TaxBy County

Lake of the Woods County

Lake of the Woods County, Minnesota

Effective Tax Rate

0.71%

Median Annual Tax

$1,520

How Lake of the Woods County Compares

Median Annual Property Tax

Lake of the Woods County$1,520
Minnesota State Average$2,168
National Average$1,924

Lake of the Woods County

0.71%

Effective rate

Minnesota Avg

0.97%

Effective rate

National Avg

0.91%

Effective rate

Tax by Mortgage Status

With Mortgage

$1,372

per year

Without Mortgage

$1,808

per year

Estimate Your Property Tax

$

Annual Tax

$1,520

Monthly Escrow

$127

Effective Rate

0.71%

vs. Minnesota State Average▼ 29.9% below
vs. National Average▼ 43.5% below
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Frequently Asked Questions

What is the property tax rate in Lake of the Woods County, Minnesota?
The effective property tax rate in Lake of the Woods County, Minnesota is 0.71%. This rate is calculated by dividing the median property tax payment by the median home value in the county.
How much are property taxes in Lake of the Woods County?
The median annual property tax payment in Lake of the Woods County is $1,520. Homeowners with a mortgage pay a median of $1,372, while those without a mortgage pay $1,808.
How does Lake of the Woods County compare to the Minnesota average?
Lake of the Woods County's effective tax rate of 0.71% is lower than the Minnesota state average of 0.97%. The median annual property tax in Lake of the Woods County is $1,520, compared to the state average of $2,168.
What is the median home value in Lake of the Woods County, Minnesota?
The median home value in Lake of the Woods County, Minnesota is $215,000, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates.
How are property taxes calculated in Minnesota?
Property taxes in Minnesota are calculated based on the assessed value of your property multiplied by the local mill levy (tax rate). The assessed value is determined by your county assessor and may differ from market value. Homeowners may qualify for exemptions such as homestead, senior, veteran, or disability exemptions that can reduce the taxable value. Tax rates vary by county and include levies for schools, municipal services, and special districts.

Counties with Similar Tax Rates

Rock County(MN)

Rate0.72%
Median Tax$1,451

Becker County(MN)

Rate0.73%
Median Tax$1,951

Clearwater County(MN)

Rate0.73%
Median Tax$1,297

Lake County(MN)

Rate0.75%
Median Tax$1,674
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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.

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