Nevis, Hubbard County, Minnesota Property Taxes
Median Nevis, MN effective property tax rate: 0.71%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Nevis, MN home value: $272,500
Median annual Nevis, MN tax bill: $1,972, $428 lower than the national median property tax bill of $2,400.
How are property taxes in Hubbard County calculated?
Property taxes in Nevis, 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 Nevis’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Nevis, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Nevis, Hubbard County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.71%
Estimate Property Tax Bill
$1,935
$1,795
Property Tax Rates Across Nevis, Hubbard County, Minnesota
Local government entities determine tax rates, and these can differ significantly within a state. This variation occurs because each year, counties estimate the budget required to provide essential services. They then divide this budget by the total value of all taxable property within their jurisdiction, leading to the property tax rate. Although votes and laws play a role in establishing tax rates and budgets, this is essentially the annual procedure.
In Nevis, located in Hubbard County, Minnesota, the effective property tax rate is a crucial factor for property owners. Comparing Nevis's rate to other cities within Minnesota reveals its position in the state's property tax landscape. The median property tax rate in Minnesota is notably lower than the national median rate of 1.02%, offering potential savings for property owners. Understanding these rates is vital for homeowners considering property tax appeals or exemptions, as it can significantly impact their financial planning. Evaluating how Nevis's tax rate aligns with state and national averages provides valuable insight into the local property tax environment.
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 Nevis Tax Rate
0.71%
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 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 Nevis, Hubbard County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56467 | 0.60% | 0.67% | 0.71% | 0.75% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Nevis, Hubbard County, Minnesota
When examining property taxes in Nevis, 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, influenced by location, property condition, and economic trends. The Hubbard 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 Hubbard 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 Nevis.
For example, the median home price in Nevis is $272,500, with tax bills ranging significantly across the county. Zip code 56467 has the highest median home price at $272,500.
Property Tax Assessment Values Across Nevis, Hubbard County, Minnesota
Source: Ownwell
$156,200
$220,000
$283,800
Median Nevis Market Value
$272,500
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 Nevis, Hubbard County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56467 | $81,100 | $154,550 | $272,500 | $403,350 | $538,700 |
Source: Ownwell
Property Tax Bills Across Nevis, Hubbard County, Minnesota
Median Nevis Tax Bill
$1,972
Median Hubbard County Tax Bill
$1,832
Median Minnesota Tax Bill
$3,182
Median United States Tax Bill
$2,400
Property Tax Bills Across Nevis, Hubbard County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56467 | $576 | $1,192 | $1,972 | $2,846 | $3,834 |
Source: Ownwell