Fergus Falls, Otter Tail County, Minnesota Property Taxes

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

Median Fergus Falls, MN effective property tax rate: 1.05%, slightly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Fergus Falls, MN home value: $171,600
Median annual Fergus Falls, MN tax bill: $1,708, $692 lower than the national median property tax bill of $2,400.

How are property taxes in Otter Tail calculated?

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

Last Updated March 1, 2025

Fergus Falls, Otter Tail County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.05%

Estimate Property Tax Bill

$1,802

$1,672

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

Property Tax Rates Across Fergus Falls, Otter Tail County, Minnesota

Local government entities in Minnesota set tax rates, which can vary widely within the state. Each year, counties like Otter Tail estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation results 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 Fergus Falls, located in Otter Tail County, the effective property tax rate stands at 1.05%, which is slightly above the national median of 1.02%. This rate is consistent across the county, reflecting a uniform approach to taxation. When compared to other cities in Minnesota, Fergus Falls' tax rate aligns with the state's median, indicating a balanced approach to property taxation. For residents, understanding these rates is crucial, as it impacts the overall property tax bill, which is an essential consideration for homeowners in managing their annual expenses.

Property Tax Rates Across Fergus Falls, 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 Fergus Falls Tax Rate

1.05%

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 Fergus Falls, Otter Tail County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
56537	0.70%	0.77%	1.05%	1.18%	1.23%

Source: Ownwell

Property Tax Assessment Values Across Fergus Falls, Otter Tail County, Minnesota

When examining property taxes in Fergus 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 Otter Tail 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 Otter Tail 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 Fergus Falls.

For example, the median home price in Fergus Falls is $171,600, with tax bills ranging significantly across the county. Zip code 56537 has the highest median home price at $171,600.

Property Tax Assessment Values Across Fergus Falls, Otter Tail County, Minnesota

Source: Ownwell

$143,950

$274,175

$404,400

Median Fergus Falls Market Value

$171,600

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 Fergus Falls, Otter Tail County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
56537	$29,200	$105,000	$171,600	$277,600	$408,800

Source: Ownwell

Property Tax Bills Across Fergus Falls, Otter Tail County, Minnesota

In Fergus Falls, located in Otter Tail County, MN, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in this area is $171,600, and property tax rates are applied to this assessed value to determine the tax bill. Several factors, such as property size, location, and improvements, influence the assessed value. Homeowners in Fergus Falls can expect a median property tax bill of $1,708, which is below the national median of $2,400. However, property tax bills can vary significantly, with the 25th percentile at $1,074 and the 90th percentile reaching $3,688.

Ownwell offers valuable assistance to homeowners by identifying potential savings on their property tax bills. Through expert analysis and appeal services, Ownwell helps ensure that property assessments are fair and accurate, potentially lowering tax obligations. This service not only provides peace of mind but also supports financial savings, allowing homeowners to better manage their budgets.

Property Tax Bills Across Fergus Falls, Otter Tail County, Minnesota

Source: Ownwell

$1,182

$2,006

$2,829

Median Fergus Falls Tax Bill

$1,708

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 Fergus Falls, Otter Tail County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
56537	$358	$1,074	$1,708	$2,606	$3,688

Source: Ownwell