Saint Cloud, Minnesota Property Taxes
The median property tax rate in Saint Cloud, MN is 1.02%, slightly above the national median of 0.99% but below the Minnesota state median of 1.11%. With the median home value in Saint Cloud at $247,950, the typical annual property tax bill is $2,472, which is just under 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
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$2,529
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 the 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 1.02%, which is 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 Sherburne County and the national median. For comparison, the zip code 56304 has both the highest and lowest median property tax rate of 1.02%. Understanding how these areas compare with Saint Cloud provides valuable insights into the varying tax landscape across Sherburne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Cloud Tax Rate
1.02%
Average Sherburne County Tax Rate
1.08%
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 |
|---|---|---|---|---|---|
| 56304 | 0.74% | 0.78% | 1.02% | 1.13% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Saint Cloud, Minnesota
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Saint Cloud, 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 Sherburne 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. For instance, the zip code 56304 has the highest median tax bill at $2,472, while the same zip code also registers the lowest median tax bill. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Saint Cloud Assessed Value
$247,950
Average Sherburne County Assessed Value
$345,300
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 |
|---|---|---|---|---|---|
| 56304 | $146,230 | $187,800 | $247,950 | $366,825 | $467,800 |
Source: Ownwell
Property Tax Bills Across Saint Cloud, Minnesota
In Saint Cloud, Sherburne County, MN, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is an estimate of the home's market value, determined by the county assessor. Factors such as the property's location, size, and condition play a crucial role in this valuation. For homeowners in Saint Cloud, the median home price is $247,950. The property tax rate in the area is compared to the national median of 0.99%, providing a baseline for understanding local tax obligations. Homeowners should be aware that property tax bills can vary significantly. In Saint Cloud, the 25th percentile tax bill is $1,990, while the 75th percentile reaches $3,224, and the 90th percentile climbs to $4,405. This range indicates that tax bills can differ based on property values and specific local rates. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Saint Cloud Tax Bill
$2,472
Average Sherburne County Tax Bill
$3,686
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 |
|---|---|---|---|---|---|
| 56304 | $1,538 | $1,990 | $2,472 | $3,224 | $4,405 |
Source: Ownwell