Saint Francis, Minnesota Property Taxes
The median property tax rate in Saint Francis, MN is 0.93%, slightly lower than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Saint Francis at $292,700, the typical annual property tax bill reaches $2,783, which is still below the national median of $2,690. Property taxes in Saint Francis 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 Francis'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 Francis 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 Francis, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$2,722
Ownwell’s Saint Francis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Francis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Francis 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 Francis, Minnesota
Property taxes in Saint Francis, Minnesota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Francis is 1.10%, higher than both the Minnesota state median of 1.05% and the U.S. national median of 0.99%. Local government entities within Saint Francis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Francis 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 Francis's effective property tax rate to other counties in Minnesota and the national median. For comparison, the 55070 zip code has the highest median property tax rate of 1.10%, while the same zip code also has the lowest median tax rate of 1.10%. Understanding how these cities compare with Saint Francis 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 Saint Francis Tax Rate
0.93%
Average Anoka County Tax Rate
0.96%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Francis, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55070 | 0.58% | 0.89% | 0.93% | 0.98% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Saint Francis, Minnesota
In Saint Francis, 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 Saint Francis, 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 Francis helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $2,783 in the 55070 zip code.
Property Tax Assessment Values Across Saint Francis, Minnesota
Source: Ownwell
$240,300
$397,275
$554,250
Average Saint Francis Assessed Value
$292,700
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 Saint Francis, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55070 | $76,180 | $236,800 | $292,700 | $352,350 | $434,820 |
Source: Ownwell
Property Tax Bills Across Saint Francis, Minnesota
Property tax bills in Saint Francis, located in Anoka County, Minnesota, are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. In Saint Francis, the median home price stands at $292,700. Homeowners in the 25th percentile can expect a tax bill of around $2,185, while those in the 75th percentile may see bills closer to $3,410. For the top 10% of property values, tax bills can reach up to $4,146. These figures are notably higher than the national median property tax rate of 0.99%, reflecting the unique market dynamics and valuation methods in the region. Understanding these factors helps homeowners anticipate their annual financial obligations and plan accordingly.
Average Saint Francis Tax Bill
$2,783
Average Anoka County Tax Bill
$3,246
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Francis, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55070 | $440 | $2,185 | $2,783 | $3,410 | $4,146 |
Source: Ownwell