How much are property taxes in Beaver Bay Township, MN?

Homeowners in Beaver Bay Township, MN pay a median of $1,766 (±$132) a year in real estate taxes (2020–2024 American Community Survey, table B25103).

Homes with a mortgage pay a median of $1,755.

Homes without a mortgage pay a median of $1,781.

That is about 0.6% of the median home value of $294,000.

In Beaver Bay Township, the median real estate tax went from $1,571 in 2015–2019 to $1,766 in 2020–2024 (+12.4%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on .

Median real estate taxes
$1,766 (±$132)
With a mortgage
$1,755
Without a mortgage
$1,781
Share of median value
0.6%

Real estate taxes in Beaver Bay Township against Lake County, its state and the nation

Median real estate taxes paid a year, estimate (90% margin of error)
Beaver Bay TownshipLake CountyMinnesotaUnited States
Median real estate taxes$1,766 (±$132)$1,765 (±$80)$3,357 (±$10)$3,119
Homes with a mortgage$1,755 (±$111)$1,800 (±$116)$3,470 (±$14)$3,489
Homes without a mortgage$1,781 (±$316)$1,726 (±$106)$3,144 (±$18)$2,576
Median home value$294,000 (±$51,829)$241,300 (±$10,335)$329,300 (±$903)$332,700

In Beaver Bay Township, the median real estate tax is not measurably different from Lake County ($1,765).

It is also lower than in Minnesota ($3,357).

It is lower than the national figure ($3,119).

In Lake County, Beaver Bay Township ranks 4 of 8 places with a published estimate, from highest to lowest median real estate taxes.

Statewide, it ranks 1543 of 2,563.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

Taxes as a share of home value in Beaver Bay Township

The median tax ($1,766) is 0.6% of the median home value ($294,000).

Across Lake County the same ratio is 0.7%.

Across Minnesota it is 1.0%.

This is a ratio of two medians, a rough effective rate: not the tax rate or mill rate the town, county or school district sets, and not any one home’s bill.

Owners report what they paid and what they think their home is worth; the assessor’s office publishes the actual rates and assessments.

How property taxes in Beaver Bay Township have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Median real estate taxes$1,571 (±$420)$1,766 (±$132)+12.4%No measurable change after inflation
Median home value$207,100 (±$74,923)$294,000 (±$51,829)+42.0%No measurable change after inflation
Median owner cost with a mortgage$1,625 (±$959)$1,647 (±$90)+1.4%No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median real estate taxes in places near Beaver Bay Township

Nearest places with a published estimate, compared with Beaver Bay Township
PlaceDistanceMedian real estate taxesCompared with this place
Beaver Bay Township—$1,766 (±$132)—
Silver Bay6.1 mi$1,234 (±$134)Lower
Beaver Bay8.4 mi$1,912 (±$518)Not measurably different
Silver Creek Township (Lake County)16 mi$2,443 (±$291)Higher
Crystal Bay Township18 mi$1,689 (±$131)Not measurably different
Stony River Township22 mi$1,217 (±$302)Lower
Schroeder Township27 mi$2,700 (±$1,283)Not measurably different
Pequaywan Township29 mi$3,150 (±$501)Higher
Fairbanks Township29 mi$2,438 (±$1,400)Not measurably different

Nearby places with a measurably lower figure: Silver Bay, MN ($1,234), Stony River Township, MN ($1,217).

Nearby places with a measurably higher figure: Silver Creek Township (Lake County), MN ($2,443), Pequaywan Township, MN ($3,150).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median real estate taxes across Lake County, place by place

RankPlaceMedian real estate taxes
1Fall Lake Township$2,767 (±$256)
2Silver Creek Township (Lake County)$2,443 (±$291)
3Beaver Bay$1,912 (±$518)
4Beaver Bay Township$1,766 (±$132)
5Crystal Bay Township$1,689 (±$131)
6Two Harbors$1,524 (±$229)
7Silver Bay$1,234 (±$134)
8Stony River Township$1,217 (±$302)

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Beaver Bay Township

How much are property taxes in Beaver Bay Township?

The median real estate tax paid by homeowners in Beaver Bay Township, MN is $1,766 (±$132) a year (2020–2024 American Community Survey).

What is the property tax rate in Beaver Bay Township?

The Census Bureau does not publish tax rates; as a rough guide, the median tax paid is 0.6% of the median home value in Beaver Bay Township, and the actual rate is set by the town, county and school district.

Have property taxes in Beaver Bay Township gone up?

In Beaver Bay Township, the median real estate tax went from $1,571 in 2015–2019 to $1,766 in 2020–2024 (+12.4%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Are property taxes in Beaver Bay Township higher than in Lake County?

In Beaver Bay Township, the median real estate tax is not measurably different from Lake County ($1,765).

It is also lower than in Minnesota ($3,357).

It is lower than the national figure ($3,119).

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Beaver Bay township, Lake County, Minnesota (county subdivision:04474, in state:27 county:075).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25103_001E, B25103_001M, B25077_001E, B25077_001M, B25088_002E, B25088_002M from the 2019 release.

The API needs a free key.

Request a Census API key.

B25103_001E, B25103_001M, B25103_002E, B25103_002M, B25103_003E, B25103_003M, DP04_0089E, DP04_0089M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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