Winsted, Carver County, Minnesota Property Taxes
Median Winsted, MN effective property tax rate: 0.58%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Winsted, MN home value: $494,500
Median annual Winsted, MN tax bill: $3,094, $694 higher than the national median property tax bill of $2,400.
How are property taxes in Carver calculated?
Property taxes in Winsted, 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 Winsted’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Winsted, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Winsted, Carver County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.58%
Estimate Property Tax Bill
$2,868
$2,662
Property Tax Rates Across Winsted, Carver County, Minnesota
Local government entities play a crucial role in setting property tax rates, leading to significant variations within a state. Each county, including those in Minnesota, annually estimates its budgetary needs to provide essential services. This budget is then divided by the total assessed value of all taxable properties within the county, resulting in the property tax rate. This process, though influenced by votes and laws, forms the crux of how tax rates are determined each year.
In Winsted, located in Carver County, the effective property tax rate is a point of interest. When compared to other cities in Minnesota, Winsted's rate provides insight into the broader tax landscape of the state. The median property tax rate in Minnesota can be compared to the national median, offering perspective on how local rates align with or diverge from national trends. This comparison is vital for property owners seeking to understand their tax obligations and potential savings through appeals or 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 Winsted Tax Rate
0.58%
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 Carver County Tax Rate
1.09%
Median Effective Minnesota Tax Rate
1.11%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Winsted, Carver County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55395 | 0.30% | 0.40% | 0.58% | 0.88% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Winsted, Carver County, Minnesota
When examining property taxes in Winsted, 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 Carver 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 Carver County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. 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 Winsted. For example, the median home price in Winsted is $494,500, with tax bills ranging significantly across the county. Zip code 55395 has the highest median home price at $494,500.
Property Tax Assessment Values Across Winsted, Carver County, Minnesota
Source: Ownwell
$249,300
$432,500
$615,700
Median Winsted Market Value
$494,500
Median Carver County Market Value
$399,500
Median Minnesota Market Value
$290,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Winsted, Carver County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55395 | $293,160 | $414,050 | $494,500 | $769,150 | $1,010,140 |
Source: Ownwell
Property Tax Bills Across Winsted, Carver County, Minnesota
In Winsted, located in Carver County, MN, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. This rate is influenced by local government budgets and public service funding needs. Homeowners in Winsted face a median property tax bill of $3,094, which is significantly higher than the national median of $2,400. The tax bill can range from $2,221 at the 25th percentile to $5,542 at the 90th percentile, reflecting the variation in property values and assessments within the area.
Factors influencing the tax bill include the property's assessed value, local levy rates, and applicable exemptions. Higher property values typically result in higher tax bills, impacting homeowners' financial planning. Ownwell offers valuable services to help homeowners reduce their property tax burden. By leveraging expertise in property tax appeals and exemptions, Ownwell can identify potential savings and assist homeowners in securing lower tax bills, ensuring they pay only their fair share.
Median Winsted Tax Bill
$3,094
Median Carver County Tax Bill
$4,166
Median Minnesota Tax Bill
$3,182
Median United States Tax Bill
$2,400
Property Tax Bills Across Winsted, Carver County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55395 | $1,776 | $2,221 | $3,094 | $3,954 | $5,542 |
Source: Ownwell