Deerwood, Crow Wing County, Minnesota Property Taxes

Name: Property Tax Bills Across Deerwood, Crow Wing County, Minnesota
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Deerwood, MN effective property tax rate: 0.52%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Deerwood, MN home value: $346,300
Median annual Deerwood, MN tax bill: $1,862, $538 lower than the national median property tax bill of $2,400.

How are property taxes in Crow Wing County calculated?

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

Last Updated March 1, 2025

Deerwood, Crow Wing County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.52%

Estimate Property Tax Bill

$1,801

$1,671

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

Property Tax Rates Across Deerwood, Crow Wing County, Minnesota

Local government entities set tax rates, which can vary widely within a state. This variation stems from each county's annual process of estimating its required budget to provide services and dividing that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially how it works each year. In Deerwood, located in Crow Wing County, MN, the effective property tax rate stands out when compared to other cities in Minnesota and the national landscape. With a median property tax rate of 0.52%, Deerwood's rate is significantly lower than the national median of 1.02%. This means that residents in Deerwood enjoy a more favorable tax environment compared to many other areas across the country. Understanding these nuances in property tax rates can help property owners better navigate their financial responsibilities and potentially explore opportunities for appealing their property taxes.

Property Tax Rates Across Deerwood, Crow Wing County, Minnesota

Source: Ownwell

0.42%

0.68%

0.94%

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 Deerwood Tax Rate

0.52%

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 Deerwood, Crow Wing County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
56444	0.39%	0.47%	0.52%	0.59%	0.72%

Source: Ownwell

Property Tax Assessment Values Across Deerwood, Crow Wing County, Minnesota

When examining property taxes in Deerwood, 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 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 Deerwood. For example, the median home price in Deerwood is $346,300, with tax bills ranging significantly across the county. Zip code 56444 has the highest median home price at $346,300.

Property Tax Assessment Values Across Deerwood, Crow Wing County, Minnesota

Source: Ownwell

$35,250

$296,675

$558,100

Median Deerwood Market Value

$346,300

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 Deerwood, Crow Wing County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
56444	$54,960	$163,800	$346,300	$577,300	$852,240

Source: Ownwell

Property Tax Bills Across Deerwood, Crow Wing County, Minnesota

In Deerwood, located in Crow Wing County, MN, property tax bills are calculated based on the assessed value of a home and the local tax rate. With a median home price of $346,300, homeowners in this area face varying tax bills. The tax bill at the 25th percentile is $822, while at the 75th percentile, it rises to $3,212. For those at the 90th percentile, tax bills can reach up to $5,018. The highest and lowest median tax bill in the 56444 zip code is $1,862, highlighting the range within the community. Compared to the national median property tax bill of $2,400, Deerwood's figures show some homeowners pay significantly less, while others pay more. These tax bills are influenced by factors such as property improvements and local government budgets. Homeowners can reduce their tax burden by working with Ownwell, which specializes in property tax appeals and exemptions. By leveraging expert knowledge, Ownwell can help ensure homeowners are not overpaying on their property taxes, potentially saving them a substantial amount each year.

Property Tax Bills Across Deerwood, Crow Wing County, Minnesota

Source: Ownwell

$180

$1,876

$3,571

Median Deerwood Tax Bill

$1,862

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 Deerwood, Crow Wing County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
56444	$230	$822	$1,862	$3,212	$5,018

Source: Ownwell