Shafer, Chisago County, Minnesota Property Taxes

Name: Property Tax Bills Across Shafer, Chisago County, Minnesota
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Shafer, MN effective property tax rate: 1.08%, slightly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Shafer, MN home value: $266,300
Median annual Shafer, MN tax bill: $3,090, $690 higher than the national median property tax bill of $2,400.

How are property taxes in Chisago County calculated?

Property taxes in Shafer, 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 Shafer’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Shafer, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Shafer, Chisago County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.08%

Estimate Property Tax Bill

$2,876

$2,669

Ownwell’s Shafer Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Shafer with just two data points. By entering your property's estimated assessed value, our calculator applies Shafer’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value—determined by your county—reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Chisago County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Shafer, Chisago County, Minnesota

Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.

In Shafer, located in Chisago County, Minnesota, the effective property tax rate aligns with the county's median rate of 1.08%. This rate is slightly higher than the national median property tax rate of 1.02%. Homeowners in Shafer may find their property tax bills relatively comparable to the national median bill of $2400, but the slightly higher rate could lead to a modest increase.

Comparing Shafer’s property tax rate to other cities in Minnesota, it reflects a consistent approach to property taxation across the state. For residents, understanding these rates and how they are determined can provide valuable insights into their property tax obligations and potential savings opportunities.

Property Tax Rates Across Shafer, Chisago County, Minnesota

Source: Ownwell

0.95%

1.13%

1.32%

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 Shafer Tax Rate

1.08%

Median Effective Chisago County Tax Rate

1.18%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Shafer, Chisago County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55074	0.38%	0.90%	1.08%	1.27%	1.32%

Source: Ownwell

Property Tax Assessment Values Across Shafer, Chisago County, Minnesota

When examining property taxes in Shafer, Minnesota, 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 Chisago 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 Chisago County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Shafer.

For example, the median home price in Shafer is $266,300, with tax bills ranging significantly across the county. Zip code 55074 has the highest median home price at $266,300.

Property Tax Assessment Values Across Shafer, Chisago County, Minnesota

Source: Ownwell

$231,300

$344,450

$457,600

Median Shafer Market Value

$266,300

Median Chisago County Market Value

$305,800

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Shafer, Chisago County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55074	$26,100	$175,850	$266,300	$386,650	$523,760

Source: Ownwell

Property Tax Bills Across Shafer, Chisago County, Minnesota

In Shafer, located in Chisago County, MN, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is based on the market value of the property, taking into account factors such as location, size, and condition. For homeowners in Shafer, the median property tax bill is notably higher than the national median, reaching $3,090 compared to the national median of $2,400. This difference highlights the importance of understanding how property taxes are calculated and how they impact homeowners' finances. With tax bills ranging from $1,122 at the 25th percentile to $5,106 at the 90th percentile, the financial burden can vary significantly. Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By leveraging expertise in local tax regulations, Ownwell helps homeowners identify potential savings, ensuring they are not overpaying on their property taxes. This service can be crucial for reducing the financial strain associated with higher-than-average tax bills in Shafer.

Property Tax Bills Across Shafer, Chisago County, Minnesota

Source: Ownwell

$2,516

$3,806

$5,096

Median Shafer Tax Bill

$3,090

Median Chisago County Tax Bill

$3,492

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Shafer, Chisago County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55074	$201	$1,122	$3,090	$3,791	$5,106

Source: Ownwell