Fifty Lakes, Cass County, Minnesota Property Taxes

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

Median Fifty Lakes, MN effective property tax rate: 0.54%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Fifty Lakes, MN home value: $191,000
Median annual Fifty Lakes, MN tax bill: $958, $1,442 lower than the national median property tax bill of $2,400.

How are property taxes in Cass County calculated?

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

Last Updated March 1, 2025

Fifty Lakes, Cass County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.54%

Estimate Property Tax Bill

$1,031

$957

Ownwell’s Fifty Lakes Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fifty Lakes with just two data points. By entering your property's estimated assessed value, our calculator applies Fifty Lakes’ median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Cass 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 Cass County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Fifty Lakes, Cass County, Minnesota

Local government entities set tax rates, which can vary widely within a state. 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 FIFTY LAKES’s effective property tax rate to other cities in Minnesota and the median property tax rates in Minnesota and the U.S. FIFTY LAKES, located in Cass County, has an effective property tax rate of 0.54%, which is significantly lower than the national median of 1.02%. This means that residents in FIFTY LAKES may benefit from lower property tax bills compared to other parts of the country. The median property tax bill for the area is also considerably below the national median of $2400. This favorable tax climate can make FIFTY LAKES an attractive option for property owners looking to minimize their tax burden while enjoying the amenities and services provided by the local government.

Property Tax Rates Across Fifty Lakes, Cass County, Minnesota

Source: Ownwell

0.36%

0.63%

0.90%

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 Fifty Lakes Tax Rate

0.54%

Median Effective Cass County Tax Rate

0.53%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Fifty Lakes, Cass County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
56448	0.45%	0.47%	0.54%	0.55%	0.55%

Source: Ownwell

Property Tax Assessment Values Across Fifty Lakes, Cass County, Minnesota

When examining property taxes in Fifty Lakes, 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 Cass County Assessor 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 Cass 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 Fifty Lakes. For example, the median home price in Fifty Lakes is $191,000, with tax bills ranging significantly across the county. Zip code 56448 has the highest median home price at $191,000.

Property Tax Assessment Values Across Fifty Lakes, Cass County, Minnesota

Source: Ownwell

$20,200

$300,525

$580,850

Median Fifty Lakes Market Value

$191,000

Median Cass County Market Value

$248,800

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Fifty Lakes, Cass County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
56448	$85,000	$119,200	$191,000	$324,000	$404,660

Source: Ownwell

Property Tax Bills Across Fifty Lakes, Cass County, Minnesota

In Fifty Lakes, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the total tax bill. In Cass County, the median property tax bill is $958, which is significantly lower than the national median property tax bill of $2400. Homeowners in Fifty Lakes can expect to pay lower taxes compared to the national average, but the tax bill can still vary. For instance, the 25th percentile tax bill is $654, while the 75th percentile reaches $1594, and the 90th percentile is $1908. These variations are influenced by factors such as property location, improvements, and market conditions. Ownwell can assist homeowners in Fifty Lakes by reviewing their property assessments and identifying potential savings. By appealing inaccurate assessments and ensuring eligible exemptions are applied, Ownwell helps reduce property tax burdens, allowing homeowners to save more on their annual tax bills.

Property Tax Bills Across Fifty Lakes, Cass County, Minnesota

Source: Ownwell

$118

$2,074

$4,030

Median Fifty Lakes Tax Bill

$958

Median Cass County Tax Bill

$1,350

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Fifty Lakes, Cass County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
56448	$468	$654	$958	$1,594	$1,908

Source: Ownwell