Robbinsdale, Minnesota Property Taxes
The median property tax rate in Robbinsdale, MN is 1.35%, considerably higher than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Robbinsdale at $319,500, the typical annual property tax bill reaches $4,297, exceeding the national median of $2,690. Property taxes in Robbinsdale are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Robbinsdale's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Robbinsdale or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Robbinsdale, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$4,313
Ownwell’s Robbinsdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Robbinsdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Robbinsdale to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Robbinsdale, Minnesota
Property taxes in Robbinsdale, Minnesota, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Robbinsdale is 1.35%, significantly higher than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Robbinsdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Robbinsdale estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Robbinsdale's effective property tax rate to other counties in Minnesota and the national median. For comparison, the 55422 zip code has the highest median property tax rate of 1.35%, while the same zip code also has the lowest median tax rate of 1.35%. Understanding how these cities compare with Robbinsdale provides valuable insights into the varying tax landscape across Hennepin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Robbinsdale Tax Rate
1.35%
Average Hennepin County Tax Rate
1.26%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Robbinsdale, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55422 | 1.32% | 1.33% | 1.35% | 1.36% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Robbinsdale, Minnesota
In Robbinsdale, Minnesota, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Hennepin County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Robbinsdale, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Robbinsdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 55422, with a median tax bill of $4,297.
Property Tax Assessment Values Across Robbinsdale, Minnesota
Source: Ownwell
$83,000
$1,064,000
$2,045,000
Average Robbinsdale Assessed Value
$319,500
Average Hennepin County Assessed Value
$350,000
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Robbinsdale, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55422 | $271,500 | $296,250 | $319,500 | $355,750 | $376,400 |
Source: Ownwell
Property Tax Bills Across Robbinsdale, Minnesota
In Robbinsdale, property tax bills are calculated based on the assessed value of your home, which is determined by the local assessor. This assessed value is then multiplied by the local tax rate to determine your annual tax bill. For instance, with a median home price of $319,500, homeowners can expect their tax bill to vary significantly. The 25th percentile tax bill stands at $3,958, while the 75th percentile reaches $4,835, and the 90th percentile can go up to $5,165. These figures are notably higher than the national median property tax rate of 0.99%, indicating a relatively higher property tax burden in Robbinsdale. Factors such as property improvements, neighborhood developments, and changes in local tax rates can also influence your tax bill. For homeowners, this means that staying informed about local property assessments and any potential exemptions is crucial to managing their annual tax expenses effectively.
Average Robbinsdale Tax Bill
$4,297
Average Hennepin County Tax Bill
$4,453
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Robbinsdale, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55422 | $3,635 | $3,958 | $4,297 | $4,835 | $5,165 |
Source: Ownwell