Today: July 25, 2017
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Property Taxes

Steps to estimate taxes for properties located within the City of Barnesville

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

For a $100,000 home:
Take $100,000 times .01 (1.0%) = tax capacity of $1000.00

$1000.00 x 2015 tax extension rates of 1.8505             $ 1185.05
$100,000 (full value) x 2015 rates of 0.0018164         + $ 181.64
Minus Homestead Credit ( varies with market value)   – $ 334.65

2015 Property taxes due on a $100,000 home $1032.04

ESTIMATED TAXES FOR OTHER HOME VALUES WITHIN BARNESVILLE

$ 75,000…………………………………………………………………$ 669.51
$ 80,000…………………………………………………………………$ 737.37
$ 85,000…………………………………………………………………$ 811.04
$ 90,000…………………………………………………………………$ 884.70
$ 95,000…………………………………………………………………$ 958.37
$100,000………………………………………………………………..$ 1032.04
$110,000………………………………………………………………..$ 1179.38
$120,000………………………………………………………………..$ 1326.71
$130,000………………………………………………………………..$ 1474.05
$140,000………………………………………………………………..$ 1621.38
$150,000………………………………………………………………..$ 1768.72
$200,000………………………………………………………………..$ 2505.39

 

This sheet is intended to be an estimate of the taxes payable in 2015. For exact amounts contact the Clay County Auditors office at (218) 299-5006. For other information contact Barnesville Economic Development at (218) 354-2145.