Saint Paul, Minnesota Property Taxes
The median property tax rate in Saint Paul, MN is 1.03%, slightly higher than the national median of 0.99% but lower than the Minnesota state median of 1.11%. With the median home value in Saint Paul at $352,200, the typical annual property tax bill reaches $3,646, exceeding the national median of $2,690. Property taxes in Saint Paul 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 Paul'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 Paul 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 Paul, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$3,628
Ownwell’s Saint Paul Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Paul with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Paul 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 Paul, Minnesota
Property taxes in Saint Paul, Minnesota, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Paul is 1.03%, slightly higher than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Saint Paul set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Paul 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 Paul's effective property tax rate to other areas in Dakota County and the national median. For comparison, the 55118 zip code has the highest median property tax rate of 1.14%, while the 55121 zip code has the lowest median tax rate of 0.84%. Understanding how these cities compare with Saint Paul provides valuable insights into the varying tax landscape across Dakota County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Paul Tax Rate
1.03%
Average Dakota County Tax Rate
1.06%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Paul, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55106 | 0.92% | 0.92% | 0.92% | 0.92% | 0.92% |
| 55118 | 0.87% | 0.93% | 1.14% | 1.19% | 1.23% |
| 55120 | 0.84% | 0.87% | 0.89% | 0.93% | 0.95% |
| 55121 | 0.78% | 0.81% | 0.84% | 0.89% | 1.04% |
| 55122 | 0.89% | 0.96% | 1.00% | 1.03% | 1.06% |
| 55123 | 0.99% | 1.02% | 1.03% | 1.05% | 1.08% |
| 55124 | 1.01% | 1.03% | 1.06% | 1.06% | 1.08% |
| 55125 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Saint Paul, Minnesota
In Saint Paul, Minnesota, grasping the difference between "market value" and "assessed value" is essential for understanding property taxes. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated by the Dakota County Appraisal District for tax purposes. On the other hand, 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 Paul, assessment notices are generally mailed out in the spring, typically by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For instance, the highest median tax bill in the area is $4,420 in zip code 55120, while the lowest is $2,580 in zip code 55121. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Awareness of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Saint Paul Assessed Value
$352,200
Average Dakota County Assessed Value
$344,300
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint Paul, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55106 | $9,600 | $9,600 | $9,600 | $9,600 | $9,600 |
| 55118 | $179,200 | $252,900 | $321,400 | $468,475 | $685,090 |
| 55120 | $228,400 | $335,000 | $500,300 | $645,100 | $724,340 |
| 55121 | $154,300 | $212,950 | $303,400 | $421,250 | $505,050 |
| 55122 | $204,200 | $243,625 | $330,000 | $427,700 | $542,800 |
| 55123 | $215,200 | $350,950 | $427,100 | $522,500 | $635,000 |
| 55124 | $191,400 | $256,300 | $341,800 | $429,900 | $530,960 |
| 55125 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Saint Paul, Minnesota
In Saint Paul, Dakota County, MN, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value reflects the market value of the property and is used to calculate the tax bill. Various factors influence the tax bill, including the property's location, size, and any improvements made. The median home price in Saint Paul is $352,200, with property tax bills varying widely across different percentiles. For instance, the tax bill at the 25th percentile is $2,672, while at the 75th percentile, it rises to $4,770. At the 90th percentile, homeowners can expect to pay around $6,124. Compared to the national median property tax rate of 0.99%, the rates in Saint Paul can significantly impact homeowners. The highest median tax bill in the area is $4,420 in the 55120 zip code, while the lowest is $2,580 in the 55121 zip code. These variations underscore the importance of understanding how local assessments and tax rates affect overall property tax obligations.
Average Saint Paul Tax Bill
$3,646
Average Dakota County Tax Bill
$3,728
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Paul, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55106 | $88 | $88 | $88 | $88 | $88 |
| 55118 | $1,810 | $2,816 | $3,592 | $4,832 | $6,831 |
| 55120 | $1,963 | $2,892 | $4,420 | $5,952 | $6,802 |
| 55121 | $1,510 | $1,758 | $2,580 | $3,708 | $4,732 |
| 55122 | $1,890 | $2,406 | $3,220 | $4,264 | $5,518 |
| 55123 | $2,024 | $3,568 | $4,410 | $5,426 | $6,798 |
| 55124 | $2,073 | $2,724 | $3,630 | $4,608 | $5,748 |
| 55125 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell