Pierz, Morrison County, Minnesota Property Taxes
Median Pierz, MN effective property tax rate: 0.82%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Pierz, MN home value: $253,100
Median annual Pierz, MN tax bill: $1,871, $529 lower than the national median property tax bill of $2,400.
How are property taxes in Morrison calculated?
Property taxes in Pierz, 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 Pierz’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Pierz, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Pierz, Morrison County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.82%
Estimate Property Tax Bill
$2,075
$1,926
Property Tax Rates Across Pierz, 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.
In Pierz, located in Morrison County, Minnesota, the effective property tax rate stands at 0.82%. This rate is notably lower than the national median property tax rate of 1.02%, indicating a more favorable tax environment for property owners in this region. Compared to other cities within Minnesota, Pierz's tax rate provides a competitive advantage, potentially attracting more residents and investors to the area. The lower tax rate can translate into significant savings on annual property tax bills, making it an attractive option for homeowners. Understanding these differences in tax rates can be crucial for property owners looking to maximize their investment and minimize 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 Pierz Tax Rate
0.82%
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
0.85%
Median Effective Minnesota Tax Rate
1.11%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Pierz, Morrison County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56364 | 0.32% | 0.54% | 0.82% | 0.97% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Pierz, Morrison County, Minnesota
When examining property taxes in Pierz, 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 Assessor's Office 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 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 Pierz. For example, the median home price in Pierz is $253,100, with tax bills ranging significantly across the county. Zip code 56364 has the highest median home price at $253,100.
Property Tax Assessment Values Across Pierz, Morrison County, Minnesota
Source: Ownwell
$46,900
$194,775
$342,650
Median Pierz Market Value
$253,100
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 Pierz, Morrison County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56364 | $94,730 | $163,400 | $253,100 | $380,525 | $562,170 |
Source: Ownwell
Property Tax Bills Across Pierz, Morrison County, Minnesota
Median Pierz Tax Bill
$1,871
Median Morrison County Tax Bill
$1,722
Median Minnesota Tax Bill
$3,182
Median United States Tax Bill
$2,400
Property Tax Bills Across Pierz, Morrison County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56364 | $558 | $1,163 | $1,871 | $2,709 | $3,552 |
Source: Ownwell