Isanti County Property Taxes
The median property tax rate in Isanti County is 0.95%, which is slightly below the national median of 0.99% and considerably lower than the Minnesota state median of 1.11%. With a median home value of $289,100, the typical annual property tax bill in Isanti County amounts to $2,982, which is above the national median of $2,690. Property taxes in Isanti County are calculated based on the tax assessed value, often lower than the actual market value due to various property tax exemptions such as primary residence and agricultural exemptions. Understanding Isanti County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Cambridge or another part of Isanti County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Isanti County Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$2,220
Ownwell’s Isanti County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Isanti County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Isanti County to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Isanti County, Minnesota
Property taxes in Isanti County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Isanti County is 0.95%, which is lower than the Minnesota state median but close to the U.S. national median of 0.99%. Local government entities within Isanti County set these rates annually, and they can vary significantly between different areas within the county. Each year, Isanti County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Braham has one of the higher property tax rates in Minnesota at 1.65%, while the city of Milaca boasts one of the lowest at 0.57%. Analyzing how Isanti County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Isanti County Tax Rate
0.95%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Isanti County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anoka | 0.29% | 0.29% | 0.29% | 0.29% | 0.29% |
| Bethel | 0.77% | 0.82% | 0.85% | 0.96% | 1.01% |
| Braham | 0.38% | 0.81% | 1.65% | 1.81% | 1.88% |
| Cambridge | 0.60% | 0.91% | 1.03% | 1.31% | 1.38% |
| Dalbo | 0.23% | 0.36% | 0.80% | 0.91% | 1.00% |
| Grandy | 0.75% | 0.86% | 0.90% | 0.93% | 0.96% |
| Harris | 0.38% | 0.49% | 0.66% | 0.86% | 0.88% |
| Isanti | 0.52% | 0.87% | 1.02% | 1.24% | 1.31% |
| Milaca | 0.28% | 0.31% | 0.57% | 0.79% | 0.85% |
| North Branch | 0.33% | 0.55% | 0.86% | 0.90% | 0.95% |
| Ogilvie | 0.24% | 0.41% | 0.61% | 0.83% | 1.13% |
| Princeton | 0.25% | 0.60% | 0.85% | 0.91% | 0.97% |
| Saint Francis | 0.20% | 0.38% | 0.74% | 0.78% | 0.80% |
| Stacy | 0.32% | 0.59% | 0.89% | 0.97% | 1.01% |
| Stanchfield | 0.22% | 0.45% | 0.80% | 0.88% | 0.94% |
| Zimmerman | 0.41% | 0.75% | 0.82% | 0.96% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Isanti County, Minnesota
In Isanti County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Isanti County Appraisal District. The assessed value, however, 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. Assessment notices in Isanti County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. In Isanti County, the highest median tax bill is found in Bethel at $3,906, while the lowest is in Anoka at $508. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Isanti County Assessed Value
$289,100
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Isanti County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anoka | $174,600 | $174,600 | $174,600 | $174,600 | $174,600 |
| Bethel | $359,850 | $382,200 | $454,950 | $665,250 | $721,200 |
| Braham | $112,250 | $150,850 | $210,600 | $258,200 | $350,050 |
| Cambridge | $168,460 | $222,750 | $284,000 | $360,500 | $479,640 |
| Dalbo | $72,470 | $163,625 | $266,950 | $381,900 | $494,950 |
| Grandy | $151,310 | $192,750 | $222,850 | $275,500 | $382,830 |
| Harris | $247,460 | $264,125 | $312,800 | $561,325 | $727,120 |
| Isanti | $163,080 | $239,375 | $291,800 | $356,925 | $481,760 |
| Milaca | $107,700 | $246,375 | $363,450 | $538,650 | $782,900 |
| North Branch | $145,500 | $257,300 | $348,000 | $469,600 | $598,900 |
| Ogilvie | $114,120 | $224,400 | $274,200 | $405,100 | $446,320 |
| Princeton | $132,100 | $237,150 | $333,300 | $461,900 | $613,200 |
| Saint Francis | $201,920 | $274,700 | $400,200 | $561,400 | $668,800 |
| Stacy | $116,090 | $255,575 | $394,300 | $546,975 | $646,280 |
| Stanchfield | $119,500 | $201,725 | $305,500 | $428,400 | $548,850 |
| Zimmerman | $106,900 | $262,600 | $356,600 | $512,800 | $645,960 |
Source: Ownwell
Property Tax Bills Across Isanti County, Minnesota
In Isanti County, MN, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This value is then multiplied by the local tax rate. For homeowners, various factors such as the home's location, size, and market conditions play a crucial role in determining the assessed value. In Isanti County, the median home price is $289,100, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $2,012, while the 75th percentile reaches $3,818, and the 90th percentile can be as high as $4,698. Comparatively, the national median property tax rate is 0.99%, indicating that Isanti County's property taxes can be relatively high or low depending on specific circumstances. The highest median tax bill in the county is found in Bethel at $3,906, while Anoka has the lowest at $508. These variations affect homeowners differently, impacting their annual financial planning and overall cost of homeownership.
Average Isanti County Tax Bill
$2,982
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Isanti County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anoka | $508 | $508 | $508 | $508 | $508 |
| Bethel | $3,330 | $3,505 | $3,906 | $5,414 | $5,973 |
| Braham | $696 | $1,734 | $2,644 | $3,766 | $4,522 |
| Cambridge | $1,058 | $2,402 | $3,167 | $3,902 | $4,826 |
| Dalbo | $172 | $714 | $1,867 | $2,923 | $3,778 |
| Grandy | $791 | $1,626 | $1,897 | $2,450 | $3,023 |
| Harris | $1,475 | $2,182 | $2,697 | $3,186 | $3,416 |
| Isanti | $794 | $2,296 | $3,172 | $3,862 | $4,518 |
| Milaca | $432 | $1,078 | $2,263 | $3,326 | $4,476 |
| North Branch | $431 | $1,778 | $2,717 | $3,630 | $4,828 |
| Ogilvie | $396 | $998 | $1,938 | $3,014 | $3,211 |
| Princeton | $352 | $1,560 | $2,629 | $3,675 | $4,848 |
| Saint Francis | $450 | $1,618 | $2,552 | $3,631 | $4,813 |
| Stacy | $366 | $1,613 | $3,069 | $4,582 | $5,719 |
| Stanchfield | $315 | $1,171 | $2,237 | $3,346 | $4,517 |
| Zimmerman | $456 | $1,930 | $2,866 | $4,070 | $5,612 |
Source: Ownwell