Saint Charles, Olmsted County, Minnesota Property Taxes
Median SAINT CHARLES, MN effective property tax rate: 0.87%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median SAINT CHARLES, MN home value: $318,350
Median annual SAINT CHARLES, MN tax bill: $2,748, $348 higher than the national median property tax bill of $2,400.
How are property taxes in Olmsted calculated?
Property taxes in SAINT CHARLES, 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 SAINT CHARLES’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in SAINT CHARLES, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Saint Charles, Olmsted County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.87%
Estimate Property Tax Bill
$2,770
$2,570
Ownwell’s Saint Charles Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Saint Charles with just two data points.
By entering your property's estimated assessed value, our calculator applies Saint Charles’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 Olmsted.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Saint Charles, Olmsted County, Minnesota
Local government entities determine property tax rates, which can differ significantly within a state. Annually, each county calculates the necessary budget to fund services and divides it by the total value of all taxable property within its borders, resulting in the property tax rate. Although votes and legislation play a role in setting these rates and budgets, this is essentially the annual procedure.
In Saint Charles, located in Winona County, Minnesota, the effective property tax rate stands at 1.02%, which is slightly above the national median of 1.02%. When comparing to other cities in Minnesota, Saint Charles's rate aligns closely with the state's median. However, it is important to note that property tax rates can vary widely across Minnesota. For instance, Olmsted County has a median tax rate of 0.87%, which is lower than both Saint Charles and the national median. Understanding these variations can help property owners make informed decisions when considering property investments or appealing their property taxes.
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 Saint Charles Tax Rate
0.87%
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 Olmsted County Tax Rate
1.24%
Median Effective Minnesota Tax Rate
1.11%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Saint Charles, Olmsted County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55972 | 0.84% | 0.86% | 0.87% | 0.88% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Saint Charles, Olmsted County, Minnesota
When examining property taxes in Saint Charles, 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 Olmsted 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 Olmsted County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Saint Charles. For example, the median home price in Saint Charles is $318,350, with tax bills ranging significantly across the county. Zip code 55972 has the highest median home price at $318,350.
Property Tax Assessment Values Across Saint Charles, Olmsted County, Minnesota
Source: Ownwell
$207,000
$328,050
$449,100
Median Saint Charles Market Value
$318,350
Median Olmsted County Market Value
$264,500
Median Minnesota Market Value
$290,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Saint Charles, Olmsted County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55972 | $16,390 | $217,875 | $318,350 | $357,900 | $407,310 |
Source: Ownwell
Property Tax Bills Across Saint Charles, Olmsted County, Minnesota
In Saint Charles, located in Olmsted County, Minnesota, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $318,350. The local tax authorities apply a specific tax rate to the assessed value to determine the tax bill. Factors such as the local government budget, school funding, and public services impact the rate and, consequently, the final tax bill. Homeowners in Saint Charles typically face a median tax bill of around $2,748, which is above the national median of $2,400. This can be a significant expense for homeowners, affecting their overall financial planning.
Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By analyzing property assessments and comparing them with similar properties, Ownwell helps identify potential discrepancies that could lead to reduced tax bills. This service can be especially beneficial for those facing higher tax bills, such as the 75th percentile at $3,116 and the 90th percentile at $3,875, ensuring homeowners pay only their fair share.
Median Saint Charles Tax Bill
$2,748
Median Olmsted County Tax Bill
$3,296
Median Minnesota Tax Bill
$3,182
Median United States Tax Bill
$2,400
Property Tax Bills Across Saint Charles, Olmsted County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55972 | $165 | $1,781 | $2,748 | $3,116 | $3,875 |
Source: Ownwell