Lake of the Woods County Property Taxes
Lake of the Woods County, Minnesota
Effective Tax Rate
0.00%
29.9% below state avgMedian Annual Tax
$0
$127/mo escrow
Estimate Your Tax
Annual Tax
$0
Monthly
$0
Eff. Rate
0.71%
At a Glance
Median Home Value
$215,000
State avg ▼ $222,532
Tax w/ Mortgage/yr
$1,372
$114/mo escrow
Tax w/o Mortgage/yr
$1,808
$151/mo
State Tax Rate Rank
#3
of 87 counties (1 = lowest)
Similar tax rates
Data Story
About Property Taxes in Lake of the Woods County, Minnesota
Lake of the Woods: Minnesota's lowest-tax county
At 0.707%, Lake of the Woods has the lowest effective tax rate among all eight counties profiled and well below the national median of 0.84%. Annual taxes of $1,520 are 43% lower than the national median of $2,690, marking the county as extraordinarily tax-friendly.
Lake of the Woods leads Minnesota counties
Lake of the Woods' 0.707% effective rate is the lowest statewide, falling 27% below Minnesota's average of 0.968%. The median property tax of $1,520 ranks among the state's most favorable.
Lake of the Woods sets the regional standard
No neighboring county comes close to Lake of the Woods' 0.707% rate; the next-lowest is Lake County at 0.751%, followed by Koochiching (0.799%) and Kittson (0.916%). Lake of the Woods is unquestionably the region's tax leader.
Your estimated annual Lake of the Woods tax
Homeowners with a property valued at the county median of $215,000 pay an estimated $1,520 annually. With a mortgage, expect around $1,372; without, approximately $1,808.
Protect your advantage with assessment review
Lake of the Woods residents enjoy one of Minnesota's lowest tax rates, but staying vigilant about individual assessments keeps savings intact. Review your latest assessment notice and compare your home's value against recent comparable sales—any overvaluation is worth appealing to the county assessor.
How Lake of the Woods County Compares
Median Annual Property Tax
Lake of the Woods County
0.71%
Effective rate
Minnesota Avg
0.97%
Effective rate
National Avg
0.91%
Effective rate
Frequently Asked Questions
What is the property tax rate in Lake of the Woods County, Minnesota?
How much are property taxes in Lake of the Woods County?
How does Lake of the Woods County compare to the Minnesota average?
What is the median home value in Lake of the Woods County, Minnesota?
Is Lake of the Woods County a low property tax area in Minnesota?
How does Lake of the Woods County rank for property taxes in Minnesota?
Counties with Similar Tax Rates
Nearby Counties
Other Counties in Minnesota
Data updated: March 2026
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates. Effective tax rate is calculated as median property tax divided by median home value.