Detroit Lakes, Otter Tail County, Minnesota Property Taxes

Name: Property Tax Bills Across Detroit Lakes, Otter Tail County, Minnesota
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Detroit Lakes, MN effective property tax rate: 0.71%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Detroit Lakes, MN home value: $404,400
Median annual Detroit Lakes, MN tax bill: $2,829, $429 higher than the national median property tax bill of $2,400.

How are property taxes in Otter Tail calculated?

Property taxes in Detroit Lakes, 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 Detroit Lakes’ property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Detroit Lakes, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Detroit Lakes, Otter Tail County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.71%

Estimate Property Tax Bill

$2,871

$2,664

Ownwell’s Detroit Lakes Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Detroit Lakes with just two data points.

By entering your property's estimated assessed value, our calculator applies Detroit Lakes’ 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 Otter Tail County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Detroit Lakes, Otter Tail County, Minnesota

Local government entities determine tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell. In Detroit Lakes, located in Otter Tail County, MN, the effective property tax rate stands at 0.71%. This rate is notably lower than the national median property tax rate of 1.02%. When comparing Detroit Lakes to other cities in Minnesota, it maintains the same rate, which is also the highest and lowest in the 56501 zip code. This consistency highlights a stable property tax environment in the area. Moreover, Detroit Lakes’ median property tax rate is competitive when compared to both the state and national levels, providing residents with a favorable tax climate.

Property Tax Rates Across Detroit Lakes, Otter Tail County, Minnesota

Source: Ownwell

0.56%

0.81%

1.05%

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 Detroit Lakes Tax Rate

0.71%

Median Effective Otter Tail County Tax Rate

0.74%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Detroit Lakes, Otter Tail County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
56501	0.62%	0.66%	0.71%	0.76%	0.80%

Source: Ownwell

Property Tax Assessment Values Across Detroit Lakes, Otter Tail County, Minnesota

When examining property taxes in Detroit Lakes, 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 Otter Tail 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 Otter Tail 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 Detroit Lakes. For example, the median home price in Detroit Lakes is $404,400, with tax bills ranging significantly across the county. Zip code 56501 has the highest median home price at $404,400.

Property Tax Assessment Values Across Detroit Lakes, Otter Tail County, Minnesota

Source: Ownwell

$143,950

$274,175

$404,400

Median Detroit Lakes Market Value

$404,400

Median Otter Tail County Market Value

$204,500

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Detroit Lakes, Otter Tail County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
56501	$33,220	$113,300	$404,400	$713,850	$1,035,020

Source: Ownwell

Property Tax Bills Across Detroit Lakes, Otter Tail County, Minnesota

In Detroit Lakes, located in Otter Tail County, MN, property tax bills are calculated based on the assessed value of a home. The median home price in the area is $404,400, and property taxes are determined by multiplying the assessed value by the local tax rate. Homeowners in this region face a median property tax bill of $2,829, which is slightly above the national median of $2,400. Factors such as the property's size, location, and improvements can influence the assessed value, ultimately affecting the tax bill. For homeowners, understanding these factors is crucial as they can significantly impact annual expenses. With property tax bills ranging from $757 at the 25th percentile to $7,992 at the 90th percentile, there is a wide variation in what homeowners might pay. Ownwell offers a solution by providing property tax appeal services, helping homeowners potentially reduce their tax bills by ensuring their property is not over-assessed. This can lead to significant savings, allowing homeowners to allocate their resources more effectively.

Property Tax Bills Across Detroit Lakes, Otter Tail County, Minnesota

Source: Ownwell

$1,182

$2,006

$2,829

Median Detroit Lakes Tax Bill

$2,829

Median Otter Tail County Tax Bill

$1,674

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Detroit Lakes, Otter Tail County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
56501	$213	$757	$2,829	$5,400	$7,992

Source: Ownwell