Pengilly, Itasca County, Minnesota Property Taxes
Median Pengilly, MN effective property tax rate: 0.91%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Pengilly, MN home value: $167,150
Median annual Pengilly, MN tax bill: $1,417, $983 lower than the national median property tax bill of $2,400.
How are property taxes in Itasca County calculated?
Property taxes in Pengilly, 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 Pengilly’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Pengilly, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Pengilly, Itasca County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.97%
Estimate Property Tax Bill
$1,854
$1,720
Ownwell’s Pengilly Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Pengilly with just two data points.
By entering your property's estimated assessed value, our calculator applies Pengilly’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 Itasca County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Pengilly, Itasca County, Minnesota
Local government entities determine tax rates, which can vary significantly within a state. Annually, each county estimates 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 there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Pengilly, located in Itasca County, Minnesota, the effective property tax rate is 0.91%. This rate is slightly below the national median property tax rate of 1.02% and aligns with the state median. Itasca County’s property tax rate reflects the county’s budgetary needs and the total assessed value of properties. By comparing Pengilly’s rate with other cities in Minnesota and the national median, property owners can gain insight into how their taxes stack up. Understanding these differences can help property owners make informed decisions about potential tax appeals or exemptions, ensuring they are not overpaying on their property taxes.
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 Pengilly Tax Rate
0.97%
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 Itasca County Tax Rate
0.91%
Median Effective Minnesota Tax Rate
1.13%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Pengilly, Itasca County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55775 | 0.43% | 0.69% | 0.97% | 1.09% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Pengilly, Itasca County, Minnesota
Property Tax Assessment Values Across Pengilly, Itasca County, Minnesota
Source: Ownwell
$72,000
$174,275
$276,550
Median Pengilly Market Value
$191,100
Median Itasca County Market Value
$185,800
Median Minnesota Market Value
$304,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Pengilly, Itasca County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55775 | $42,680 | $114,400 | $191,100 | $295,400 | $427,700 |
Source: Ownwell
Property Tax Bills Across Pengilly, Itasca County, Minnesota
In Pengilly, located in Itasca County, MN, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. With a median home price of $167,150, homeowners in this area can expect varying tax bills. For instance, the 25th percentile tax bill is $710, while the 75th percentile reaches $2,312, and the 90th percentile can climb to $3,490. These figures show how property taxes can significantly impact household budgets, especially when compared to the national median property tax bill of $2,400.
Homeowners in Pengilly can benefit from Ownwell's expertise in property tax appeals and exemptions. By analyzing local market trends and property assessments, Ownwell can identify opportunities for reducing tax liabilities, helping homeowners save money on their annual tax bills. This service ensures that residents pay only their fair share, potentially lowering their financial burden.
Median Pengilly Tax Bill
$1,626
Median Itasca County Tax Bill
$1,544
Median Minnesota Tax Bill
$3,364
Median United States Tax Bill
$2,400
Property Tax Bills Across Pengilly, Itasca County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55775 | $284 | $694 | $1,626 | $2,756 | $4,255 |
Source: Ownwell