Barnesville property taxes are very competitive with
surrounding communities. The city council has a goal
of holding the line on taxes and the community has seen
a minimal increase in taxes over the past few years.
This is possible because of the city's enterprises,
i.e. telephone and electric businesses, the profits
of which subsidize needed tax dollars.
Minnesota Class rates for Residential Homestead
Property
First $500,000 of market value has a 1% class rate,
which is used to compute tax capacity. The tax capacity
of your property is used to compute actual taxes payable.
The tax extension rate includes county, city and school
district taxes.
Take $100,000 times .01 (1.0%) = tax capacity of $1000.00
$1000.00 x 2008 tax extension rates of 1.15546 $ 1155.00
$100,000 (full value) x 2008 rates of 0.0024317 + $
243.17
Minus Homestead Credit ( varies with market value) -
$ 282.40
2008 Property taxes due on a $100,000 home $1116.23
ESTIMATED TAXES FOR OTHER HOME
VALUES WITHIN BARNESVILLE
$ 75,000.............................................................................$
748.97
$ 80,000.............................................................................$
818.50
$ 85,000.............................................................................$
892.94
$ 90,000.............................................................................$
967.37
$ 95,000...........................................................................$
1041.80
$100,000..........................................................................$
1116.23
$110,000..........................................................................$
1265.09
$120,000..........................................................................$
1413.96
$130,000..........................................................................$
1562.82
$140,000..........................................................................$
1711.68
$150,000..........................................................................$
1860.55
$200,000..........................................................................$
2604.86
This information is intended to be an estimate of
the taxes payable in 2008. For exact amounts contact
the Clay County Auditors at (218) 299-5006. For other
information contact Barnesville Economic Development
at (218) 354-2145. |
