Sauk Centre, Minnesota Property Taxes
The median property tax rate in Sauk Centre, MN is 0.31%, significantly lower than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Sauk Centre, the typical annual property tax bill reaches $1,838, which is well below the national median of $2,690. Property taxes in Sauk Centre 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 Sauk Centre'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 Sauk Centre 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
Sauk Centre, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.31%
Estimate Property Tax Bill
$1,838
Ownwell’s Sauk Centre Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Sauk Centre. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Sauk Centre to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of your potential tax liabilities, making financial planning easier. For those interested in more detailed trends at the neighborhood level, additional localized information is available. Your property’s assessed value, determined by the county, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Sauk Centre, Minnesota
Property taxes in Sauk Centre, Minnesota, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sauk Centre is 0.31%, which is significantly lower than both the Minnesota state median of 1.12% and the U.S. national median of 0.99%. Local government entities within Sauk Centre set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sauk Centre 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 Sauk Centre's effective property tax rate to other counties in Minnesota and the national median. For comparison, 55401 has the highest median property tax rate of 1.42%, while 56701 has the lowest median tax rate of 0.26%. Understanding how these cities compare with Sauk Centre provides valuable insights into the varying tax landscape across Douglas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sauk Centre Tax Rate
0.31%
Average Douglas County Tax Rate
0.86%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sauk Centre, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56378 | 0.31% | 0.31% | 0.31% | 0.31% | 0.31% |
Source: Ownwell
Property Tax Assessment Values Across Sauk Centre, Minnesota
In Sauk Centre, 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 Douglas 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. 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 Sauk Centre 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 $1,838, with the zip code 56378 reflecting these values.
Average Sauk Centre Assessed Value
$592,900
Average Douglas County Assessed Value
$264,900
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sauk Centre, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56378 | $592,900 | $592,900 | $592,900 | $592,900 | $592,900 |
Source: Ownwell
Property Tax Bills Across Sauk Centre, Minnesota
In Sauk Centre, located in Douglas County, MN, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by local assessors who evaluate the market value of the property. This figure is then multiplied by the local tax rate to determine the annual tax bill. For example, the median home price in Sauk Centre is $592,900, and homeowners typically see a tax bill around $1,838, which is consistent across various percentiles. Several factors influence the assessed value, including the property's location, size, and condition. Local government budgets and funding needs also play a crucial role in setting the tax rate. Compared to the national median property tax rate of 0.99%, Sauk Centre's tax rate results in a relatively moderate tax bill for homeowners. Understanding these elements helps homeowners anticipate their annual expenses and plan accordingly, ensuring they are well-prepared for their financial obligations.
Average Sauk Centre Tax Bill
$1,838
Average Douglas County Tax Bill
$2,330
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Sauk Centre, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56378 | $1,838 | $1,838 | $1,838 | $1,838 | $1,838 |
Source: Ownwell