Arden Hills, Minnesota Property Taxes
The median property tax rate in Arden Hills, MN is 1.14%, considerably higher than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Arden Hills at $542,400, the typical annual property tax bill reaches $12,514, far exceeding the national median of $2,690. Property taxes in Arden Hills 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 Arden Hills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Arden Hills 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
Arden Hills, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$6,183
Ownwell’s Arden Hills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Arden Hills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arden Hills 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 Ramsey County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Arden Hills, Minnesota
Property taxes in Arden Hills, Minnesota, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arden Hills is 1.14%, higher than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Arden Hills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arden Hills 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 Arden Hills' effective property tax rate to other counties in Minnesota and the national median. For comparison, the zip code 55112 has both the highest and lowest median property tax rate of 1.14%. Understanding how these cities compare with Arden Hills provides valuable insights into the varying tax landscape across Ramsey County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arden Hills Tax Rate
1.14%
Average Ramsey County Tax Rate
1.37%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arden Hills, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55112 | 1.10% | 1.12% | 1.14% | 1.21% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Arden Hills, Minnesota
In Arden Hills, 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 Ramsey 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 Arden Hills, 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. In Arden Hills, the median home price is $542,400, with annual property tax bills ranging significantly. For instance, the 25th percentile tax bill is $5,381, while the 75th percentile tax bill is $12,764. The highest and lowest median tax bills in the area are both $12,514 in the 55112 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Arden Hills Assessed Value
$542,400
Average Ramsey County Assessed Value
$300,800
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arden Hills, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55112 | $6,070 | $297,300 | $542,400 | $1,076,825 | $1,102,520 |
Source: Ownwell
Property Tax Bills Across Arden Hills, Minnesota
In Arden Hills, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. Homeowners in Ramsey County can expect their tax bills to vary significantly depending on their property's assessed value and the specific tax rate applied. The median home price in Arden Hills is $542,400, and property tax bills can range widely. For instance, the tax bill at the 25th percentile is $5,381, while at the 75th percentile, it rises to $12,764. At the 90th percentile, homeowners may see a tax bill of $13,374. These tax bills are influenced by various factors, including local government budgets, school funding needs, and public services. The highest median tax bill recorded in the area is $12,514, found in the 55112 zip code. This variability in property tax bills means that homeowners must carefully consider their assessed property value and the local tax rate, which can significantly impact their annual financial obligations.
Average Arden Hills Tax Bill
$12,514
Average Ramsey County Tax Bill
$4,166
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Arden Hills, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55112 | $4,832 | $5,381 | $12,514 | $12,764 | $13,374 |
Source: Ownwell