Wadena, Todd County, Minnesota Property Taxes

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

Median Wadena, 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 Wadena, MN home value: $437,750
Median annual Wadena, MN tax bill: $2,656, $256 higher than the national median property tax bill of $2,400.

How are property taxes in Todd County calculated?

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

Last Updated March 1, 2025

Wadena, Todd County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.67%

Estimate Property Tax Bill

$2,933

$2,722

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

Property Tax Rates Across Wadena, Todd County, Minnesota

Local government entities determine tax rates, which can differ significantly within a state. This is because each county annually estimates its budgetary needs for providing services and divides that by the total assessed value of all taxable properties within its boundaries. This calculation determines the property tax rate. While the process involves votes and legislative measures, this is essentially how it unfolds every year.

In Wadena, located in Todd County, Minnesota, property tax rates are a reflection of this process. When comparing Wadena’s effective property tax rate to other cities in Minnesota, it’s clear that rates can vary based on local budgetary requirements and property values. The median property tax rate in Minnesota is 1.12%, which is slightly above the national median of 1.02%. This difference highlights how tax rates can fluctuate not only within a state but also when compared to national figures. Understanding these variations can help property owners make informed decisions about appealing their property taxes or seeking exemptions.

Property Tax Rates Across Wadena, Todd County, Minnesota

Source: Ownwell

0.52%

0.85%

1.18%

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 Wadena Tax Rate

0.67%

Median Effective Todd County Tax Rate

0.88%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Wadena, Todd County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
56482	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Wadena, Todd County, Minnesota

When examining property taxes in Wadena, 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 Todd 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 Todd 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 Wadena. For example, the median home price in Wadena is $437,750, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Wadena, Todd County, Minnesota

Source: Ownwell

$81,800

$204,750

$327,700

Median Wadena Market Value

$437,750

Median Todd County Market Value

$198,400

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Wadena, Todd County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
56482	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Wadena, Todd County, Minnesota

In Wadena, located in Todd County, MN, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by local assessors who evaluate the property's market value. The local tax rate is then applied to this assessed value to calculate the property tax bill. For homeowners in Wadena, the median home price is $437,750, which affects the overall tax bill. The property tax bill for the 25th percentile is $1,608, while for the 75th percentile, it is $3,592, and for the 90th percentile, it reaches $4,301. These figures can be compared to the national median property tax bill of $2,400, illustrating the variability in tax burdens. Homeowners can face significant financial pressure due to these taxes, but Ownwell offers a solution. By providing expert property tax appeal services, Ownwell helps homeowners potentially reduce their tax bills, ensuring they pay only what is fair. This service can lead to substantial savings, easing the financial burden on homeowners.

Property Tax Bills Across Wadena, Todd County, Minnesota

Source: Ownwell

$800

$1,816

$2,832

Median Wadena Tax Bill

$2,656

Median Todd County Tax Bill

$1,544

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Wadena, Todd County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
56482	N/A	N/A	N/A	N/A	N/A

Source: Ownwell