Dellwood, Minnesota Property Taxes
The median property tax rate in Dellwood, MN is 1.29%, considerably higher than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Dellwood at $324,200, the typical annual property tax bill reaches $4,206, exceeding the national median of $2,690. Property taxes in Dellwood 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 Dellwood'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 Dellwood or another part of Ramsey County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dellwood, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$4,182
Ownwell’s Dellwood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dellwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dellwood 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 Dellwood, Minnesota
Property taxes in Dellwood, Minnesota, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dellwood is 1.29%, higher than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Dellwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dellwood 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 Dellwood's effective property tax rate to other counties in Minnesota and the national median. For comparison, the 55110 zip code has the highest median property tax rate of 1.29%, while the 55110 zip code also has the lowest median tax rate of 1.29%. Understanding how these cities compare with Dellwood provides valuable insights into the varying tax landscape across Ramsey County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dellwood Tax Rate
1.29%
Average Ramsey County Tax Rate
1.37%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dellwood, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55110 | 1.28% | 1.29% | 1.29% | 1.30% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Dellwood, Minnesota
In Dellwood, 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 Ramsey 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 Dellwood, 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. For example, the highest median tax bill in Dellwood's 55110 zip code is $4,206. By being aware of these valuation processes, homeowners can identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dellwood Assessed Value
$324,200
Average Ramsey County Assessed Value
$300,800
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dellwood, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55110 | $287,000 | $300,950 | $324,200 | $347,450 | $361,400 |
Source: Ownwell
Property Tax Bills Across Dellwood, Minnesota
In Dellwood, located in Ramsey County, MN, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the market value of the property. Homeowners in Dellwood face property tax bills that can vary significantly, with the 25th percentile tax bill at $3,874 and the 75th percentile at $4,538. The 90th percentile tax bill reaches up to $4,737. These figures reflect the local property tax rate, which can be compared to the national median property tax rate of 0.99%. Several factors influence the tax bill, including the home's assessed value, any applicable exemptions, and the local tax rate set by the county. This financial obligation can significantly impact homeowners, affecting their monthly mortgage payments and overall housing affordability. Understanding these elements helps homeowners anticipate their annual tax responsibilities and plan their finances accordingly, ensuring they are prepared for the varying property tax bills within the community.
Average Dellwood Tax Bill
$4,206
Average Ramsey County Tax Bill
$4,166
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Dellwood, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55110 | $3,675 | $3,874 | $4,206 | $4,538 | $4,737 |
Source: Ownwell