Pequot Lakes, Crow Wing County, Minnesota Property Taxes

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

Median PEQUOT LAKES, MN effective property tax rate: 0.57%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median PEQUOT LAKES, MN home value: $225,300
Median annual PEQUOT LAKES, MN tax bill: $1,390, $1,010 lower than the national median property tax bill of $2,400.

How are property taxes in Crow Wing calculated?

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

Last Updated March 1, 2025

Pequot 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

$1,284

$1,192

Ownwell’s Pequot Lakes Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Pequot Lakes with just two data points. By entering your property's estimated assessed value, our calculator applies Pequot 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 Pequot Lakes, Crow Wing County, Minnesota

Local government entities in Minnesota, such as those in Pequot Lakes in Crow Wing County, set property tax rates that can vary significantly across the state. This variation is primarily due to each county's annual budget requirements, which are determined by estimating the funds needed to provide local services. The total budget is then divided by the total assessed value of all taxable property within the county, resulting in the property tax rate. This process, while involving votes and legislation, essentially boils down to this annual calculation.

In Pequot Lakes, the effective property tax rate reflects the county's fiscal needs and property values. When compared to other cities in Minnesota, Pequot Lakes' rate offers a unique perspective on local taxation. The median property tax rate in Minnesota, including Pequot Lakes, can be contrasted with the national median property tax rate of 1.02%. Such comparisons highlight how local economic factors and governance impact property tax obligations, providing valuable insights for property owners considering tax appeal and exemption services.

Property Tax Rates Across Pequot Lakes, 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 Pequot Lakes Tax Rate

0.57%

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 Pequot Lakes, Crow Wing County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
56472	0.42%	0.47%	0.57%	0.75%	0.86%

Source: Ownwell

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

When examining property taxes in Pequot 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 appraisal district 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.

Assessment notices:

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 Pequot Lakes.

For example, the median home price in Pequot Lakes is $225,300, with tax bills ranging significantly across the county. Zip code 56472 has the highest median home price at $225,300.

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

Source: Ownwell

$35,250

$296,675

$558,100

Median Pequot Lakes Market Value

$225,300

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 Pequot Lakes, Crow Wing County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
56472	$23,500	$56,925	$225,300	$495,000	$884,700

Source: Ownwell

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

In Pequot Lakes, nestled in Crow Wing County, MN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This value is then multiplied by the local tax rate to calculate the property tax bill. The median home price in this area is $225,300, which influences the tax bill amount. Homeowners in Pequot Lakes experience a range of property tax bills, with the 25th percentile at $299 and the 90th percentile reaching up to $5,216, reflecting the variability in assessed values and tax rates. The median property tax bill in the area is $1,390, which is below the national median of $2,400. This can be a relief for homeowners but also highlights the importance of ensuring that their property is assessed accurately. Ownwell offers a solution by providing property tax appeal services, helping homeowners potentially lower their tax bills by ensuring their property assessments are fair and accurate, ultimately saving them money.

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

Source: Ownwell

$180

$1,876

$3,571

Median Pequot Lakes Tax Bill

$1,390

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 Pequot Lakes, Crow Wing County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
56472	$124	$299	$1,390	$3,092	$5,216

Source: Ownwell