Hinckley, Pine County, Minnesota Property Taxes

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

Median Hinckley, MN effective property tax rate: 0.70%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%. Median Hinckley, MN home value: $94,000. Median annual Hinckley, MN tax bill: $606, $1,794 lower than the national median property tax bill of $2,400.

How are property taxes in Pine calculated?

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

Last Updated March 1, 2025

Hinckley, Pine County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.7%

Estimate Property Tax Bill

$658

$611

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

Property Tax Rates Across Hinckley, Pine County, Minnesota

Local government entities in Minnesota determine property tax rates, which can vary significantly across the state. Each year, counties like Pine estimate the budget needed to provide essential services. This budget is then divided by the total assessed value of all taxable property within the county to establish the property tax rate. This process, although influenced by votes and legislation, forms the core of how tax rates are set annually.

In Hinckley, located in Pine County, the effective property tax rate stands at 0.70%. This rate is consistent across the county, as both the highest and lowest median tax rates are reported at the same percentage. When comparing this to the national median property tax rate of 1.02%, Hinckley's rate is notably lower, offering residents a more affordable tax burden. Similarly, the national median property tax bill is $2400, which suggests that Hinckley residents benefit from a less burdensome tax bill. This comparison highlights the favorable property tax environment in Hinckley relative to both the state and national levels.

Property Tax Rates Across Hinckley, Pine County, Minnesota

Source: Ownwell

0.67%

0.93%

1.20%

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 Hinckley Tax Rate

0.70%

Median Effective Pine County Tax Rate

0.75%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Hinckley, Pine County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55037	0.48%	0.65%	0.70%	0.80%	0.97%

Source: Ownwell

Property Tax Assessment Values Across Hinckley, Pine County, Minnesota

When examining property taxes in Hinckley, 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 Pine 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 Pine 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 Hinckley. For example, the median home price in Hinckley is $94,000, with tax bills ranging significantly across the county. Zip code 55037 has the highest median home price at $94,000.

Property Tax Assessment Values Across Hinckley, Pine County, Minnesota

Source: Ownwell

$24,450

$170,950

$317,450

Median Hinckley Market Value

$94,000

Median Pine County Market Value

$174,300

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Hinckley, Pine County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55037	$17,500	$33,100	$94,000	$234,900	$356,300

Source: Ownwell

Property Tax Bills Across Hinckley, Pine County, Minnesota

In Hinckley, located in Pine County, MN, property tax bills are calculated based on the assessed value of a home and the local tax rate. With a median home price of $94,000, the property tax rate plays a crucial role in determining the overall tax bill. Homeowners in Hinckley experience a range of property tax bills, with the 25th percentile at $218 and the 75th percentile reaching $1,734. The 90th percentile sees bills as high as $2,584, highlighting the variability in tax burdens within the area. The median tax bill in the region is $606, which is significantly lower than the national median property tax bill of $2,400, offering a comparative advantage for homeowners. However, fluctuating home values and tax rates can lead to unexpectedly high tax bills. Ownwell assists homeowners by providing property tax appeal and exemption services, helping to ensure they are not overpaying. By leveraging expertise in local tax regulations, Ownwell can identify potential savings and reduce the financial burden on homeowners.

Property Tax Bills Across Hinckley, Pine County, Minnesota

Source: Ownwell

$303

$1,325

$2,347

Median Hinckley Tax Bill

$606

Median Pine County Tax Bill

$1,286

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Hinckley, Pine County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55037	$117	$218	$606	$1,734	$2,584

Source: Ownwell