Cloquet, Carlton County, Minnesota Property Taxes
Median Cloquet, MN effective property tax rate: 1.47%, significantly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Cloquet, MN home value: $201,600
Median annual Cloquet, MN tax bill: $2,934, $534 higher than the national median property tax bill of $2,400.
How are property taxes in Carlton County calculated?
Property taxes in Cloquet, MN are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Cloquet’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cloquet, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Cloquet, Carlton County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.47%
Estimate Property Tax Bill
$2,964
$2,750
Property Tax Rates Across Cloquet, Carlton County, Minnesota
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Cloquet, located in Carlton County, MN, the effective property tax rate is a key factor for homeowners to consider. With a median tax rate of 1.47%, Cloquet aligns with the highest and lowest rates in the area, reflecting a uniformity across the region. This rate is notably higher than the national median property tax rate of 1.02%. Consequently, homeowners in Cloquet may find themselves paying more in property taxes compared to the national average, which could impact decisions on property investments and budgeting.
Comparing Cloquet’s rate with other cities in Minnesota and the national median provides valuable insights for property owners. Understanding these differences can aid in making informed decisions about property investments and financial planning.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Cloquet Tax Rate
1.47%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Carlton County Tax Rate
1.15%
Median Effective Minnesota Tax Rate
1.11%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cloquet, Carlton County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55720 | 1.12% | 1.36% | 1.47% | 1.56% | 1.65% |
Source: Ownwell
Property Tax Assessment Values Across Cloquet, Carlton County, Minnesota
When examining property taxes in Cloquet, MN, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Carlton County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Carlton County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Cloquet. For example, the median home price in Cloquet is $201,600, with tax bills ranging significantly across the county. The 55720 zip code has the highest median home price at $201,600.
Property Tax Assessment Values Across Cloquet, Carlton County, Minnesota
Source: Ownwell
$110,000
$229,550
$349,100
Median Cloquet Market Value
$201,600
Median Carlton County Market Value
$213,450
Median Minnesota Market Value
$290,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cloquet, Carlton County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55720 | $96,320 | $149,100 | $201,600 | $271,100 | $364,520 |
Source: Ownwell
Property Tax Bills Across Cloquet, Carlton County, Minnesota
Median Cloquet Tax Bill
$2,934
Median Carlton County Tax Bill
$2,610
Median Minnesota Tax Bill
$3,182
Median United States Tax Bill
$2,400
Property Tax Bills Across Cloquet, Carlton County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55720 | $1,322 | $2,086 | $2,934 | $3,986 | $5,364 |
Source: Ownwell