Milaca, Mille Lacs County, Minnesota Property Taxes
Median Milaca, MN effective property tax rate: 1.04%, slightly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Milaca, MN home value: $259,300
Median annual Milaca, MN tax bill: $2,668, $268 higher than the national median property tax bill of $2,400.
How are property taxes in Mille Lacs County calculated?
Property taxes in Milaca, 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 Milaca’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Milaca, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Milaca, Mille Lacs County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.11%
Estimate Property Tax Bill
$2,904
$2,695
Property Tax Rates Across Milaca, Mille Lacs 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 Milaca’s effective property tax rate to other cities in Minnesota and the median property tax rates in Minnesota and the U.S.
Milaca, located in Mille Lacs County, has a property tax rate that aligns closely with the state median of 1.04%, slightly above the national median of 1.02%. This consistency across Milaca and the state underscores the relative stability of property tax rates in the area. For homeowners, understanding these rates is crucial, as they directly impact annual tax bills. By comparing Milaca's rate to the national median property tax bill of $2,400, residents can gain insight into how their local taxes measure up. This knowledge is essential for making informed decisions about property investments and financial planning.
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 Milaca Tax Rate
1.11%
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
1.06%
Median Effective Minnesota Tax Rate
1.13%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Milaca, Mille Lacs County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56353 | 0.70% | 0.93% | 1.11% | 1.21% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Milaca, Mille Lacs County, Minnesota
When examining property taxes in Milaca, 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.
Assessment notices:
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 Milaca.
For example, the median home price in Milaca is $259,300, with tax bills ranging significantly across the county. Zip code 56353 has the highest median home price at $259,300.
Property Tax Assessment Values Across Milaca, Mille Lacs County, Minnesota
Source: Ownwell
$89,000
$209,900
$330,800
Median Milaca Market Value
$261,650
Median Mille Lacs County Market Value
$243,400
Median Minnesota Market Value
$304,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Milaca, Mille Lacs County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56353 | $124,580 | $185,825 | $261,650 | $359,600 | $464,400 |
Source: Ownwell
Property Tax Bills Across Milaca, Mille Lacs County, Minnesota
In Milaca, Mille Lacs County, 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 annual property tax bill. The median home price in Milaca is $259,300, with property tax bills ranging from the 25th percentile at $1,862 to the 90th percentile at $4,596. The median tax bill in the area is $2,668, slightly above the national median of $2,400.
Factors such as property improvements, neighborhood developments, and market trends can influence the assessed value, impacting how much homeowners pay in taxes. High property taxes can be a financial burden, but Ownwell is here to help. By providing expert property tax appeal and exemption services, Ownwell assists homeowners in potentially reducing their tax bills, ensuring they pay only what is fair. Our team navigates the complexities of property tax assessments, advocating for homeowners to achieve significant savings.
Median Milaca Tax Bill
$2,764
Median Mille Lacs County Tax Bill
$2,650
Median Minnesota Tax Bill
$3,364
Median United States Tax Bill
$2,400
Property Tax Bills Across Milaca, Mille Lacs County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56353 | $1,004 | $1,921 | $2,764 | $3,719 | $4,822 |
Source: Ownwell