Gully, Polk County, Minnesota Property Taxes
Property Taxes in Gully, Minnesota
Median Gully, Minnesota effective property tax rate: 0.67%, significantly lower than the national median of 1.02%, and lower than the Minnesota state median of 1.13%.
Median Gully, Minnesota home value: $216,900
Median annual Gully, Minnesota tax bill: $1,442, lower than the national median property tax bill of $2,400.
How are property taxes in Polk calculated?
Property taxes in Gully, Minnesota 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 Gully's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gully, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Gully, Polk County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.67%
Estimate Property Tax Bill
$1,453
$1,349
How Does the Gully Property Tax Calculator Work?
Use this Gully property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Gully's median effective tax rate of 0.67% — based on actual property records in Polk County — to generate your estimate.
Enter your property's estimated assessed value — the figure used to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Gully's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Gully: rates range from 0.67% in 56646 to 0.67% in 56646, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Gully.
About Gully Property Taxes
About Property Taxes in Gully, Polk, Minnesota
Gully's median effective property tax rate of 0.67% is lower than the Minnesota state median of 1.13% and lower than the national median of 1.02%. This rate reflects the Polk County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Gully. Homeowners in the 56646 ZIP code carry a median effective rate of 0.67%, while those in 56646 pay 0.67%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Polk County. Understanding which part of Gully you live in can make a meaningful difference to your annual tax bill.
Gully homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the April 30, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Gully, 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 Gully's effective property tax rate to other cities in Minnesota and the median property tax rates in Minnesota and the U.S.
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 Gully 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 Polk County Tax Rate
1.23%
Median Effective Minnesota Tax Rate
1.13%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Gully, Polk County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56646 | 0.32% | 0.42% | 0.67% | 1.10% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across Gully, Polk County, Minnesota
When examining property taxes in Gully, Minnesota, 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 the month when notices are sent.
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 understanding how assessed and market values are determined, property owners can better navigate their tax responsibilities in Gully.
For example, the median home price in Gully is $216,900, with tax bills ranging significantly across the county. Zip code 56646 has the highest median home price at $216,900.
Property Tax Assessment Values Across Gully, Polk County, Minnesota
Source: Ownwell
$49,600
$213,250
$376,900
Median Gully Market Value
$216,900
Median Polk County Market Value
$212,900
Median Minnesota Market Value
$304,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Gully, Polk County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56646 | $40,120 | $71,600 | $216,900 | $485,900 | $628,780 |
Source: Ownwell
Property Tax Bills Across Gully, Polk County, Minnesota
Property tax bills in Gully are calculated from the assessed value of a home and the local tax rate set by taxing authorities. For homeowners, the bill is shaped by the market value of the property, any exemptions or credits that apply, and the budgets approved by local governments. When assessed values rise or local rates change, the tax bill can increase even if the home has not been sold.
In Gully, the median home price is $216,900, and the median tax bill is $1,442.00 in ZIP code 56646. That is below the national median property tax bill of $2,400 and below the national median property tax rate of 1.02%. Tax bills vary widely, with the 25th percentile at $930, the 75th percentile at $2,282, and the 90th percentile at $3,183. For homeowners, this means property taxes can be a meaningful part of annual housing costs and may affect affordability over time.
Median Gully Tax Bill
$1,442
Median Polk County Tax Bill
$2,412
Median Minnesota Tax Bill
$3,364
Median United States Tax Bill
$2,400
Property Tax Bills Across Gully, Polk County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56646 | $617 | $930 | $1,442 | $2,282 | $3,183 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 30 |
Links | |
|---|---|
| Polk Tax Assessor | |
| Website | polk.minnesotaassessors.com |