Lake Park, Becker County, Minnesota Property Taxes

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Property Taxes in Lake Park, Minnesota

Median Lake Park, Minnesota effective property tax rate: 0.55%, significantly lower than the national median of 1.02%, and lower than the Minnesota state median of 1.13%.
Median Lake Park, Minnesota home value: $363,100
Median annual Lake Park, Minnesota tax bill: $2,038, $362 lower than the national median property tax bill of $2,400.

How are property taxes in Becker calculated?

Property taxes in Lake Park, Minnesota 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 Lake Park's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lake Park, knowing local tax details benefits homeowners and investors.

Last Updated April 13, 2026

Lake Park, Becker County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.55%

Estimate Property Tax Bill

$1,997

$1,853

How Does the Lake Park Property Tax Calculator Work?

Use this Lake Park property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Lake Park's median effective tax rate of 0.55% — based on actual property records in Becker County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local assessment district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Lake Park's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.

Your bill may vary by ZIP code within Lake Park: rates range from 2038.00% in 56554 to 2038.00% in 56554, primarily due to differences in school district levies and local assessment districts.

For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Lake Park.

About Lake Park Property Taxes

About Property Taxes in Lake Park, Becker, Minnesota

Lake Park's median effective property tax rate of 0.55% is lower than the Minnesota state median of 1.13% and lower than the national median of 1.02%. This rate reflects the Becker County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.

Property tax rates are not uniform across Lake Park. Homeowners in the 56554 ZIP code carry a median effective rate of 0.55%, while those in the same ZIP code pay 0.55%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Becker County. Understanding which part of Lake Park you live in can make a meaningful difference to your annual tax bill.

Lake Park homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the April 30, 2026 deadline each year.

If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.

Property Tax Rates Across Lake Park, Becker County, Minnesota

As noted earlier, local government entities set tax rates, which can vary widely within a state.

Why? 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 Lake Park's effective property tax rate to other cities in Minnesota and the median property tax rates in Minnesota and the U.S.

Property Tax Rates Across Lake Park, Becker County, Minnesota

Source: Ownwell

0.51%

0.66%

0.80%

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 Lake Park Tax Rate

0.55%

Median Effective Becker County Tax Rate

0.62%

Median Effective Minnesota Tax Rate

1.13%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lake Park, Becker County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
56554	0.38%	0.49%	0.55%	0.63%	0.78%

Source: Ownwell

Property Tax Assessment Values Across Lake Park, Becker County, Minnesota

When examining property taxes in Lake Park, 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 Becker County 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 Becker 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 Lake Park.

For example, the median home price in Lake Park is $363,100, with tax bills ranging significantly across the county. 56554 has the highest median home price at $363,100.

Property Tax Assessment Values Across Lake Park, Becker County, Minnesota

Source: Ownwell

$198,100

$320,550

$443,000

Median Lake Park Market Value

$363,100

Median Becker County Market Value

$287,700

Median Minnesota Market Value

$304,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lake Park, Becker County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
56554	$48,020	$176,200	$363,100	$593,100	$913,360

Source: Ownwell

Property Tax Bills Across Lake Park, Becker County, Minnesota

Property tax bills in Lake Park are based on the assessed value of a home and the local tax rate set by taxing authorities in Becker County. The bill is determined by multiplying the taxable assessed value by the applicable rate, then adjusting for any exemptions or local levies that apply. Because taxes are tied to assessed value, homes with higher market values generally face larger bills.

For Lake Park homeowners, the median home price is $363,100, and the median property tax bill is $2,038, which is below the national median property tax bill of $2,400. Bills can vary widely, with the 25th percentile at $1,002 and the 75th percentile at $3,122, while the 90th percentile reaches $4,897. This means two similar homes can still have very different tax bills depending on their assessed value and the specific local rates applied.

Property Tax Bills Across Lake Park, Becker County, Minnesota

Source: Ownwell

$1,209

$1,755

$2,300

Median Lake Park Tax Bill

$2,038

Median Becker County Tax Bill

$1,896

Median Minnesota Tax Bill

$3,364

Median United States Tax Bill

$2,400

Property Tax Bills Across Lake Park, Becker County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
56554	$222	$1,002	$2,038	$3,122	$4,897

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	April 30

Links
Becker Tax Assessor
Website	gis-server.co.becker.mn.us

Frequently Asked Property Tax Questions in Lake Park, Minnesota

How are property taxes calculated in Lake Park, Minnesota?

Property taxes in Lake Park, Minnesota are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.

How do I appeal my property taxes in Lake Park, Minnesota?

To appeal your property taxes in Lake Park, Minnesota, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.

What property tax exemptions are available in Lake Park, Minnesota?

Common property tax exemptions in Lake Park, Minnesota include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.

When are property taxes due in Lake Park, Minnesota?

Property tax deadlines in Lake Park, Minnesota vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.

How can Ownwell help reduce my property taxes in Lake Park, Minnesota?

Ownwell provides professional property tax appeal services in Lake Park, Minnesota. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.