Annandale, Wright County, Minnesota Property Taxes
Median Annandale, MN effective property tax rate: 0.74%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Annandale, MN home value: $362,300
Median annual Annandale, MN tax bill: $2,929, $529 higher than the national median property tax bill of $2,400.
How are property taxes in Wright County calculated?
Property taxes in Annandale, 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 Annandale’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Annandale, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Annandale, Wright County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.74%
Estimate Property Tax Bill
$2,681
$2,488
Ownwell’s Annandale Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Annandale with just two data points.
By entering your property's estimated assessed value, our calculator applies Annandale’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 Wright County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Annandale, Wright County, Minnesota
Local government entities set tax rates, which can vary widely within a state. This variability is due to each county's annual estimation of its required budget to provide services, which is then divided by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Annandale, Wright County, Minnesota, the effective property tax rate stands at 0.74%. When compared to the national median property tax rate of 1.02%, Annandale's rate is notably lower. This means that homeowners in Annandale benefit from a more favorable tax rate compared to many other areas across the U.S. Additionally, Minnesota's median property tax rate aligns with Annandale's, reflecting a consistent approach within the state.
For potential homeowners or investors, understanding these rates is crucial, as they directly impact the affordability and long-term financial planning associated with property ownership. Annandale's lower tax rate can be an attractive factor for those considering a move or investment in the area.
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 Annandale Tax Rate
0.74%
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 Wright County Tax Rate
1.04%
Median Effective Minnesota Tax Rate
1.11%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Annandale, Wright County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55302 | 0.57% | 0.67% | 0.74% | 0.95% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Annandale, Wright County, Minnesota
When examining property taxes in Annandale, Minnesota, 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 Wright 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 Wright County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Annandale. For example, the median home price in Annandale is $362,300, with tax bills ranging significantly across the county. 55302 has the highest median home price at $362,300.
Property Tax Assessment Values Across Annandale, Wright County, Minnesota
Source: Ownwell
$271,300
$421,175
$571,050
Median Annandale Market Value
$362,300
Median Wright County Market Value
$352,100
Median Minnesota Market Value
$290,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Annandale, Wright County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55302 | $145,480 | $250,200 | $362,300 | $560,500 | $821,240 |
Source: Ownwell
Property Tax Bills Across Annandale, Wright County, Minnesota
In Annandale, Wright County, 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 annual tax bill. With a median home price of $362,300, homeowners in Annandale face varying tax bills. For instance, the 25th percentile tax bill is $2,166, while the 75th percentile reaches $3,972, and the 90th percentile climbs to $5,910. Notably, the median tax bill in the area is $2,929, which is higher than the national median of $2,400. This can significantly impact homeowners' finances, making effective tax management crucial.
Ownwell offers property tax appeal and exemption services to help homeowners potentially reduce their tax burdens. By analyzing property assessments and market conditions, Ownwell identifies opportunities for appealing over-assessments, ensuring homeowners pay only their fair share. With expertise in local tax regulations, Ownwell provides personalized support, helping clients navigate the complexities of property tax appeals and ultimately save money.
Median Annandale Tax Bill
$2,929
Median Wright County Tax Bill
$3,554
Median Minnesota Tax Bill
$3,182
Median United States Tax Bill
$2,400
Property Tax Bills Across Annandale, Wright County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55302 | $1,592 | $2,166 | $2,929 | $3,972 | $5,910 |
Source: Ownwell