Mora, Pine County, Minnesota Property Taxes
Median Mora, MN effective property tax rate: 0.67%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Mora, MN home value: $313,500
Median annual Mora, MN tax bill: $1,976, $424 lower than the national median property tax bill of $2,400.
How are property taxes in Pine County calculated?
Property taxes in Mora, 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 Mora’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mora, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mora, Pine County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.67%
Estimate Property Tax Bill
$2,100
$1,949
Property Tax Rates Across Mora, Pine County, Minnesota
Local government entities set tax rates, which can vary widely within a state. This variation is 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 these rates and budgets, this is the annual process in a nutshell.
In Mora, located in Kanabec County, Minnesota, the effective property tax rate stands at 0.67%. This rate is notably lower than the national median property tax rate of 1.02%. The median property tax bill for homeowners in Mora is also lower than the national median of $2,400. Compared to other cities in Minnesota, Mora's property tax rate is competitive, offering residents a more affordable tax burden. The county's approach to estimating its budget and setting tax rates ensures that property taxes remain manageable for its residents.
This comparison highlights Mora's advantageous position within the state and against national figures, making it an attractive location for property owners seeking lower tax rates.
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 Mora Tax Rate
0.67%
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 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 Mora, Pine County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55051 | 0.59% | 0.61% | 0.67% | 0.75% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Mora, Pine County, Minnesota
When examining property taxes in Mora, 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 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 Pine 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 Mora.
For example, the median home price in Mora is $313,500, with tax bills ranging significantly across the county. The zip code 55051 has the highest median home price at $313,500.
Property Tax Assessment Values Across Mora, Pine County, Minnesota
Source: Ownwell
$24,450
$170,950
$317,450
Median Mora Market Value
$313,500
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 Mora, Pine County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55051 | $218,650 | $231,825 | $313,500 | $456,975 | $518,670 |
Source: Ownwell
Property Tax Bills Across Mora, Pine County, Minnesota
Median Mora Tax Bill
$1,976
Median Pine County Tax Bill
$1,286
Median Minnesota Tax Bill
$3,182
Median United States Tax Bill
$2,400
Property Tax Bills Across Mora, Pine County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55051 | $1,495 | $1,510 | $1,976 | $2,996 | $3,993 |
Source: Ownwell