Saint Paul, Minnesota Property Taxes
The median property tax rate in Saint Paul, MN is 1.16%, 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 Paul at $380,500, the typical annual property tax bill reaches $4,294, exceeding the national median of $2,690. Property taxes in Saint Paul are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Saint Paul'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 Paul 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 Paul, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$4,414
Ownwell’s Saint Paul Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Paul with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Paul 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 Paul, Minnesota
Property taxes in Saint Paul, Minnesota, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Paul is 1.16%, higher than the U.S. national median of 0.99%. Local government entities within Saint Paul set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Paul 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 Paul's effective property tax rate to other areas in Washington County and the national median. For comparison, the 55119 ZIP code has the highest median property tax rate of 1.38%, while the 55110 ZIP code has the lowest median tax rate of 1.00%. Understanding how these areas compare with Saint Paul provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Paul Tax Rate
1.16%
Average Washington County Tax Rate
1.12%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Paul, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55109 | 1.30% | 1.30% | 1.30% | 1.30% | 1.30% |
| 55110 | 0.92% | 0.96% | 1.00% | 1.11% | 1.15% |
| 55115 | 1.02% | 1.08% | 1.10% | 1.16% | 1.23% |
| 55119 | 1.28% | 1.37% | 1.38% | 1.41% | 1.42% |
| 55125 | 1.01% | 1.13% | 1.18% | 1.21% | 1.24% |
| 55128 | 1.04% | 1.07% | 1.11% | 1.13% | 1.22% |
| 55129 | 0.90% | 1.12% | 1.18% | 1.22% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Saint Paul, Minnesota
In Saint Paul, 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 Washington 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 Paul, 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 Paul helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in the area is $5,650 in the 55129 zip code, while the lowest is $3,472 in the 55128 zip code.
Average Saint Paul Assessed Value
$380,500
Average Washington County Assessed Value
$376,100
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint Paul, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55109 | $408,700 | $408,700 | $408,700 | $408,700 | $408,700 |
| 55110 | $337,640 | $411,200 | $561,400 | $847,100 | $1,284,880 |
| 55115 | $310,000 | $368,425 | $448,450 | $567,100 | $753,300 |
| 55119 | $254,450 | $347,325 | $400,500 | $453,225 | $484,950 |
| 55125 | $210,800 | $255,700 | $380,000 | $454,700 | $530,100 |
| 55128 | $165,000 | $228,975 | $308,400 | $356,525 | $408,370 |
| 55129 | $274,300 | $355,025 | $499,000 | $583,800 | $698,570 |
Source: Ownwell
Property Tax Bills Across Saint Paul, Minnesota
In Saint Paul, Washington County, MN, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is derived from the market value, which is influenced by factors such as the property's size, location, and condition. For instance, with a median home price of $380,500, homeowners can expect varying tax bills depending on their specific circumstances. The tax bill for the 25th percentile is around $3,118, while those in the 75th percentile face approximately $5,674. The 90th percentile sees tax bills as high as $7,228. Certain areas within Saint Paul show significant variation; for example, the highest median tax bill is $5,650 in the 55129 zip code, whereas the lowest is $3,472 in the 55128 zip code. These figures are notably higher than the national median property tax rate of 0.99%, reflecting the local economic and real estate conditions. Understanding these factors helps homeowners anticipate their tax obligations and plan accordingly.
Average Saint Paul Tax Bill
$4,294
Average Washington County Tax Bill
$4,148
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Paul, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55109 | $5,316 | $5,316 | $5,316 | $5,316 | $5,316 |
| 55110 | $3,392 | $4,282 | $5,548 | $8,468 | $13,652 |
| 55115 | $3,373 | $4,060 | $4,880 | $6,272 | $8,637 |
| 55119 | $3,339 | $4,764 | $5,608 | $6,434 | $6,813 |
| 55125 | $2,280 | $2,920 | $4,340 | $5,354 | $6,343 |
| 55128 | $1,946 | $2,568 | $3,472 | $4,130 | $4,786 |
| 55129 | $2,910 | $3,772 | $5,650 | $6,946 | $8,494 |
Source: Ownwell