Little Falls, Morrison County, Minnesota Property Taxes

Name: Property Tax Bills Across Little Falls, Morrison County, Minnesota
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Little Falls, MN effective property tax rate: 0.97%, slightly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Little Falls, MN home value: $211,400
Median annual Little Falls, MN tax bill: $1,964, $436 lower than the national median property tax bill of $2,400.

How are property taxes in Morrison County calculated?

Property taxes in Little Falls, 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 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 March 1, 2025

Little Falls, Morrison County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.97%

Estimate Property Tax Bill

$2,051

$1,903

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

Property Tax Rates Across Little Falls, Morrison County, Minnesota

Local government entities set tax rates, which can vary widely within a state. 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’ effective property tax rate to other cities in Minnesota and the median property tax rates in Minnesota and the U.S.

In Little Falls, located in Morrison County, the median property tax rate is 0.97%, which aligns with the highest and lowest rates in the area. This rate is slightly lower than the national median property tax rate of 1.02%. Despite this, property tax bills can vary based on assessed property values, making it crucial for homeowners to understand their local tax obligations. By comparing these rates, homeowners can better assess their tax liabilities relative to other regions and potentially identify opportunities for tax appeals or exemptions.

Property Tax Rates Across Little Falls, Morrison County, Minnesota

Source: Ownwell

0.53%

0.98%

1.44%

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

0.97%

Median Effective Morrison County Tax Rate

0.85%

Median Effective Minnesota Tax Rate

1.11%

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	0.47%	0.75%	0.97%	1.24%	1.43%

Source: Ownwell

Property Tax Assessment Values Across Little Falls, Morrison County, Minnesota

When examining property taxes in Little Falls, 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 Morrison 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 Morrison 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 Little Falls. For example, the median home price in Little Falls is $211,400, with tax bills ranging significantly across the county. Zip code 56345 has the highest median home price at $211,400.

Property Tax Assessment Values Across Little Falls, Morrison County, Minnesota

Source: Ownwell

$46,900

$194,775

$342,650

Median Little Falls Market Value

$211,400

Median Morrison County Market Value

$210,400

Median Minnesota Market Value

$290,400

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	$87,070	$139,800	$211,400	$311,000	$425,800

Source: Ownwell

Property Tax Bills Across Little Falls, Morrison County, Minnesota

In Little Falls, 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 set by Morrison County to determine the annual property tax bill. With a median home price of $211,400, homeowners in Little Falls face varying tax bills, ranging from the 25th percentile at $1,280 to the 90th percentile at $3,782. The highest and lowest median tax bills in the area are both $1,964, indicating a consistent tax environment within the 56345 zip code. Compared to the national median property tax rate of 1.02% and a median tax bill of $2,400, Little Falls offers a relatively stable tax landscape. Homeowners looking to reduce their property tax burden can benefit from Ownwell's expertise in property tax appeals and exemptions. By leveraging Ownwell's services, homeowners can potentially lower their tax bills, ensuring they only pay what is fair and equitable based on their home's assessed value.

Property Tax Bills Across Little Falls, Morrison County, Minnesota

Source: Ownwell

$308

$1,380

$2,452

Median Little Falls Tax Bill

$1,964

Median Morrison County Tax Bill

$1,722

Median Minnesota Tax Bill

$3,182

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	$646	$1,280	$1,964	$2,870	$3,782

Source: Ownwell