Stacy, Minnesota Property Taxes
The median property tax rate in Stacy, MN is 0.78%, which is notably lower than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Stacy at $374,800, the typical annual property tax bill reaches $2,854, slightly above the national median of $2,690. Property taxes in Stacy are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Stacy'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 Stacy 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
Stacy, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$2,923
Ownwell’s Stacy Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stacy with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stacy 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 Stacy, Minnesota
Property taxes in Stacy, Minnesota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stacy is 0.78%, lower than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Stacy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stacy 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 Stacy's effective property tax rate to other counties in Minnesota and the national median. For comparison, the 55079 zip code has the highest median property tax rate of 0.78%, while the same zip code also has the lowest median tax rate of 0.78%. Understanding how these cities compare with Stacy provides valuable insights into the varying tax landscape across Anoka County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stacy Tax Rate
0.78%
Average Anoka County Tax Rate
0.96%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stacy, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55079 | 0.65% | 0.74% | 0.78% | 0.80% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Stacy, Minnesota
In Stacy, 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 Anoka 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 Stacy, 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. For example, the median home price in Stacy is $374,800, with tax bills ranging from $2,099 at the 25th percentile to $4,349 at the 90th percentile. The highest and lowest median tax bills are both $2,854, found in zip code 55079. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Stacy Assessed Value
$374,800
Average Anoka County Assessed Value
$327,000
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stacy, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55079 | $218,590 | $291,025 | $374,800 | $477,550 | $561,340 |
Source: Ownwell
Property Tax Bills Across Stacy, Minnesota
In Stacy, MN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate set by Anoka County to determine the annual tax bill. For example, with a median home price of $374,800, homeowners can expect their tax bills to vary widely. The tax bill at the 25th percentile is $2,099, while at the 75th percentile, it reaches $3,672, and at the 90th percentile, it can go as high as $4,349. Several factors influence these tax bills, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, homeowners in Stacy may find their tax bills higher or lower depending on these factors. Understanding how these elements affect property taxes can help homeowners budget more effectively and potentially explore options for appealing their assessed values to ensure fair taxation.
Average Stacy Tax Bill
$2,854
Average Anoka County Tax Bill
$3,246
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Stacy, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55079 | $1,452 | $2,099 | $2,854 | $3,672 | $4,349 |
Source: Ownwell