Falcon Heights, Ramsey County, Minnesota Property Taxes

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

Median Falcon Heights, MN effective property tax rate: 1.29%, significantly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Falcon Heights, MN home value: $291,850
Median annual Falcon Heights, MN tax bill: $3,942, $1,542 higher than the national median property tax bill of $2,400.

How are property taxes in Ramsey calculated?

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

Last Updated March 1, 2025

Falcon Heights, Ramsey County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.29%

Estimate Property Tax Bill

$3,765

$3,494

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

Property Tax Rates Across Falcon Heights, Ramsey County, Minnesota

Local government entities set tax rates, which can vary widely within a state. This is because each year, counties estimate their required budget to provide services and divide that by the total value of all taxable property within their jurisdiction. This process determines the property tax rate. While votes and laws play roles in setting tax rates and budgets, this is essentially the annual process. Falcon Heights in Ramsey County, Minnesota, has an effective property tax rate that may be compared to other cities in Minnesota, as well as the median property tax rates in Minnesota and the U.S. The median property tax rate in Minnesota is 1.29%, which is higher than the national median of 1.02%. This comparison highlights the importance of understanding how local rates measure up against state and national averages. By being informed about these rates, property owners can make better decisions regarding their property taxes.

Property Tax Rates Across Falcon Heights, Ramsey County, Minnesota

Source: Ownwell

0.98%

1.32%

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 Falcon Heights Tax Rate

1.29%

Median Effective Ramsey County Tax Rate

1.37%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Falcon Heights, Ramsey County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55108	1.25%	1.27%	1.29%	1.35%	1.40%
55113	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Falcon Heights, Ramsey County, Minnesota

When examining property taxes in Falcon Heights, 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 Ramsey County appraisal district 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 Ramsey 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 Falcon Heights.

For example, the median home price in Falcon Heights is $291,850, with tax bills ranging significantly across the county. Zip code 55108 has the highest median home price at $298,750.

Property Tax Assessment Values Across Falcon Heights, Ramsey County, Minnesota

Source: Ownwell

$108,400

$511,050

$913,700

Median Falcon Heights Market Value

$291,850

Median Ramsey County Market Value

$300,800

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Falcon Heights, Ramsey County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55108	$261,600	$271,250	$298,750	$330,425	$347,980
55113	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Falcon Heights, Ramsey County, Minnesota

In Falcon Heights, located in Ramsey County, MN, the calculation of property tax bills is based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the tax bill. The median home price in Falcon Heights is $291,850, and homeowners often face property tax bills that are significantly higher than the national median of $2,400. For instance, the 25th percentile tax bill is $3,470, while the 75th percentile reaches $4,492, indicating a substantial financial burden on homeowners. The highest and lowest median tax bill in the area is $3,942, which is associated with the zip code 55108. This disparity highlights the importance of ensuring that your property is assessed fairly. Ownwell assists homeowners by providing expert property tax appeal services, potentially reducing tax bills by ensuring accurate assessments. By identifying discrepancies and advocating for fair valuations, Ownwell helps homeowners save significantly on their property tax expenses.

Property Tax Bills Across Falcon Heights, Ramsey County, Minnesota

Source: Ownwell

$1,101

$6,808

$12,514

Median Falcon Heights Tax Bill

$3,942

Median Ramsey County Tax Bill

$4,166

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Falcon Heights, Ramsey County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55108	$3,290	$3,470	$3,942	$4,492	$4,686
55113	N/A	N/A	N/A	N/A	N/A

Source: Ownwell