Sauk Centre, Minnesota Property Taxes
The median property tax rate in Sauk Centre, MN is 0.95%, slightly below the national median of 0.99% and significantly lower than the Minnesota state median of 1.11%. With a median home value of $327,700 in Sauk Centre, the typical annual property tax bill reaches $2,832, surpassing the national median of $2,690. Property taxes in Sauk Centre are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Sauk Centre'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 Sauk Centre 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
Sauk Centre, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$3,113
Ownwell’s Sauk Centre Property Tax Bill Calculator is designed to help homeowners, real estate investors, and potential buyers estimate their annual property taxes in Sauk Centre with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sauk Centre to project your property tax bill. This valuable tool provides insights into potential tax liabilities, making financial planning easier. For those interested in more granular data, neighborhood-level trends are available further down the page. Your property’s assessed value is determined by Todd County for tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Sauk Centre, Minnesota
Property taxes in Sauk Centre, Minnesota, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sauk Centre is 0.95%, slightly below the U.S. national median of 0.99%. Local government entities within Sauk Centre set these rates annually, and they can vary across different neighborhoods. Each year, Sauk Centre 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 Sauk Centre's effective property tax rate to other areas in Minnesota and the national median. For comparison, the zip code 56378 has both the highest and lowest median property tax rate of 0.95%, identical to Sauk Centre's rate. Understanding how these cities compare with Sauk Centre provides valuable insights into the varying tax landscape across Todd County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sauk Centre Tax Rate
0.95%
Average Todd County Tax Rate
0.88%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sauk Centre, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56378 | 0.62% | 0.86% | 0.95% | 1.08% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Sauk Centre, Minnesota
In Sauk Centre, 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 Todd 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 Sauk Centre, 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 Sauk Centre helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $2832.00, found in the zip code 56378.
Average Sauk Centre Assessed Value
$327,700
Average Todd County Assessed Value
$198,400
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sauk Centre, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56378 | $48,380 | $186,850 | $327,700 | $455,150 | $615,340 |
Source: Ownwell
Property Tax Bills Across Sauk Centre, Minnesota
In Sauk Centre, located in Todd County, MN, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local assessor’s office and reflects the market value of the property. Homeowners in Sauk Centre can expect property tax bills to vary significantly. For instance, the 25th percentile tax bill is $1,575, while the 75th percentile reaches $4,194, and the 90th percentile can go up to $5,620. Several factors influence these tax bills, including the property's location, size, and any improvements made. Compared to the national median property tax rate of 0.99%, Sauk Centre's rates can be quite impactful on homeowners. The highest median tax bill in the area is $2,832, which falls within the zip code 56378. Understanding these factors is crucial for homeowners as they plan their finances and consider the long-term costs of property ownership in Sauk Centre.
Average Sauk Centre Tax Bill
$2,832
Average Todd County Tax Bill
$1,544
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Sauk Centre, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56378 | $445 | $1,575 | $2,832 | $4,194 | $5,620 |
Source: Ownwell