the lowest at 0.65%. Analyzing how Wilkin County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Wilkin County Tax Rate
0.90%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wilkin County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barnesville | 0.38% | 0.60% | 0.76% | 0.83% | 0.87% |
| Breckenridge | 0.69% | 0.81% | 0.97% | 1.09% | 1.17% |
| Campbell | 0.50% | 0.74% | 1.02% | 1.49% | 1.82% |
| Fairmount | 0.53% | 0.58% | 0.65% | 0.73% | 0.78% |
| Foxhome | 0.34% | 0.72% | 0.82% | 0.95% | 1.34% |
| Kent | 0.37% | 0.58% | 0.71% | 0.84% | 1.20% |
| Moorhead | 0.59% | 0.65% | 0.75% | 0.78% | 0.79% |
| Nashua | 0.73% | 0.82% | 0.90% | 1.04% | 1.09% |
| Pelican Rapids | 0.48% | 0.64% | 0.75% | 0.78% | 0.80% |
| Rothsay | 0.36% | 0.66% | 0.83% | 1.34% | 1.69% |
| Tintah | 0.56% | 0.62% | 0.80% | 0.85% | 0.89% |
| Wolverton | 0.45% | 0.58% | 0.72% | 0.86% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Wilkin County, Minnesota
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Wilkin County. 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 Wilkin 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 Wilkin 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 example, Pelican Rapids has the highest median tax bill at $3,280, while Nashua has the lowest at $564. Being aware of these valuation processes in Wilkin 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 Wilkin County, Minnesota
Source: Ownwell
$70,300
$241,925
$413,550
Average Wilkin County Assessed Value
$164,600
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wilkin County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barnesville | $125,310 | $201,275 | $316,050 | $511,750 | $686,570 |
| Breckenridge | $59,630 | $104,425 | $162,750 | $249,500 | $350,300 |
| Campbell | $11,780 | $29,725 | $78,600 | $193,125 | $312,660 |
| Fairmount | $132,860 | $133,250 | $133,900 | $134,550 | $134,940 |
| Foxhome | $10,720 | $25,900 | $84,000 | $265,800 | $663,740 |
| Kent | $24,730 | $73,900 | $158,150 | $291,275 | $632,060 |
| Moorhead | $240,700 | $265,550 | $306,200 | $395,000 | $464,840 |
| Nashua | $2,400 | $19,550 | $70,300 | $114,750 | $220,160 |
| Pelican Rapids | $252,430 | $342,925 | $413,550 | $613,425 | $936,570 |
| Rothsay | $73,320 | $122,750 | $193,400 | $355,400 | $695,840 |
| Tintah | $117,420 | $178,100 | $216,100 | $447,175 | $862,090 |
| Wolverton | $67,580 | $126,025 | $205,550 | $325,550 | $575,040 |
Source: Ownwell
Property Tax Bills Across Wilkin County, Minnesota
Property tax bills in Wilkin County, MN, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the home. Once the property's value is assessed, the local tax rate is applied to calculate the tax bill. For instance, the median home price in Wilkin County is $164,600. Several factors influence the tax bill, including the property's location within the county. For example, Pelican Rapids has the highest median tax bill at $3,280, while Nashua has the lowest at $564. Homeowners in the county can expect tax bills ranging from the 25th percentile at $802 to the 90th percentile at $3,414. These property taxes fund essential services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. Understanding these factors helps homeowners anticipate their annual tax obligations and budget accordingly.
Average Wilkin County Tax Bill
$1,424
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Wilkin County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barnesville | $878 | $1,394 | $2,136 | $2,992 | $4,233 |
| Breckenridge | $454 | $906 | $1,477 | $2,318 | $3,414 |
| Campbell | $160 | $380 | $795 | $1,373 | $2,024 |
| Fairmount | $714 | $774 | $875 | $976 | $1,036 |
| Foxhome | $110 | $270 | $648 | $2,070 | $3,286 |
| Kent | $250 | $600 | $1,073 | $1,808 | $2,793 |
| Moorhead | $1,509 | $1,675 | $2,070 | $3,121 | $3,625 |
| Nashua | $43 | $203 | $564 | $1,082 | $1,921 |
| Pelican Rapids | $1,951 | $2,770 | $3,280 | $3,586 | $4,035 |
| Rothsay | $693 | $1,166 | $1,701 | $2,794 | $3,941 |
| Tintah | $1,008 | $1,444 | $1,714 | $2,482 | $3,238 |
| Wolverton | $536 | $922 | $1,452 | $2,312 | $3,281 |
Source: Ownwell