Fifty Lakes, Crow Wing County, Minnesota Property Taxes

Name: Property Tax Bills Across Fifty Lakes, Crow Wing 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: $324,100
Median annual Fifty Lakes, MN tax bill: $1,721, $679 lower than the national median property tax bill of $2,400.

How are property taxes in Crow Wing 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’s 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, Crow Wing County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.57%

Estimate Property Tax Bill

$1,837

$1,705

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 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 Fifty Lakes, Crow Wing County, Minnesota

Local government entities determine tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its budgetary needs to provide essential services and divides that by the total value of all taxable property within its jurisdiction. The result of this calculation is the property tax rate. Although votes and legislative measures play a role in setting these rates and budgets, this is essentially the annual procedure.

In Fifty Lakes, located in Crow Wing County, the effective property tax rate stands at 0.54%. When compared to the national median property tax rate of 1.02%, Fifty Lakes offers a notably lower rate. This is advantageous for property owners in Fifty Lakes, as they benefit from lower property tax bills compared to the national median property tax bill of $2400. This favorable tax environment can be appealing to potential homeowners looking for a financially attractive location. By understanding how local tax rates are determined and comparing them to state and national figures, property owners can make informed decisions about where to live and invest.

Property Tax Rates Across Fifty Lakes, Crow Wing County, Minnesota

Source: Ownwell

0.39%

0.68%

0.98%

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

0.57%

Median Effective Crow Wing County Tax Rate

0.61%

Median Effective Minnesota Tax Rate

1.13%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Fifty Lakes, Crow Wing County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
56448	0.53%	0.56%	0.57%	0.58%	0.65%

Source: Ownwell

Property Tax Assessment Values Across Fifty Lakes, Crow Wing 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 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 Fifty Lakes. For example, the median home price in Fifty Lakes is $324,100, with tax bills ranging significantly across the county. ZIP code 56448 has the highest median home price at $324,100.

Property Tax Assessment Values Across Fifty Lakes, Crow Wing County, Minnesota

Source: Ownwell

$35,200

$295,450

$555,700

Median Fifty Lakes Market Value

$322,350

Median Crow Wing County Market Value

$276,950

Median Minnesota Market Value

$304,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Fifty Lakes, Crow Wing County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
56448	$96,950	$171,275	$322,350	$468,975	$769,520

Source: Ownwell

Property Tax Bills Across Fifty Lakes, Crow Wing County, Minnesota

In Fifty Lakes, located in Crow Wing County, MN, property tax bills are determined by assessing the market value of a home and applying the local tax rate. With a median home price of $324,100, homeowners face property tax bills that range significantly. The 25th percentile of tax bills is $876, while the 75th percentile reaches $2,698, and the 90th percentile can be as high as $4,738. The median property tax bill in this area is $1,721, which is below the national median of $2,400, reflecting a tax rate that is relatively lower than the national median property tax rate of 1.02%. These taxes fund essential local services such as schools, roads, and emergency services, impacting homeowners directly. However, many homeowners may be paying more than necessary. This is where Ownwell comes in, offering expert property tax appeal and exemption services. By analyzing your property’s assessed value and ensuring it is accurate, Ownwell helps homeowners potentially reduce their tax burden, maximizing savings and ensuring fair taxation.

Property Tax Bills Across Fifty Lakes, Crow Wing County, Minnesota

Source: Ownwell

$278

$2,031

$3,784

Median Fifty Lakes Tax Bill

$1,868

Median Crow Wing County Tax Bill

$1,666

Median Minnesota Tax Bill

$3,364

Median United States Tax Bill

$2,400

Property Tax Bills Across Fifty Lakes, Crow Wing County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
56448	$548	$1,026	$1,868	$2,722	$4,873

Source: Ownwell