Foreston, Mille Lacs County, Minnesota Property Taxes
Median Foreston, MN effective property tax rate: 0.95%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Foreston, MN home value: $285,850
Median annual Foreston, MN tax bill: $2,592, $192 higher than the national median property tax bill of $2,400.
How are property taxes in Mille Lacs calculated?
Property taxes in Foreston, 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 Foreston’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Foreston, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Foreston, Mille Lacs County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.95%
Estimate Property Tax Bill
$2,716
$2,520
Property Tax Rates Across Foreston, Mille Lacs County, Minnesota
Local government entities set tax rates, which can vary widely within a state. This annual process involves each county estimating its required budget to provide services and dividing that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the process in a nutshell.
In Foreston, located in Mille Lacs County, the effective property tax rate is 0.95%. This rate is slightly below the national median property tax rate of 1.02%, offering potential savings for property owners in the area. Compared to other cities in Minnesota, Foreston's rate aligns with the state's median, reflecting a consistent approach across the region.
For homeowners, understanding these rates is crucial for financial planning and property investment decisions. By appealing or seeking exemptions, property owners in Foreston can potentially reduce their tax burden further. This proactive approach can lead to significant savings, making it an attractive option for those looking to optimize their property-related expenses.
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 Foreston Tax Rate
0.95%
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 Mille Lacs County Tax Rate
1.02%
Median Effective Minnesota Tax Rate
1.11%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Foreston, Mille Lacs County, Minnesota
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
56330 | 0.61% | 0.83% | 0.95% | 1.14% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Foreston, Mille Lacs County, Minnesota
When examining property taxes in Foreston, 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 Mille Lacs 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 Mille Lacs 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 Foreston. For example, the median home price in Foreston is $285,850, with tax bills ranging significantly across the county. Zip code 56330 has the highest median home price at $285,850.
Property Tax Assessment Values Across Foreston, Mille Lacs County, Minnesota
Source: Ownwell

$77,800
$194,175
$310,550
Median Foreston Market Value
$285,850
Median Mille Lacs County Market Value
$240,400
Median Minnesota Market Value
$290,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Foreston, Mille Lacs County, Minnesota
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
56330 | $135,720 | $196,700 | $285,850 | $376,725 | $488,220 |
Source: Ownwell
Property Tax Bills Across Foreston, Mille Lacs County, Minnesota
Median Foreston Tax Bill
$2,592
Median Mille Lacs County Tax Bill
$2,562
Median Minnesota Tax Bill
$3,182
Median United States Tax Bill
$2,400
Property Tax Bills Across Foreston, Mille Lacs County, Minnesota
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
56330 | $992 | $1,830 | $2,592 | $3,602 | $4,454 |
Source: Ownwell