Parkers Prairie, Douglas County, Minnesota Property Taxes
Median Parkers Prairie, MN effective property tax rate: 0.77%, significantly lower than the national median of 1.02%, but also lower than the Minnesota state median of 1.11%.
Median Parkers Prairie, MN home value: $270,750
Median annual Parkers Prairie, MN tax bill: $1,881, $519 lower than the national median property tax bill of $2,400.
How are property taxes in Douglas calculated?
Property taxes in Parkers Prairie, 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 Parkers Prairie’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Parkers Prairie, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Parkers Prairie, Douglas County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.77%
Estimate Property Tax Bill
$2,085
$1,935
Ownwell’s Parkers Prairie Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Parkers Prairie with just two data points.
By entering your property's estimated assessed value, our calculator applies Parkers Prairie’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 Douglas.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Parkers Prairie, Douglas County, Minnesota
Local government entities set tax rates, which can vary widely within a state. This variation occurs because annually, each county determines its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the core of the annual process.
In Parkers Prairie, located in Douglas County, MN, the effective property tax rate is 0.77%, which is below the national median of 1.02%. This lower rate can be an attractive factor for property owners, potentially reducing annual financial burdens compared to other areas. The median property tax bill in Parkers Prairie is also likely to be lower than the national median of $2,400, providing further relief to homeowners. When considering property investments or relocations, these favorable tax rates in Parkers Prairie can be a significant consideration.
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 Parkers Prairie Tax Rate
0.77%
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 Douglas County Tax Rate
0.86%
Median Effective Minnesota Tax Rate
1.11%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Parkers Prairie, Douglas County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56361 | 0.40% | 0.70% | 0.77% | 0.80% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Parkers Prairie, Douglas County, Minnesota
When examining property taxes in Parkers Prairie, 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 Douglas 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 Douglas 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 Parkers Prairie.
For example, the median home price in Parkers Prairie is $270,750, with tax bills ranging significantly across the county. Zip code 56361 has the highest median home price at $270,750.
Property Tax Assessment Values Across Parkers Prairie, Douglas County, Minnesota
Source: Ownwell
$129,300
$220,325
$311,350
Median Parkers Prairie Market Value
$270,750
Median Douglas County Market Value
$264,900
Median Minnesota Market Value
$290,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Parkers Prairie, Douglas County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56361 | $80,010 | $179,450 | $270,750 | $406,725 | $608,930 |
Source: Ownwell
Property Tax Bills Across Parkers Prairie, Douglas County, Minnesota
In Parkers Prairie, located in Douglas 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 $270,750, homeowners here face property tax bills that can vary significantly. The 25th percentile tax bill is $1,269, which is below the national median property tax bill of $2,400, while the 75th percentile reaches $2,806, surpassing the national median rate of 1.02%. These figures highlight the variability in tax obligations, influenced by factors such as property value and local tax rates.
For homeowners, these taxes can represent a substantial annual expense. However, Ownwell offers a solution. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially lower their tax bills. Our team analyzes property assessments and identifies opportunities for reductions, ensuring homeowners pay only their fair share. This service not only alleviates financial burdens but also provides peace of mind, knowing that property taxes are being managed effectively.
Property Tax Bills Across Parkers Prairie, Douglas County, Minnesota
Source: Ownwell
$1,172
$2,088
$3,003
Median Parkers Prairie Tax Bill
$1,881
Median Douglas County Tax Bill
$2,330
Median Minnesota Tax Bill
$3,182
Median United States Tax Bill
$2,400
Property Tax Bills Across Parkers Prairie, Douglas County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56361 | $648 | $1,269 | $1,881 | $2,806 | $3,827 |
Source: Ownwell