Saint Cloud, Minnesota Property Taxes
The median property tax rate in Saint Cloud, MN is 1.19%, considerably higher than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Saint Cloud at $171,200, the typical annual property tax bill reaches $2,050, falling below the national median of $2,690. Property taxes in Saint Cloud 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 Saint Cloud'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 Saint Cloud 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
Saint Cloud, Minnesota 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 Saint Cloud Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Cloud with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Cloud 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 Benton County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Saint Cloud, Minnesota
Property taxes in Saint Cloud, Minnesota, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Cloud is 1.19%, higher than the U.S. national median of 0.99%. Local government entities within Saint Cloud set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Cloud 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 Saint Cloud's effective property tax rate to other areas in Benton County and the national median. For comparison, the 56303 zip code has the highest median property tax rate of 2.12%, while the 56301 zip code has the lowest median tax rate of 1.06%. Understanding how these areas compare with Saint Cloud provides valuable insights into the varying tax landscape across Benton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Cloud Tax Rate
1.19%
Average Benton County Tax Rate
1.02%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Cloud, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56301 | 0.99% | 1.02% | 1.06% | 1.53% | 1.81% |
| 56303 | 1.06% | 1.46% | 2.12% | 2.78% | 3.18% |
| 56304 | 0.76% | 1.06% | 1.19% | 1.32% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Saint Cloud, Minnesota
In Saint Cloud, 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 Benton 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 Saint Cloud, 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 Saint Cloud helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill is $2,051 in zip code 56304, while the lowest median tax bill is $1,340 in zip code 56301.
Average Saint Cloud Assessed Value
$171,200
Average Benton County Assessed Value
$250,700
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint Cloud, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56301 | $27,640 | $68,950 | $137,800 | $165,950 | $182,840 |
| 56303 | $40,730 | $86,825 | $163,650 | $240,475 | $286,570 |
| 56304 | $8,000 | $122,225 | $171,350 | $242,825 | $332,120 |
Source: Ownwell
Property Tax Bills Across Saint Cloud, Minnesota
In Saint Cloud, located in Benton County, 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 to determine the annual tax bill. For example, a median home price in Saint Cloud is $171,200. Property tax bills vary widely, with the 25th percentile at $1,270 and the 75th percentile at $2,895, indicating the range homeowners might expect to pay. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. The highest median tax bill in the area is $2,051 in zip code 56304, while the lowest is $1,340 in zip code 56301. These variations can significantly affect homeowners' finances, making it essential to understand how these elements come together to determine the final tax amount. Compared to the national median property tax rate of 0.99%, Saint Cloud's rates can be seen as relatively moderate, offering a balanced approach to property taxation.
Average Saint Cloud Tax Bill
$2,050
Average Benton County Tax Bill
$2,428
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Cloud, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56301 | $270 | $671 | $1,340 | $1,703 | $1,921 |
| 56303 | $562 | $888 | $1,432 | $1,976 | $2,302 |
| 56304 | $72 | $1,272 | $2,051 | $2,903 | $4,093 |
Source: Ownwell