Wawina, Itasca County, Minnesota Property Taxes
Median Wawina, MN effective property tax rate: 0.58%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Wawina, MN home value: $130,850
Median annual Wawina, MN tax bill: $645, $1,755 lower than the national median property tax bill of $2,400.
How are property taxes in Itasca calculated?
Property taxes in Wawina, 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 Wawina’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Wawina, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Wawina, Itasca County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.49%
Estimate Property Tax Bill
$704
$653
Property Tax Rates Across Wawina, Itasca County, Minnesota
Local government entities set tax rates, which can vary widely within a state. This is because each county estimates its required budget annually to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Wawina, located in Itasca County, Minnesota, the effective property tax rate reflects this process. With a median tax rate of 0.58%, Wawina stands out in the state. This rate is significantly lower than the national median property tax rate of 1.02%, offering property owners in Wawina a more favorable tax environment compared to many other regions across the U.S. This lower rate can make a substantial difference in annual property tax bills, potentially saving property owners hundreds of dollars compared to the national median property tax bill of $2400. Understanding these rates and how they compare can be crucial for property owners looking to manage their expenses effectively.
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 Wawina Tax Rate
0.49%
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 Wawina, Itasca County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55736 | 0.24% | 0.36% | 0.49% | 0.89% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Wawina, Itasca County, Minnesota
When examining property taxes in Wawina, 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 Itasca 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 Itasca 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 Wawina. For example, the median home price in Wawina is $130,850, with tax bills ranging significantly across the county. 55736 has the highest median home price at $130,850.
Property Tax Assessment Values Across Wawina, Itasca County, Minnesota
Source: Ownwell
$72,000
$174,275
$276,550
Median Wawina Market Value
$143,650
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 Wawina, Itasca County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55736 | $57,800 | $89,925 | $143,650 | $173,225 | $206,150 |
Source: Ownwell
Property Tax Bills Across Wawina, Itasca County, Minnesota
Median Wawina Tax Bill
$667
Median Itasca County Tax Bill
$1,544
Median Minnesota Tax Bill
$3,364
Median United States Tax Bill
$2,400
Property Tax Bills Across Wawina, Itasca County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55736 | $200 | $458 | $667 | $890 | $1,672 |
Source: Ownwell