Saint Paul Park, Minnesota Property Taxes
The median property tax rate in Saint Paul Park, MN is 1.23%, 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 Park at $265,400, the typical annual property tax bill reaches $3,312, exceeding the national median of $2,690. Property taxes in Saint Paul Park 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 Paul Park'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 Park 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 Park, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$3,264
Ownwell’s Saint Paul Park Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Paul Park with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Paul Park 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 Park, Minnesota
Property taxes in Saint Paul Park, Minnesota, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Paul Park is 1.23%, higher than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Saint Paul Park set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Paul Park 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 Park's effective property tax rate to other counties in Minnesota and the national median. For comparison, the zip code 55071 has the highest median property tax rate of 1.23%, while the same zip code also has the lowest median tax rate of 1.23%. Understanding how these cities compare with Saint Paul Park 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 Park Tax Rate
1.23%
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 Park, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55071 | 1.17% | 1.21% | 1.23% | 1.25% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Saint Paul Park, Minnesota
In Saint Paul Park, 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 Park, 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 Park helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 55071 holds the highest and lowest median tax bill, both at $3,312, highlighting opportunities for homeowners to appeal and lower their tax obligations.
Property Tax Assessment Values Across Saint Paul Park, Minnesota
Source: Ownwell
$12,550
$585,000
$1,157,450
Average Saint Paul Park Assessed Value
$265,400
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 Park, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55071 | $190,700 | $238,100 | $265,400 | $305,500 | $344,300 |
Source: Ownwell
Property Tax Bills Across Saint Paul Park, Minnesota
In Saint Paul Park within Washington County, MN, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is determined by the county assessor and is intended to reflect the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual property tax bill. For instance, with a median home price of $265,400, homeowners can expect varying tax bills based on specific assessments and exemptions. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. The tax bill in Saint Paul Park ranges significantly, with the 25th percentile at $2,934 and the 90th percentile reaching up to $4,355. This variability affects homeowners differently, depending on their property’s assessed value and eligibility for exemptions. Compared to the national median property tax rate of 0.99%, Saint Paul Park's rates can lead to higher annual tax obligations, reflecting the local economic conditions and funding requirements for public services.
Average Saint Paul Park Tax Bill
$3,312
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 Park, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55071 | $2,507 | $2,934 | $3,312 | $3,806 | $4,355 |
Source: Ownwell