Saint Hilaire, Minnesota Property Taxes
The median property tax rate in Saint Hilaire, MN is 0.52%, considerably lower than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Saint Hilaire at $166,400, the typical annual property tax bill reaches $830, significantly below the national median of $2,690. Property taxes in Saint Hilaire 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 Hilaire'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 Hilaire 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 Hilaire, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.52%
Estimate Property Tax Bill
$865
Ownwell’s Saint Hilaire Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Hilaire with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Hilaire 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 Saint Hilaire, Minnesota
Property taxes in Saint Hilaire, 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 Hilaire is 0.52%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Saint Hilaire set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Hilaire 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 Hilaire's effective property tax rate to other areas in Minnesota and the national median. For comparison, the zip code 56754 has the highest median property tax rate of 0.52%, while the same zip code also has the lowest median tax rate of 0.52%. Understanding how these areas compare with Saint Hilaire provides valuable insights into the varying tax landscape across Red Lake County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Hilaire Tax Rate
0.52%
Average Red Lake County Tax Rate
1.03%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Hilaire, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56754 | 0.50% | 0.51% | 0.52% | 0.52% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Saint Hilaire, Minnesota
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Saint Hilaire, Minnesota. 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 Red Lake 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 Hilaire, 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 Hilaire helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $830, found in the zip code 56754.
Property Tax Assessment Values Across Saint Hilaire, Minnesota
Source: Ownwell
$92,900
$145,900
$198,900
Average Saint Hilaire Assessed Value
$166,400
Average Red Lake County Assessed Value
$138,800
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint Hilaire, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56754 | $150,320 | $156,350 | $166,400 | $228,150 | $265,200 |
Source: Ownwell
Property Tax Bills Across Saint Hilaire, Minnesota
In Saint Hilaire, property tax bills are calculated based on the assessed value of a home and the local tax rate. For homeowners, the assessed value is determined by the county assessor, who evaluates the property’s market value. The median home price in Saint Hilaire is $166,400, which is used as a reference point for tax calculations. The property tax rate in Saint Hilaire is applied to the assessed value to determine the annual tax bill. Factors such as home improvements, neighborhood changes, and market conditions can influence the assessed value. Homeowners in Saint Hilaire experience varying tax bills. At the 25th percentile, the tax bill is around $795, while at the 75th percentile, it rises to $1169. For those at the 90th percentile, the tax bill can reach up to $1372. Compared to the national median property tax rate of 0.99%, Saint Hilaire's property tax bills reflect the local economic and real estate conditions, directly affecting homeowners' annual financial obligations.
Average Saint Hilaire Tax Bill
$830
Average Red Lake County Tax Bill
$1,274
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Hilaire, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56754 | $774 | $795 | $830 | $1,169 | $1,372 |
Source: Ownwell