Pine Island, Dodge County, Minnesota Property Taxes

Name: Property Tax Bills Across Pine Island, Dodge County, Minnesota
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Pine Island, MN effective property tax rate: 0.87%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Pine Island, MN home value: $503,150
Median annual Pine Island, MN tax bill: $3,675, $1,275 higher than the national median property tax bill of $2,400.

How are property taxes in Dodge calculated?

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

Last Updated March 1, 2025

Pine Island, Dodge County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.87%

Estimate Property Tax Bill

$4,377

$4,062

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

Property Tax Rates Across Pine Island, Dodge County, Minnesota

Local government entities set tax rates, which can vary widely within a state. 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 Pine Island’s effective property tax rate to other cities in Minnesota and the median property tax rates in Minnesota and the U.S. Pine Island in Dodge County has a median property tax rate of 0.87%. This rate is below the national median property tax rate of 1.02%, offering a more affordable tax burden compared to many other locations across the country. Despite being lower than the national average, this rate is consistent across all zip codes in Pine Island, ensuring uniformity in property taxation within the area. Homeowners in Pine Island benefit from this lower tax rate, which can contribute to a more cost-effective living environment compared to the national landscape.

Property Tax Rates Across Pine Island, Dodge County, Minnesota

Source: Ownwell

0.75%

1.05%

1.34%

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 Pine Island Tax Rate

0.87%

Median Effective Dodge County Tax Rate

1.28%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Pine Island, Dodge County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55963	0.43%	0.55%	0.87%	0.94%	0.94%

Source: Ownwell

Property Tax Assessment Values Across Pine Island, Dodge County, Minnesota

When examining property taxes in Pine Island, 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 Dodge 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.

In Dodge 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 Pine Island. For example, the median home price in Pine Island is $503,150, with tax bills ranging significantly across the county. 55963 has the highest median home price at $503,150.

Property Tax Assessment Values Across Pine Island, Dodge County, Minnesota

Source: Ownwell

$226,900

$365,025

$503,150

Median Pine Island Market Value

$503,150

Median Dodge County Market Value

$291,650

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Pine Island, Dodge County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55963	$304,930	$379,225	$503,150	$664,400	$935,570

Source: Ownwell

Property Tax Bills Across Pine Island, Dodge County, Minnesota

In Pine Island, Dodge County, MN, property tax bills are determined by assessing the property's market value and applying the local tax rate. Homeowners face a median property tax bill of $3,675, which is significantly higher than the national median of $2,400. This discrepancy is due to the local tax rate and the assessed market value of homes, with the median home price in Pine Island being $503,150. Factors such as property size, location, and improvements can influence the assessed value, thus impacting the tax bill. Homeowners in Pine Island, particularly those with tax bills in the 75th percentile ($4,676) and 90th percentile ($5,955), may find themselves paying considerably more.

Ownwell can assist homeowners in Pine Island by providing expert property tax appeal services. By analyzing property assessments and identifying discrepancies, Ownwell helps ensure homeowners are not overpaying. This service can lead to significant savings, offering peace of mind and financial relief to homeowners burdened by high property tax bills.

Property Tax Bills Across Pine Island, Dodge County, Minnesota

Source: Ownwell

$2,404

$3,332

$4,260

Median Pine Island Tax Bill

$3,675

Median Dodge County Tax Bill

$3,286

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Pine Island, Dodge County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55963	$2,081	$2,912	$3,675	$4,676	$5,955

Source: Ownwell