East Grand Forks, Polk County, Minnesota Property Taxes

Name: Property Tax Bills Across East Grand Forks, Polk County, Minnesota
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median East Grand Forks, MN effective property tax rate: 1.48%, significantly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median East Grand Forks, MN home value: $221,900
Median annual East Grand Forks, MN tax bill: $3,200, $800 higher than the national median property tax bill of $2,400.

How are property taxes in Polk County calculated?

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

Last Updated March 1, 2025

East Grand Forks, Polk County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.48%

Estimate Property Tax Bill

$3,284

$3,048

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

Property Tax Rates Across East Grand Forks, Polk County, Minnesota

As noted earlier, local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare East Grand Forks’ effective property tax rate to other cities in Minnesota and the median property tax rates in Minnesota and the U.S. East Grand Forks, located in Polk County, has a property tax rate of 1.48%, which is considerably higher than the national median of 1.02%. This means that property owners in East Grand Forks are likely to pay more in property taxes compared to the national average. However, when compared to other cities within Minnesota, East Grand Forks’ rate is on par with the state’s median rate, indicating a consistent tax landscape within the state. Understanding these figures can help property owners make informed decisions about property tax appeals and exemptions.

Property Tax Rates Across East Grand Forks, Polk County, Minnesota

Source: Ownwell

0.77%

1.75%

2.74%

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 East Grand Forks Tax Rate

1.48%

Median Effective Polk County Tax Rate

1.34%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across East Grand Forks, Polk County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
56721	0.92%	1.36%	1.48%	1.56%	1.81%

Source: Ownwell

Property Tax Assessment Values Across East Grand Forks, Polk County, Minnesota

When examining property taxes in East Grand Forks, 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 Polk 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 Polk 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 East Grand Forks. For example, the median home price in East Grand Forks is $221,900, with tax bills ranging significantly across the county. Zip code 56721 has the highest median home price at $221,900.

Property Tax Assessment Values Across East Grand Forks, Polk County, Minnesota

Source: Ownwell

$40,200

$176,800

$313,400

Median East Grand Forks Market Value

$221,900

Median Polk County Market Value

$183,700

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across East Grand Forks, Polk County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
56721	$121,600	$171,600	$221,900	$288,150	$366,010

Source: Ownwell

Property Tax Bills Across East Grand Forks, Polk County, Minnesota

Property tax bills in East Grand Forks, located in Polk County, MN, are calculated based on the assessed value of a property, which is determined by the local tax assessor. This value is multiplied by the local tax rate to generate the property tax bill. For homeowners in East Grand Forks, the median home price is $221,900. Tax bills can vary significantly, ranging from $2,414 at the 25th percentile to $5,707 at the 90th percentile. The median tax bill in this region stands at $3,200, which is higher than the national median property tax bill of $2,400. This discrepancy highlights the potential financial burden on local homeowners. Ownwell can assist property owners by identifying potential savings through property tax appeals and exemptions. With expert knowledge and a streamlined process, Ownwell helps ensure that homeowners pay only their fair share, potentially reducing their tax bills and easing the financial impact of property taxes.

Property Tax Bills Across East Grand Forks, Polk County, Minnesota

Source: Ownwell

$1,010

$2,105

$3,200

Median East Grand Forks Tax Bill

$3,200

Median Polk County Tax Bill

$2,200

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across East Grand Forks, Polk County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
56721	$1,654	$2,414	$3,200	$4,249	$5,707

Source: Ownwell