Britt, St. Louis County, Minnesota Property Taxes

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

Median BRITT, MN effective property tax rate: 0.99%, slightly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median BRITT, MN home value: $171,700
Median annual BRITT, MN tax bill: $1,610, $790 lower than the national median property tax bill of $2,400.

How are property taxes in St. Louis calculated?

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

Last Updated March 1, 2025

Britt, St. Louis County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.94%

Estimate Property Tax Bill

$1,644

$1,526

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

Property Tax Rates Across Britt, St. Louis County, Minnesota

Local government entities are responsible for setting property tax rates, which can vary significantly within a state. This variation occurs because each year, counties estimate the budget required to maintain services and then divide this by the total value of all taxable properties within their borders. This calculation determines the property tax rate. Although setting tax rates and budgets involves votes and legislative processes, this is essentially how it works annually.

Now, let's examine Britt's effective property tax rate. In St. Louis County, where Britt is located, the median property tax rate stands at 0.99%. This rate is slightly below the national median property tax rate of 1.02%. Comparatively, Britt's rate is aligned with the state median, offering homeowners a relatively affordable tax environment. While some areas in Minnesota may experience higher or lower rates, Britt's tax rate provides a balanced approach, ensuring essential services are funded without placing an excessive burden on property owners. This makes Britt an attractive location for those seeking a favorable property tax landscape.

Property Tax Rates Across Britt, St. Louis County, Minnesota

Source: Ownwell

0.59%

1.14%

1.69%

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 Britt Tax Rate

0.94%

Median Effective St. Louis County Tax Rate

1.21%

Median Effective Minnesota Tax Rate

1.13%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Britt, St. Louis County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55710	0.56%	0.77%	0.94%	1.02%	1.11%

Source: Ownwell

Property Tax Assessment Values Across Britt, St. Louis County, Minnesota

When examining property taxes in Britt, 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 St. Louis 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 St. Louis 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 Britt.

For example, the median home price in Britt is $171,700, with tax bills ranging significantly across the county. Zip code 55710 has the highest median home price at $171,700.

Property Tax Assessment Values Across Britt, St. Louis County, Minnesota

Source: Ownwell

$26,600

$155,000

$283,400

Median Britt Market Value

$174,900

Median St. Louis County Market Value

$153,800

Median Minnesota Market Value

$304,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Britt, St. Louis County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55710	$18,740	$99,650	$174,900	$247,250	$334,500

Source: Ownwell

Property Tax Bills Across Britt, St. Louis County, Minnesota

In Britt, located in St. Louis County, MN, property tax bills are calculated based on the assessed value of a home, which for many homeowners is a crucial factor in their annual financial planning. The median home price in Britt is $171,700, and property taxes are determined by applying the local tax rate to this assessed value. The tax bill varies, with the 25th percentile at $816 and the 75th percentile at $2,408, reflecting the range of property values and tax rates within the area. The highest median tax bill in the region is $1,610, which is lower than the national median property tax bill of $2,400. Homeowners in Britt can benefit from appealing their property tax assessments to ensure they are not overpaying. This is where Ownwell can assist, offering expertise in property tax appeals and exemptions. By leveraging local market insights and a deep understanding of tax regulations, Ownwell helps homeowners potentially reduce their tax burden, resulting in significant savings.

Property Tax Bills Across Britt, St. Louis County, Minnesota

Source: Ownwell

$343

$2,220

$4,096

Median Britt Tax Bill

$1,500

Median St. Louis County Tax Bill

$1,856

Median Minnesota Tax Bill

$3,364

Median United States Tax Bill

$2,400

Property Tax Bills Across Britt, St. Louis County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55710	$224	$688	$1,500	$2,292	$3,170

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	April 30

Links
St. Louis Tax Assessor
Website	www.stlouiscountymn.gov