Lake Shore, Cass County, Minnesota Property Taxes
Median LAKE SHORE, MN effective property tax rate: 0.77%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median LAKE SHORE, MN home value: $520,050
Median annual LAKE SHORE, MN tax bill: $3,627, $1,227 higher than the national median property tax bill of $2,400.
How are property taxes in Cass calculated?
Property taxes in LAKE SHORE, 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 LAKE SHORE’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in LAKE SHORE, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lake Shore, Cass County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.77%
Estimate Property Tax Bill
$4,004
$3,716
Property Tax Rates Across Lake Shore, Cass County, Minnesota
Local government entities set tax rates, leading to significant variation within Minnesota. 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 Shore’s effective property tax rate to other cities in Minnesota and the median property tax rates in Minnesota and the U.S. Minnesota's median property tax rate is 0.77%, which is lower than the national median of 1.02%. This means that property owners in Lake Shore and the rest of Cass County typically benefit from lower property tax rates compared to many other regions in the United States. Understanding these rates can help property owners make informed decisions about appealing their property taxes or seeking exemptions. By engaging with these rates, property owners can potentially reduce their tax burden, ensuring they only pay what is fair and equitable.
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 Shore Tax Rate
0.77%
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 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 Lake Shore, Cass County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56468 | 0.62% | 0.74% | 0.77% | 0.77% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Lake Shore, Cass County, Minnesota
When examining property taxes in Lake Shore, 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'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 Cass 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 Shore.
For example, the median home price in Lake Shore is $520,050, with tax bills ranging significantly across the county. Zip code 56468 has the highest median home price at $520,050.
Property Tax Assessment Values Across Lake Shore, Cass County, Minnesota
Source: Ownwell
$20,200
$300,525
$580,850
Median Lake Shore Market Value
$520,050
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 Lake Shore, Cass County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56468 | $111,670 | $273,400 | $520,050 | $571,000 | $634,540 |
Source: Ownwell
Property Tax Bills Across Lake Shore, Cass County, Minnesota
Median Lake Shore Tax Bill
$3,627
Median Cass County Tax Bill
$1,350
Median Minnesota Tax Bill
$3,182
Median United States Tax Bill
$2,400
Property Tax Bills Across Lake Shore, Cass County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56468 | $884 | $2,043 | $3,627 | $4,390 | $4,980 |
Source: Ownwell