Little Falls, Morrison County, Minnesota Property Taxes
Property Taxes in Little Falls, Minnesota
Median Little Falls, Minnesota effective property tax rate: 0.98%, significantly lower than the national median of 1.02%, and lower than the Minnesota state median of 1.13%.
Median Little Falls, Minnesota home value: $234,600
Median annual Little Falls, Minnesota tax bill: $2,136, lower than the national median property tax bill of $2,400.
How are property taxes in Morrison calculated?
Property taxes in Little Falls, Minnesota 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 Little Falls's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Little Falls, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Little Falls, Morrison County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.98%
Estimate Property Tax Bill
$2,299
$2,133
How Does the Little Falls Property Tax Calculator Work?
Use this Little Falls property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Little Falls's median effective tax rate of 0.98% — based on actual property records in Morrison County — to generate your estimate.
Enter your property's estimated assessed value — the figure used to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Little Falls's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Little Falls: rates range from 0.98% in 56345 to 0.98% in 56345, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Little Falls.
About Little Falls Property Taxes
About Property Taxes in Little Falls, Morrison, Minnesota
Little Falls’s median effective property tax rate of 0.98% is lower than the Minnesota state median of 1.13% and lower than the national median of 1.02%. This rate reflects the Morrison County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Little Falls. Homeowners in the 56345 ZIP code carry a median effective rate of 0.98%, while those in the same ZIP code pay 0.98%. This spread reflects how school district boundaries and local assessment districts are drawn across Morrison County. Understanding which part of Little Falls you live in can make a meaningful difference to your annual tax bill.
Little Falls homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the April 30, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Little Falls, Morrison County, Minnesota
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because 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 Little Falls's effective property tax rate to other cities in Minnesota and the median property tax rates in Minnesota and the U.S.
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 Little Falls Tax Rate
0.98%
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 Morrison County Tax Rate
0.80%
Median Effective Minnesota Tax Rate
1.13%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Little Falls, Morrison County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56345 | 0.48% | 0.72% | 0.98% | 1.22% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Little Falls, Morrison County, Minnesota
When examining property taxes in Little Falls, 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. Morrison County 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 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 are sent in the spring each year and typically reach your mailbox by the middle of the month. Each property owner receives a notice that contains both the market value and assessed value, along with an estimate of your property tax bill.
For example, the median home price in Little Falls is $234,600, and the median tax bill is $2,136. In 56345, both the highest median home price and highest median tax bill are also $234,600 and $2,136.
Property Tax Assessment Values Across Little Falls, Morrison County, Minnesota
Source: Ownwell
$47,700
$210,425
$373,150
Median Little Falls Market Value
$234,600
Median Morrison County Market Value
$233,800
Median Minnesota Market Value
$304,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Little Falls, Morrison County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56345 | $64,390 | $149,600 | $234,600 | $342,450 | $462,730 |
Source: Ownwell
Property Tax Bills Across Little Falls, Morrison County, Minnesota
Property tax bills in Little Falls are based on the assessed value of a home and the local tax rate set by taxing authorities in Morrison County. When a property’s market value changes, its assessed value may also change, which can raise or lower the bill. Local budgets, school funding, and other public services all influence the final amount homeowners owe.
For a home with a median value of $234,600, the property tax bill can vary widely depending on where the property is located and how it is assessed. In Little Falls, the median tax bill is $2,136, while bills at the 25th percentile are $1,316 and bills at the 75th percentile are $3,079. At the 90th percentile, the bill reaches $3,944.
These differences show how property taxes can affect homeowners unevenly, even within the same city. A higher assessed value or a higher local tax rate can lead to a larger bill, making property taxes a major part of homeownership costs.
Median Little Falls Tax Bill
$2,136
Median Morrison County Tax Bill
$1,856
Median Minnesota Tax Bill
$3,364
Median United States Tax Bill
$2,400
Property Tax Bills Across Little Falls, Morrison County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56345 | $402 | $1,316 | $2,136 | $3,079 | $3,944 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 30 |
Links | |
|---|---|
| Morrison Tax Assessor | |
| Website | beacon.schneidercorp.com |