Laporte, Hubbard County, Minnesota Property Taxes

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

Median Laporte, MN effective property tax rate: 0.76%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Laporte, MN home value: $234,700
Median annual Laporte, MN tax bill: $1,698, $702 lower than the national median property tax bill of $2,400.

How are property taxes in Hubbard calculated?

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

Last Updated March 1, 2025

Laporte, Hubbard County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.76%

Estimate Property Tax Bill

$1,784

$1,655

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

Property Tax Rates Across Laporte, Hubbard County, Minnesota

Local government entities are responsible for setting tax rates, which can differ significantly across a state. This variation occurs because each county annually estimates the budget needed to provide essential services. They then divide this budget by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. Although setting tax rates and budgets involves votes and legal processes, this is the fundamental yearly procedure.

In Laporte, located in Hubbard County, Minnesota, the effective property tax rate is worth noting. Compared to other cities in Minnesota, Laporte's rate provides a unique perspective on property taxation within the state. The median property tax rate in Minnesota is notably lower than the national median rate of 1.02%. This comparison highlights the diverse landscape of property taxation across different regions.

Understanding these differences is crucial for property owners looking to manage their tax liabilities effectively. By being informed about local tax rates, property owners in Laporte can make better financial decisions and potentially benefit from appealing or seeking exemptions where applicable.

Property Tax Rates Across Laporte, Hubbard County, Minnesota

Source: Ownwell

0.63%

0.80%

0.96%

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 Laporte Tax Rate

0.76%

Median Effective Hubbard County Tax Rate

0.75%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Laporte, Hubbard County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
56461	0.59%	0.69%	0.76%	0.79%	0.90%

Source: Ownwell

Property Tax Assessment Values Across Laporte, Hubbard County, Minnesota

When examining property taxes in Laporte, 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 Hubbard 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. Assessment notices: In Hubbard County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Laporte. For example, the median home price in Laporte is $234,700, with tax bills ranging significantly across the county. Zip code 56461 has the highest median home price at $234,700.

Property Tax Assessment Values Across Laporte, Hubbard County, Minnesota

Source: Ownwell

$156,200

$220,000

$283,800

Median Laporte Market Value

$234,700

Median Hubbard County Market Value

$236,000

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Laporte, Hubbard County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
56461	$64,580	$135,000	$234,700	$356,700	$513,700

Source: Ownwell

Property Tax Bills Across Laporte, Hubbard County, Minnesota

In Laporte, located in Hubbard County, MN, property tax bills are calculated based on the assessed value of a home. With a median home price of $234,700, homeowners can expect their tax bill to vary significantly. The tax bill for the 25th percentile is $951, while the 75th percentile reaches $2,618, and the 90th percentile climbs to $3,822. These figures highlight the variability in tax responsibilities, influenced by factors such as property location and assessed value. The median property tax bill in Laporte is $1,698, which is below the national median of $2,400, offering some relief to local homeowners. However, these costs can still place a financial burden on many. This is where Ownwell steps in, providing expert property tax appeal and exemption services. By leveraging their expertise, homeowners can potentially reduce their tax burden, ensuring they only pay their fair share. Ownwell's dedicated team helps navigate the complexities of property tax assessments, making the process more transparent and manageable for homeowners.

Property Tax Bills Across Laporte, Hubbard County, Minnesota

Source: Ownwell

$1,158

$1,596

$2,034

Median Laporte Tax Bill

$1,698

Median Hubbard County Tax Bill

$1,832

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Laporte, Hubbard County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
56461	$476	$951	$1,698	$2,618	$3,822

Source: Ownwell