Benton County Property Taxes
The median property tax rate in Benton County is 1.02%, which is slightly higher than the national median of 0.99% but lower than the Minnesota state median of 1.11%. With a median home value of $250,700, the typical annual property tax bill in Benton County is $2,428, which is just below the national median of $2,690. Property taxes in Benton County are calculated based on the assessed value, which typically falls below the actual market value due to various property tax exemptions such as those for primary residences and agricultural properties. Understanding Benton County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Foley or another part of Benton County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Benton County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$2,557
Ownwell’s Benton County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Benton County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Benton County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Benton County, Minnesota
Property taxes in Benton County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Benton County is 1.02%, which is higher than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Benton County set these rates annually, and they can vary significantly between different areas within the county. Each year, Benton County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Benton County's effective property tax rate with other counties in Minnesota and the national median. For comparison, the city of Saint Cloud has one of the higher property tax rates in Minnesota at 1.19%, while the city of Foreston boasts one of the lowest at 0.65%. Analyzing how Benton County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Benton County Tax Rate
1.02%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Benton County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Clear Lake | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% |
| Foley | 0.33% | 0.61% | 0.82% | 1.12% | 1.23% |
| Foreston | 0.31% | 0.44% | 0.65% | 0.76% | 0.78% |
| Gilman | 0.77% | 0.81% | 0.88% | 0.89% | 0.89% |
| Oak Park | 0.30% | 0.47% | 0.66% | 0.79% | 0.83% |
| Princeton | 0.31% | 0.54% | 0.68% | 0.74% | 0.80% |
| Rice | 0.62% | 0.87% | 0.95% | 1.02% | 1.07% |
| Royalton | 0.61% | 0.86% | 0.96% | 1.05% | 1.11% |
| Saint Cloud | 0.76% | 1.06% | 1.19% | 1.32% | 1.50% |
| Sartell | 0.90% | 1.09% | 1.15% | 1.32% | 1.54% |
| Sauk Rapids | 0.77% | 0.91% | 1.10% | 1.15% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Benton County, Minnesota
In Benton County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Benton County Appraisal District. The assessed value, however, 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. Assessment notices in Benton County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, the highest median tax bill in the county is in Clear Lake at $3,998, while Princeton has the lowest at $1,138. Being aware of these valuation processes in Benton County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Benton County, Minnesota
Source: Ownwell
$10,500
$231,600
$452,700
Average Benton County Assessed Value
$250,700
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Benton County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Clear Lake | $452,700 | $452,700 | $452,700 | $452,700 | $452,700 |
| Foley | $50,040 | $150,825 | $258,600 | $385,250 | $530,960 |
| Foreston | $94,700 | $167,550 | $289,550 | $409,850 | $504,050 |
| Gilman | $125,780 | $138,050 | $158,500 | $178,800 | $190,980 |
| Oak Park | $56,620 | $150,700 | $282,900 | $413,700 | $545,140 |
| Princeton | $8,300 | $114,000 | $198,850 | $348,575 | $450,800 |
| Rice | $15,800 | $133,950 | $260,500 | $357,400 | $507,600 |
| Royalton | $79,800 | $214,550 | $371,100 | $507,250 | $654,800 |
| Saint Cloud | $8,000 | $122,000 | $171,200 | $242,800 | $331,960 |
| Sartell | $8,760 | $23,150 | $207,600 | $277,950 | $364,580 |
| Sauk Rapids | $123,700 | $198,100 | $263,500 | $343,400 | $455,600 |
Source: Ownwell
Property Tax Bills Across Benton County, Minnesota
In Benton County, MN, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Benton County is $250,700. Homeowners can expect their property tax bill to vary significantly, with the 25th percentile at $1,356 and the 75th percentile reaching $3,354. For those in the 90th percentile, the tax bill can go as high as $4,382. The property tax rate in Benton County is influenced by several factors, including local government budgets, school district funding, and public services. Compared to the national median property tax rate of 0.99%, Benton County's rates can be seen as moderate, though they can vary widely depending on the specific area within the county. For example, the highest median tax bill in the county is found in Clear Lake at $3,998, while the lowest is in Princeton at $1,138. These variations can significantly impact homeowners, influencing their overall cost of living and financial planning.
Average Benton County Tax Bill
$2,428
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Benton County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Clear Lake | $3,998 | $3,998 | $3,998 | $3,998 | $3,998 |
| Foley | $265 | $1,026 | $2,036 | $3,183 | $4,112 |
| Foreston | $381 | $780 | $1,598 | $2,524 | $3,692 |
| Gilman | $984 | $1,144 | $1,410 | $1,584 | $1,688 |
| Oak Park | $248 | $832 | $1,510 | $2,534 | $3,432 |
| Princeton | $73 | $417 | $1,138 | $2,010 | $3,227 |
| Rice | $156 | $919 | $2,396 | $3,244 | $4,312 |
| Royalton | $576 | $1,392 | $3,320 | $5,065 | $5,970 |
| Saint Cloud | $72 | $1,270 | $2,050 | $2,895 | $4,091 |
| Sartell | $112 | $252 | $2,458 | $3,301 | $4,298 |
| Sauk Rapids | $846 | $1,930 | $2,758 | $3,580 | $4,571 |
Source: Ownwell