Rockford, Wright County, Minnesota Property Taxes

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

Median Rockford, MN effective property tax rate: 1.10%, slightly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Rockford, MN home value: $311,600
Median annual Rockford, MN tax bill: $3,640, $1,240 higher than the national median property tax bill of $2,400.

How are property taxes in Wright County calculated?

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

Last Updated March 1, 2025

Rockford, Wright County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.1%

Estimate Property Tax Bill

$3,428

$3,181

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

Property Tax Rates Across Rockford, Wright County, Minnesota

Local government entities are responsible for setting tax rates, which can vary widely within a state. Each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this annual process is the core of property tax determination. In Rockford, located in Wright County, Minnesota, the effective property tax rate is notably higher than the national median property tax rate of 1.02%. Despite this, Rockford's rate aligns with the state median, reflecting consistent tax practices across Minnesota. This comparison highlights the variability of property tax rates not only within a state but also across the country. Understanding these differences is crucial for property owners, as it affects their annual tax bills and overall financial planning.

Property Tax Rates Across Rockford, Wright County, Minnesota

Source: Ownwell

0.68%

0.91%

1.13%

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 Rockford Tax Rate

1.10%

Median Effective Wright County Tax Rate

1.04%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Rockford, Wright County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55373	0.96%	1.07%	1.10%	1.14%	1.18%

Source: Ownwell

Property Tax Assessment Values Across Rockford, Wright County, Minnesota

When examining property taxes in Rockford, 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 Wright 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. Assessment notices: In Wright 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 Rockford. For example, the median home price in Rockford is $311,600, with tax bills ranging significantly across the county. 55373 has the highest median home price at $311,600.

Property Tax Assessment Values Across Rockford, Wright County, Minnesota

Source: Ownwell

$271,300

$421,175

$571,050

Median Rockford Market Value

$311,600

Median Wright County Market Value

$352,100

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Rockford, Wright County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55373	$31,740	$85,925	$311,600	$367,275	$465,810

Source: Ownwell

Property Tax Bills Across Rockford, Wright County, Minnesota

In Rockford, Wright County, MN, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by local assessors and reflects the market value of the property. The median home price in Rockford is $311,600. Homeowners in Rockford face a range of property tax bills, with the 25th percentile at $3,224 and the 75th percentile at $4,278. The 90th percentile tax bill can reach as high as $5,245. These figures are notably higher than the national median property tax bill of $2,400, highlighting the significant financial impact on homeowners in this area. Ownwell assists homeowners by providing property tax appeal and exemption services, potentially lowering their tax burden. By analyzing property assessments and identifying discrepancies, Ownwell can help homeowners in Rockford ensure their tax bills are fair and accurate. This service is invaluable for those looking to reduce their financial obligations and ensure they are not overpaying on their property taxes.

Property Tax Bills Across Rockford, Wright County, Minnesota

Source: Ownwell

$2,768

$4,012

$5,255

Median Rockford Tax Bill

$3,640

Median Wright County Tax Bill

$3,554

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Rockford, Wright County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55373	$2,459	$3,224	$3,640	$4,278	$5,245

Source: Ownwell