Lake of the Woods County, Minnesota Property Taxes
Census Bureau ACS property tax data for Minnesota. Population: 1,403.
The median annual property tax in Lake of the Woods County is $1,520, which is 30% lower than the Minnesota state average and 21% below the national average. The effective tax rate is 0.71% on a median home value of $215,000. Property taxes represent 2.2% of the median household income in this county.
Median Annual Tax
$1,520
-30% vs State
-21% vs US
Median Home Value
$215,000
-3% vs State
+2% vs US
Effective Tax Rate
0.71%
-27% vs State
-25% vs US
With vs Without Mortgage
With Mortgage
$1,372
$114/mo
Without Mortgage
$1,808
$151/mo
Homeowners with a mortgage typically own higher-valued properties, which can result in higher tax bills.
Property Tax History
| Year | Median Tax | Effective Rate |
|---|---|---|
| 2023 | $1,520 +8.6% | 0.71% |
| 2022 | $1,399 +7.4% | 0.68% |
| 2021 | $1,303 +9.8% | 0.72% |
| 2020 | $1,187 +4.4% | 0.66% |
| 2019 | $1,137 | 0.70% |
Tax Burden
Tax-to-Income Ratio
2.2%
of median household income
Median Income
$70,091
per year
Monthly Tax
$127
per month
Other Counties in Minnesota
Lyon County
Tax: $2,021/yr Rate: 1.05%
Meeker County
Tax: $2,159/yr Rate: 0.94%
Martin County
Tax: $1,547/yr Rate: 0.97%
Polk County
Tax: $2,109/yr Rate: 1.00%
Kanabec County
Tax: $2,463/yr Rate: 1.11%
Pipestone County
Tax: $1,154/yr Rate: 0.91%
Frequently Asked Questions
What is the average property tax in Lake of the Woods County, Minnesota? ▼
The median annual property tax in Lake of the Woods County is $1,520 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.71% on a median home value of $215,000.
How does Lake of the Woods County property tax compare to the national average? ▼
Property taxes in Lake of the Woods County are 21% below the national average of $1,923. The effective rate of 0.71% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Lake of the Woods County? ▼
In Lake of the Woods County, homeowners with a mortgage pay a median of $1,372 in annual property taxes, while homeowners without a mortgage pay $1,808. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Lake of the Woods County? ▼
Property taxes in Lake of the Woods County represent approximately 2.2% of the median household income of $70,091. The national benchmark is generally 2-4% of household income.
Explore More Data
Data source: U.S. Census Bureau, American Community Survey 5-Year Estimates. Property tax data reflects median amounts paid by homeowners. Effective rates are calculated as median tax divided by median home value.