Blaine, Minnesota Property Taxes
The median property tax rate in Blaine, MN is 0.92%, slightly lower than the national median of 0.99% but also below Minnesota's state median of 1.11%. With the median home value in Blaine at $326,750, the typical annual property tax bill reaches $2,987, which is above the national median of $2,690. Property taxes in Blaine are calculated based on the tax assessed value, which generally falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Blaine'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 Blaine or another part of Anoka County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Blaine, Minnesota Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$2,220
Ownwell’s Blaine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blaine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blaine 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 Blaine, Minnesota
Property taxes in Blaine, Minnesota, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blaine is 0.92%, slightly lower than the U.S. national median of 0.99%. Local government entities within Blaine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blaine 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 Blaine's effective property tax rate to other areas in Minnesota and the national median. For comparison, the 55434 zip code has the highest median property tax rate of 0.93%, while the 55449 zip code has the lowest median tax rate of 0.92%. Understanding how these cities compare with Blaine provides valuable insights into the varying tax landscape across Anoka County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blaine Tax Rate
0.92%
Average Anoka County Tax Rate
0.96%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blaine, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55434 | 0.82% | 0.86% | 0.93% | 0.94% | 0.94% |
| 55449 | 0.88% | 0.90% | 0.92% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Blaine, Minnesota
In Blaine, 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 Anoka 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 Blaine, 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 Blaine helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill is $2,989 in the 55449 zip code, while the lowest is $2,782 in the 55434 zip code.
Average Blaine Assessed Value
$326,750
Average Anoka County Assessed Value
$327,000
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blaine, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55434 | $207,000 | $241,500 | $299,000 | $307,500 | $312,600 |
| 55449 | $276,620 | $299,400 | $329,200 | $436,700 | $622,680 |
Source: Ownwell
Property Tax Bills Across Blaine, Minnesota
Property tax bills in Blaine, Anoka County, MN, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors contribute to the assessed value, including the property's location, size, and condition. In Blaine, the median home price is $326,750, which significantly influences the property tax bills. Homeowners in this area can expect their tax bills to vary, with the 25th percentile at $2,651 and the 75th percentile at $3,900. For those at the 90th percentile, the tax bill can reach up to $5,642. The highest median tax bill in Blaine is found in zip code 55449, at $2,989, while the lowest is in zip code 55434, at $2,782. These property taxes fund essential local services, including schools, public safety, and infrastructure, directly impacting homeowners and the community.
Average Blaine Tax Bill
$2,987
Average Anoka County Tax Bill
$3,246
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Blaine, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55434 | $1,718 | $2,117 | $2,782 | $2,886 | $2,948 |
| 55449 | $2,574 | $2,656 | $2,989 | $4,062 | $5,798 |
Source: Ownwell