Rush City, Minnesota Property Taxes
The median property tax rate in Rush City, MN is 1.13%, slightly higher than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Rush City at $231,300, the typical annual property tax bill reaches $2,516, just below the national median of $2,690. Property taxes in Rush City are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Rush City'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 Rush City or another part of Chisago County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rush City, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$2,614
Ownwell’s Rush City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rush City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rush City 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 Rush City, Minnesota
Property taxes in Rush City, Minnesota, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rush City is 1.13%, higher than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Rush City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rush City 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 Rush City's effective property tax rate to other counties in Minnesota and the national median. For comparison, the zip code 55069 has the highest median property tax rate of 1.13%, while the same zip code also has the lowest median tax rate of 1.13%. Understanding how these cities compare with Rush City provides valuable insights into the varying tax landscape across Chisago County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rush City Tax Rate
1.13%
Average Chisago County Tax Rate
1.18%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rush City, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55069 | 0.46% | 1.01% | 1.13% | 1.28% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Rush City, Minnesota
In Rush City, 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 Chisago County Assessor's Office 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 Rush City, 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 Rush City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Rush City is $231,300, with the highest and lowest median tax bills both recorded at $2,516 in zip code 55069.
Average Rush City Assessed Value
$231,300
Average Chisago County Assessed Value
$305,800
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rush City, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55069 | $15,800 | $90,000 | $231,300 | $349,200 | $481,600 |
Source: Ownwell
Property Tax Bills Across Rush City, Minnesota
In Rush City, located in Chisago County, MN, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is derived from the market value of the home, which in Rush City has a median home price of $231,300. This value is then adjusted based on various factors such as property improvements and market conditions. For homeowners in Rush City, property tax bills can vary significantly. The 25th percentile tax bill is around $572, while those in the 75th percentile pay approximately $3,788. At the higher end, the 90th percentile tax bill reaches $5,372. These figures reflect the broad spectrum of property values and tax obligations within the city. Compared to the national median property tax rate of 0.99%, the property tax rate in Rush City can be seen as relatively moderate. Understanding these factors helps homeowners anticipate their annual tax obligations and plan accordingly.
Average Rush City Tax Bill
$2,516
Average Chisago County Tax Bill
$3,492
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Rush City, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55069 | $230 | $572 | $2,516 | $3,788 | $5,372 |
Source: Ownwell