Pelican Rapids, Clay County, Minnesota Property Taxes

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

Median Pelican Rapids, MN effective property tax rate: 0.49%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Pelican Rapids, MN home value: $325,100
Median annual Pelican Rapids, MN tax bill: $1,636, $764 lower than the national median property tax bill of $2,400.

How are property taxes in Clay County calculated?

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

Last Updated March 1, 2025

Pelican Rapids, Clay County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.7%

Estimate Property Tax Bill

$2,326

$2,159

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

Property Tax Rates Across Pelican Rapids, Clay County, Minnesota

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 Pelican Rapids’s effective property tax rate to other cities in Minnesota and the median property tax rates in Minnesota and the U.S. Pelican Rapids, located in Clay County, boasts a property tax rate of 0.49%, which is notably lower than the national median of 1.02%. This makes Pelican Rapids an attractive location for property owners seeking to minimize their tax burden. In comparison to other areas within Minnesota, Pelican Rapids offers one of the more favorable rates, aligning with the county's efficient budget management. With the national median property tax bill at $2400, residents in Pelican Rapids benefit from significant savings, making it an appealing choice for potential homeowners and investors alike.

Property Tax Rates Across Pelican Rapids, Clay County, Minnesota

Source: Ownwell

0.70%

1.08%

1.47%

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 Pelican Rapids Tax Rate

0.70%

Median Effective Clay County Tax Rate

1.42%

Median Effective Minnesota Tax Rate

1.13%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Pelican Rapids, Clay County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
56572	0.46%	0.59%	0.70%	0.74%	0.91%

Source: Ownwell

Property Tax Assessment Values Across Pelican Rapids, Clay County, Minnesota

When examining property taxes in Pelican Rapids, 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 Clay 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 Clay 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 Pelican Rapids. For example, the median home price in Pelican Rapids is $325,100, with tax bills ranging significantly across the county. Zip code 56572 has the highest median home price at $325,100.

Property Tax Assessment Values Across Pelican Rapids, Clay County, Minnesota

Source: Ownwell

$140,500

$236,400

$332,300

Median Pelican Rapids Market Value

$332,300

Median Clay County Market Value

$241,100

Median Minnesota Market Value

$304,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Pelican Rapids, Clay County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
56572	$105,150	$217,825	$332,300	$409,850	$535,800

Source: Ownwell

Property Tax Bills Across Pelican Rapids, Clay County, Minnesota

In Pelican Rapids, MN, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual tax bill. In this region, the median tax bill is $1,636, which is significantly lower than the national median property tax bill of $2,400. Various factors, such as changes in the market value of homes and local government budget requirements, can influence the assessed value and, consequently, the tax bill. For homeowners, this means that even minor changes in property value or tax rates can lead to noticeable differences in their annual tax expenses. Ownwell assists homeowners by offering property tax appeal services, potentially reducing their tax burden. By analyzing property assessments and current market conditions, Ownwell identifies opportunities for appealing excessive valuations, helping homeowners save on their property tax bills. This service is particularly beneficial in a fluctuating real estate market, ensuring homeowners pay only their fair share.

Property Tax Bills Across Pelican Rapids, Clay County, Minnesota

Source: Ownwell

$1,272

$2,399

$3,526

Median Pelican Rapids Tax Bill

$2,043

Median Clay County Tax Bill

$3,368

Median Minnesota Tax Bill

$3,364

Median United States Tax Bill

$2,400

Property Tax Bills Across Pelican Rapids, Clay County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
56572	$583	$1,395	$2,043	$2,708	$3,944

Source: Ownwell