Mahnomen, Norman County, Minnesota Property Taxes
Median Mahnomen, MN effective property tax rate: 0.66%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Mahnomen, MN home value: $192,550
Median annual Mahnomen, MN tax bill: $1,348, $1,052 lower than the national median property tax bill of $2,400.
How are property taxes in Norman County calculated?
Property taxes in Mahnomen, 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 Mahnomen’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mahnomen, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mahnomen, Norman County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.66%
Estimate Property Tax Bill
$1,271
$1,179
Ownwell’s Mahnomen Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mahnomen with just two data points.
By entering your property's estimated assessed value, our calculator applies Mahnomen’s 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 Norman County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Mahnomen, Norman County, Minnesota
Local government entities are responsible for setting property tax rates, which can vary significantly within a state. Each year, counties estimate their required budget to provide services and divide that amount by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the basic annual process.
In Mahnomen, located in Norman County, Minnesota, the effective property tax rate is notably lower than the national median. With a rate of 0.66%, Mahnomen stands out in Minnesota, where the median property tax rate is typically higher. This rate is also considerably below the national median property tax rate of 1.02%. Such a low rate can be particularly appealing for property owners seeking to minimize their tax burden.
By comparing Mahnomen's effective property tax rate to other cities in Minnesota and to the median rates in the state and across the U.S., potential property owners can make informed decisions about the financial implications of owning property in this area.
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 Mahnomen Tax Rate
0.66%
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 Norman County Tax Rate
1.16%
Median Effective Minnesota Tax Rate
1.11%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mahnomen, Norman County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56557 | 0.61% | 0.61% | 0.66% | 0.72% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Mahnomen, Norman County, Minnesota
When examining property taxes in Mahnomen, 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 Norman 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 Norman 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 Mahnomen. For example, the median home price in Mahnomen is $192,550, with tax bills ranging significantly across the county. Zip code 56557 has the highest median home price at $192,550.
Property Tax Assessment Values Across Mahnomen, Norman County, Minnesota
Source: Ownwell
$52,500
$122,525
$192,550
Median Mahnomen Market Value
$192,550
Median Norman County Market Value
$94,200
Median Minnesota Market Value
$290,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mahnomen, Norman County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56557 | $148,950 | $161,025 | $192,550 | $276,100 | $324,670 |
Source: Ownwell
Property Tax Bills Across Mahnomen, Norman County, Minnesota
In Mahnomen, MN, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in the area is $192,550, which influences the tax bill calculation. Homeowners in Mahnomen face a median property tax bill of $1,348, which is below the national median of $2,400. The tax bill can vary significantly, with the 25th percentile at $1,140 and the 90th percentile reaching $1,916. These variations are due to factors like property size, location, and improvements, which can affect the assessed value. For homeowners, high property tax bills can be a financial burden, impacting their overall cost of living.
Ownwell assists homeowners in reducing their property tax bills by offering expert property tax appeal and exemption services. By analyzing property assessments and market conditions, Ownwell identifies opportunities for savings. Homeowners can benefit from reduced tax liabilities, ensuring they only pay what is fair and equitable. With Ownwell's guidance, navigating the complexities of property tax appeals becomes a streamlined and effective process.
Median Mahnomen Tax Bill
$1,348
Median Norman County Tax Bill
$979
Median Minnesota Tax Bill
$3,182
Median United States Tax Bill
$2,400
Property Tax Bills Across Mahnomen, Norman County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56557 | $913 | $1,140 | $1,348 | $1,705 | $1,916 |
Source: Ownwell