South Saint Paul, Minnesota Property Taxes
The median property tax rate in South Saint Paul, MN is 1.40%, considerably higher than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in South Saint Paul at $264,900, the typical annual property tax bill reaches $3,772, exceeding the national median of $2,690. Property taxes in South 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 South 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 South 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
South Saint Paul, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.4%
Estimate Property Tax Bill
$3,709
Ownwell’s South Saint Paul Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Saint Paul with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South 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 Dakota County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across South Saint Paul, Minnesota
Property taxes in South Saint Paul, Minnesota, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Saint Paul is 1.40%, significantly higher than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within South Saint Paul set these rates annually, and they can vary significantly across different neighborhoods. Each year, South 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 South Saint Paul's effective property tax rate to other counties in Minnesota and the national median. For comparison, the 55075 zip code has the highest median property tax rate of 1.40%, while the same zip code also has the lowest median tax rate of 1.40%. Understanding how these cities compare with South 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 South Saint Paul Tax Rate
1.40%
Average Dakota County Tax Rate
1.06%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across South Saint Paul, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55075 | 1.36% | 1.38% | 1.40% | 1.44% | 1.64% |
Source: Ownwell
Property Tax Assessment Values Across South Saint Paul, Minnesota
In South Saint Paul, 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 Dakota County Appraisal District 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 South Saint Paul, 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 South Saint Paul helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $3,772 in the 55075 zip code.
Property Tax Assessment Values Across South Saint Paul, Minnesota
Source: Ownwell
$1,400
$680,200
$1,359,000
Average South Saint Paul Assessed Value
$264,900
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 South Saint Paul, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55075 | $191,730 | $232,300 | $264,900 | $306,100 | $356,200 |
Source: Ownwell
Property Tax Bills Across South Saint Paul, Minnesota
In South Saint Paul, located in Dakota County, MN, property tax bills are calculated based on the assessed value of a home. The local assessor determines this value, considering factors like the property's size, location, and condition. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For instance, the median home price in South Saint Paul is $264,900. The resulting tax bills can vary widely depending on the property's assessed value and the specific tax rate. Homeowners in South Saint Paul face tax bills ranging from $3,246 at the 25th percentile to $5,328 at the 90th percentile. The median tax bill in the area is $3,772, which is higher than the national median property tax rate of 0.99%. These property taxes fund essential community services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Therefore, understanding how property taxes are calculated can help homeowners better manage their financial planning and community involvement.
Average South Saint Paul Tax Bill
$3,772
Average Dakota County Tax Bill
$3,728
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across South Saint Paul, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55075 | $2,598 | $3,246 | $3,772 | $4,452 | $5,328 |
Source: Ownwell