Isanti, Isanti County, Minnesota Property Taxes

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

Median Isanti, MN effective property tax rate: 1.02%, on par with the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Isanti, MN home value: $291,800
Median annual Isanti, MN tax bill: $3,172, $772 higher than the national median property tax bill of $2,400.

How are property taxes in Isanti calculated?

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

Last Updated March 1, 2025

Isanti, Isanti County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.02%

Estimate Property Tax Bill

$2,976

$2,762

Ownwell’s Isanti Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Isanti with just two data points. By entering your property's estimated assessed value, our calculator applies Isanti’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 Isanti County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Isanti, Isanti County, Minnesota

Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation is due to each county estimating its required budget to provide essential services annually and dividing that by the total value of all taxable property within its jurisdiction. This calculation is what determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the fundamental annual process. In Isanti, located in Minnesota, the property tax rates reflect this process. When comparing Isanti’s effective property tax rate to other cities in Minnesota, it aligns closely with the state median and the national median property tax rate of 1.02%. This comparison provides insight into how Isanti's property tax rates stack up against broader benchmarks. Understanding these rates can help property owners in Isanti make informed decisions about property investments and financial planning.

Property Tax Rates Across Isanti, Isanti County, Minnesota

Source: Ownwell

0.57%

1.11%

1.65%

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 Isanti Tax Rate

1.02%

Median Effective Isanti County Tax Rate

0.95%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Isanti, Isanti County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55040	0.52%	0.87%	1.02%	1.24%	1.31%

Source: Ownwell

Property Tax Assessment Values Across Isanti, Isanti County, Minnesota

When examining property taxes in Isanti, MN, 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 Isanti County Assessor's Office 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 Isanti County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Isanti. For example, the median home price in Isanti is $291,800, with tax bills ranging significantly across the county. Zip code 55040 has the highest median home price at $291,800.

Property Tax Assessment Values Across Isanti, Isanti County, Minnesota

Source: Ownwell

$210,600

$305,400

$400,200

Median Isanti Market Value

$291,800

Median Isanti County Market Value

$289,100

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Isanti, Isanti County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55040	$163,080	$239,375	$291,800	$356,925	$481,760

Source: Ownwell

Property Tax Bills Across Isanti, Isanti County, Minnesota

In Isanti, MN, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. This assessed value is typically a percentage of the home's market value. For homeowners in Isanti, the median home price is $291,800. Property tax bills can vary significantly, with the 25th percentile at $2,296 and the 75th percentile at $3,862. The 90th percentile reaches $4,518, indicating a wide range of property tax burdens. The median property tax bill in Isanti is $3,172, which exceeds the national median of $2,400. This higher tax burden can impact homeowners' budgets, making it crucial to ensure their property is assessed accurately. Ownwell offers a solution by providing property tax appeal and exemption services. By reviewing and potentially lowering the assessed value, Ownwell helps homeowners reduce their tax bills. This service can lead to significant savings, ensuring homeowners in Isanti aren't overpaying on their property taxes.

Property Tax Bills Across Isanti, Isanti County, Minnesota

Source: Ownwell

$1,867

$2,520

$3,172

Median Isanti Tax Bill

$3,172

Median Isanti County Tax Bill

$2,982

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Isanti, Isanti County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55040	$794	$2,296	$3,172	$3,862	$4,518

Source: Ownwell