Saint Charles, Minnesota Property Taxes
The median property tax rate in Saint Charles, MN, is 0.96%, slightly lower than both the national median of 0.99% and the Minnesota state median of 1.11%. With a median home value of $273,200 in Saint Charles, the typical annual property tax bill amounts to $2,504, which is below the national median of $2,690. Property taxes in Saint Charles are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Saint Charles'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 Charles 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 Charles, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$2,623
Ownwell’s Saint Charles Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Charles with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Charles 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 Charles, Minnesota
Property taxes in Saint Charles, Minnesota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Charles is 0.96%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Saint Charles set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Charles 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 Charles' effective property tax rate to other counties in Minnesota and the national median. For comparison, the zip code 55972 has both the highest and the lowest median property tax rate of 0.96%. Understanding how these cities compare with Saint Charles provides valuable insights into the varying tax landscape across Winona County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Charles Tax Rate
0.96%
Average Winona County Tax Rate
0.91%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Charles, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55972 | 0.72% | 0.83% | 0.96% | 1.05% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Saint Charles, Minnesota
In Saint Charles, 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 Winona 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 Charles, 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 Charles helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,504, located in zip code 55972, while the lowest median tax bill is also $2,504 in the same zip code.
Property Tax Assessment Values Across Saint Charles, Minnesota
Source: Ownwell
$121,500
$278,600
$435,700
Average Saint Charles Assessed Value
$273,200
Average Winona County Assessed Value
$212,200
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint Charles, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55972 | $138,980 | $191,425 | $273,200 | $387,600 | $476,660 |
Source: Ownwell
Property Tax Bills Across Saint Charles, Minnesota
In Saint Charles, located in Winona County, MN, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors who evaluate the property's market value. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual tax bill. For instance, the median home price in Saint Charles is $273,200, leading to varying tax bills across different percentiles. Homeowners in the 25th percentile pay around $1,694, while those in the 75th percentile pay approximately $3,646. At the 90th percentile, tax bills can reach up to $4,715. The highest median tax bill recorded in the area is $2,504, which is relatively high compared to the national median property tax rate of 0.99%. These tax bills significantly impact homeowners, as they must budget for these annual expenses, which can fluctuate based on changes in property values and local tax rates.
Average Saint Charles Tax Bill
$2,504
Average Winona County Tax Bill
$1,884
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Charles, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55972 | $1,140 | $1,694 | $2,504 | $3,646 | $4,715 |
Source: Ownwell