Foreston, Benton County, Minnesota Property Taxes

Name: Property Tax Bills Across Foreston, Benton County, Minnesota
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Foreston, MN effective property tax rate: 0.65%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Foreston, MN home value: $289,550
Median annual Foreston, MN tax bill: $1,598, $802 lower than the national median property tax bill of $2,400.

How are property taxes in Benton County calculated?

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

Last Updated March 1, 2025

Foreston, Benton County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.65%

Estimate Property Tax Bill

$1,882

$1,747

Ownwell’s Foreston Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Foreston with just two data points. By entering your property's estimated assessed value, our calculator applies Foreston’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 Benton County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Foreston, Benton County, Minnesota

Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation is due to each county estimating its required budget annually to provide essential services and then dividing that 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 the basic annual process. Foreston, located in Benton County, has an effective property tax rate of 0.65%. This rate is notably lower than the national median property tax rate of 1.02%. This means that residents of Foreston enjoy a relatively lower property tax burden compared to many other areas in the United States. Such favorable rates can make Benton County an attractive place for property owners looking for lower tax obligations. Comparing Foreston’s tax rate with other cities in Minnesota and the national median provides insight into the variability and potential advantages of property ownership in this region.

Property Tax Rates Across Foreston, Benton County, Minnesota

Source: Ownwell

0.65%

0.92%

1.19%

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 Foreston Tax Rate

0.65%

Median Effective Benton County Tax Rate

1.02%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Foreston, Benton County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
56330	0.31%	0.44%	0.65%	0.76%	0.78%

Source: Ownwell

Property Tax Assessment Values Across Foreston, Benton County, Minnesota

When examining property taxes in Foreston, MN, 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 Benton 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 Benton 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 Foreston.

For example, the median home price in Foreston is $289,550, with tax bills ranging significantly across the county. Zip code 56330 has the highest median home price at $289,550.

Property Tax Assessment Values Across Foreston, Benton County, Minnesota

Source: Ownwell

$171,350

$271,225

$371,100

Median Foreston Market Value

$289,550

Median Benton County Market Value

$250,700

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Foreston, Benton County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
56330	$94,700	$167,550	$289,550	$409,850	$504,050

Source: Ownwell

Property Tax Bills Across Foreston, Benton County, Minnesota

In Foreston, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county and reflects a percentage of the market value of the property. Benton County, where Foreston is located, has a median property tax bill of $1,598, which is below the national median of $2,400. Homeowners in Foreston can expect their tax bills to vary, with the 25th percentile paying around $780 and the 75th percentile paying up to $2,524. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill.

Ownwell assists homeowners by providing property tax appeal and exemption services, potentially reducing their tax burden. By analyzing property assessments and market trends, Ownwell identifies opportunities to contest overvaluations. This can lead to significant savings, especially for those in higher tax brackets, such as the 90th percentile, where bills can reach $3,692. With Ownwell's expertise, homeowners can ensure their tax assessments are fair and accurate.

Property Tax Bills Across Foreston, Benton County, Minnesota

Source: Ownwell

$1,138

$2,229

$3,320

Median Foreston Tax Bill

$1,598

Median Benton County Tax Bill

$2,428

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Foreston, Benton County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
56330	$381	$780	$1,598	$2,524	$3,692

Source: Ownwell