Brook Park, Kanabec County, Minnesota Property Taxes

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

Median Brook Park, MN effective property tax rate: 1.03%, slightly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Brook Park, MN home value: $146,750
Median annual Brook Park, MN tax bill: $1,432, $968 lower than the national median property tax bill of $2,400.

How are property taxes in Kanabec calculated?

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

Last Updated March 1, 2025

Brook Park, Kanabec County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.03%

Estimate Property Tax Bill

$1,512

$1,403

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

Property Tax Rates Across Brook Park, Kanabec County, Minnesota

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide 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, in a nutshell, this is the annual process. Below, you can compare Brook Park’s effective property tax rate to other cities in Minnesota and the median property tax rates in Minnesota and the U.S.

Brook Park, located in Kanabec County, has an effective property tax rate that aligns closely with Minnesota's median tax rate of 1.03%. This is slightly above the national median property tax rate of 1.02%. Despite being a small community, Brook Park reflects the state's average, indicating a consistent approach to property tax assessments within the region. When considering property tax bills, Brook Park's rates are competitive, offering residents a fair balance compared to national figures. This consistency in tax rates can provide residents and potential property buyers with a predictable financial outlook, making Brook Park an attractive option for those seeking stability in property tax obligations.

Property Tax Rates Across Brook Park, Kanabec County, Minnesota

Source: Ownwell

0.82%

0.99%

1.17%

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 Brook Park Tax Rate

1.03%

Median Effective Kanabec County Tax Rate

1.11%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Brook Park, Kanabec County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55007	0.75%	0.90%	1.03%	1.13%	1.22%

Source: Ownwell

Property Tax Assessment Values Across Brook Park, Kanabec County, Minnesota

When examining property taxes in Brook Park, 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 Kanabec County Assessor 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 Kanabec 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 Brook Park.

For example, the median home price in Brook Park is $146,750, with tax bills ranging significantly across the county. Zip code 55007 has the highest median home price at $146,750.

Property Tax Assessment Values Across Brook Park, Kanabec County, Minnesota

Source: Ownwell

$146,750

$212,175

$277,600

Median Brook Park Market Value

$146,750

Median Kanabec County Market Value

$192,900

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Brook Park, Kanabec County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55007	$31,600	$71,650	$146,750	$249,900	$350,900

Source: Ownwell

Property Tax Bills Across Brook Park, Kanabec County, Minnesota

In Brook Park, MN, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the tax bill. The median home price in this area is $146,750, which serves as a baseline for calculating property taxes. Factors such as property size, location, and improvements can influence the assessed value, subsequently affecting the tax bill. In Kanabec County, where Brook Park is located, the median property tax bill is $1,432. This is below the national median property tax bill of $2,400, offering some relief to homeowners. However, the tax bill can vary significantly, with the 25th percentile at $662 and the 90th percentile reaching $3,697. Homeowners can benefit from appealing their property taxes or applying for exemptions to reduce their tax burden. By leveraging Ownwell's expertise, homeowners can potentially lower their tax bills, ensuring they only pay their fair share.

Property Tax Bills Across Brook Park, Kanabec County, Minnesota

Source: Ownwell

$1,277

$1,869

$2,460

Median Brook Park Tax Bill

$1,432

Median Kanabec County Tax Bill

$2,112

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Brook Park, Kanabec County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55007	$348	$662	$1,432	$2,576	$3,697

Source: Ownwell