West Saint Paul, Minnesota Property Taxes
The median property tax rate in West Saint Paul, MN is 1.22%, considerably higher than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in West Saint Paul, the typical annual property tax bill reaches $200, which is significantly lower than the national median of $2,690. Property taxes in West 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 West 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 West 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
West Saint Paul, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$210
Ownwell’s WEST SAINT PAUL Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in WEST SAINT PAUL with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in WEST 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 West Saint Paul, Minnesota
Property taxes in West Saint Paul, Minnesota, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in West Saint Paul is 1.22%, higher than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within West Saint Paul set these rates annually, and they can vary significantly across different neighborhoods. Each year, West 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 West Saint Paul's effective property tax rate to other regions in Minnesota and the national median. For comparison, the zip code 55118 has the highest median property tax rate of 1.22%, while the same zip code also has the lowest median tax rate of 1.22%. Understanding how these areas compare with West 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 West Saint Paul Tax Rate
1.22%
Average Dakota County Tax Rate
1.06%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across West Saint Paul, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55118 | 1.16% | 1.19% | 1.22% | 1.48% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across West Saint Paul, Minnesota
In West 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 West 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 West Saint Paul helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area stands at $17,200, with the highest and lowest median tax bills both being $200 in the 55118 zip code.
Property Tax Assessment Values Across West Saint Paul, Minnesota
Source: Ownwell
$1,400
$680,200
$1,359,000
Average West Saint Paul Assessed Value
$17,200
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 West Saint Paul, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55118 | $1,710 | $4,350 | $17,200 | $35,000 | $61,680 |
Source: Ownwell
Property Tax Bills Across West Saint Paul, Minnesota
In West 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 is then multiplied by the local tax rate to determine the tax bill. For instance, the median home price in the area is $17,200. The tax rate in West Saint Paul is set by local taxing authorities and reflects the needs of the community for public services such as schools, roads, and emergency services. Homeowners in West Saint Paul can see a significant range in their property tax bills. The 25th percentile tax bill is around $52, while those in the 75th percentile pay approximately $396. At the higher end, the 90th percentile tax bill reaches $892. The median tax bill for the area, particularly in the 55118 zip code, is $200. This variance in tax bills underscores the importance of understanding how property assessments and tax rates impact individual homeowners, potentially affecting their financial planning and long-term investment in their property.
Average West Saint Paul Tax Bill
$200
Average Dakota County Tax Bill
$3,728
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across West Saint Paul, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55118 | $19 | $52 | $200 | $396 | $892 |
Source: Ownwell