Cross Lake, Crow Wing County, Minnesota Property Taxes
Median Cross Lake, MN effective property tax rate: 0.56%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Cross Lake, MN home value: $73,100
Median annual Cross Lake, MN tax bill: $432, $1,968 lower than the national median property tax bill of $2,400.
How are property taxes in Crow Wing calculated?
Property taxes in Cross Lake, 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 Cross Lake’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cross Lake, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Cross Lake, Crow Wing County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.56%
Estimate Property Tax Bill
$409
$380
Property Tax Rates Across Cross Lake, Crow Wing County, Minnesota
Local government entities set tax rates, which can vary widely within a state. This is 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.
The city of Cross Lake in Crow Wing County, Minnesota, presents an interesting case. Cross Lake's effective property tax rate stands at 0.56%, which is notably lower than the national median property tax rate of 1.02%. This means that homeowners in Cross Lake generally pay less in property taxes compared to the average American homeowner. While the national median property tax bill is $2,400, residents of Cross Lake benefit from a more modest tax burden. Such differences highlight the importance of understanding local property tax rates and their impact on homeowners. In Minnesota, property tax rates can differ significantly, making it crucial for property owners to stay informed and consider appealing their assessments to ensure they are not overpaying.
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 Cross Lake Tax Rate
0.56%
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 Crow Wing County Tax Rate
0.59%
Median Effective Minnesota Tax Rate
1.11%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cross Lake, Crow Wing County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56442 | 0.43% | 0.50% | 0.56% | 0.58% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Cross Lake, Crow Wing County, Minnesota
When examining property taxes in Cross Lake, 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 Crow Wing 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 Crow Wing 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 Cross Lake.
For example, the median home price in Cross Lake is $73,100, with tax bills ranging significantly across the county. The zip code 56442 has the highest median home price at $73,100.
Property Tax Assessment Values Across Cross Lake, Crow Wing County, Minnesota
Source: Ownwell
$35,250
$296,675
$558,100
Median Cross Lake Market Value
$73,100
Median Crow Wing County Market Value
$265,300
Median Minnesota Market Value
$290,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cross Lake, Crow Wing County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56442 | $11,420 | $46,400 | $73,100 | $305,200 | $557,880 |
Source: Ownwell
Property Tax Bills Across Cross Lake, Crow Wing County, Minnesota
Median Cross Lake Tax Bill
$432
Median Crow Wing County Tax Bill
$1,562
Median Minnesota Tax Bill
$3,182
Median United States Tax Bill
$2,400
Property Tax Bills Across Cross Lake, Crow Wing County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56442 | $64 | $240 | $432 | $1,730 | $3,165 |
Source: Ownwell