Nowthen, Anoka County, Minnesota Property Taxes
Median Nowthen, MN effective property tax rate: 0.68%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Nowthen, MN home value: $525,200
Median annual Nowthen, MN tax bill: $3,597, $1,197 higher than the national median property tax bill of $2,400.
How are property taxes in Anoka County calculated?
Property taxes in Nowthen, 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 Nowthen’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Nowthen, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Nowthen, Anoka County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.68%
Estimate Property Tax Bill
$3,571
$3,314
Property Tax Rates Across Nowthen, Anoka County, Minnesota
Local government entities in Minnesota set tax rates, which can vary widely within the state. This variation occurs because each county annually estimates its required budget to provide essential services and then divides that budget 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 these rates and budgets, this is essentially the annual process.
In Nowthen, located in Anoka County, the effective property tax rate reflects this process. Compared to the national median property tax rate of 1.02%, Minnesota's median rate is lower at 0.68%. This difference highlights the variability in property tax rates not only within the state but also in comparison to the national average. It's important for property owners to stay informed about their local tax rates, as these can significantly impact their annual tax bills. Understanding these rates and how they are determined can provide valuable insights for property tax appeals and exemptions.
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 Nowthen Tax Rate
0.68%
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 Anoka County Tax Rate
0.96%
Median Effective Minnesota Tax Rate
1.11%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Nowthen, Anoka County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55330 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Nowthen, Anoka County, Minnesota
When examining property taxes in Nowthen, 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 Anoka 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.
In Anoka 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 Nowthen.
For example, the median home price in Nowthen is $525,200, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Nowthen, Anoka County, Minnesota
Source: Ownwell
$270,950
$412,600
$554,250
Median Nowthen Market Value
$525,200
Median Anoka County Market Value
$327,000
Median Minnesota Market Value
$290,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Nowthen, Anoka County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55330 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Nowthen, Anoka County, Minnesota
In Nowthen, located in Anoka County, MN, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The assessed value is then multiplied by the local tax rate to determine the tax bill. With a median home price of $525,200, homeowners in Nowthen face property taxes that can vary significantly. For instance, the 25th percentile tax bill is $3,336, while the 75th percentile reaches $3,944, and the 90th percentile is $4,152. Compared to the national median property tax bill of $2,400, Nowthen homeowners experience higher tax burdens, reflecting the region's property values and tax rates. These taxes can significantly impact homeowners' finances, making it crucial to ensure accuracy in assessments.
Ownwell assists homeowners by reviewing their property assessments to identify potential inaccuracies or overvaluations. By appealing these assessments, homeowners can potentially lower their tax bills. This service not only helps in reducing financial strain but also ensures that homeowners are not paying more than their fair share in property taxes.
Median Nowthen Tax Bill
$3,597
Median Anoka County Tax Bill
$3,246
Median Minnesota Tax Bill
$3,182
Median United States Tax Bill
$2,400
Property Tax Bills Across Nowthen, Anoka County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55330 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell