Savage, Scott County, Minnesota Property Taxes

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

Median Savage, MN effective property tax rate: 1.10%, slightly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Savage, MN home value: $393,100
Median annual Savage, MN tax bill: $4,330, $1,930 higher than the national median property tax bill of $2,400.

How are property taxes in Scott County calculated?

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

Last Updated March 1, 2025

Savage, Scott County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.1%

Estimate Property Tax Bill

$4,324

$4,013

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

Property Tax Rates Across Savage, Scott County, Minnesota

Local government entities set property tax rates, which can vary widely within a state due to differing budgetary needs. Each county estimates its budget for essential services and divides it by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. This annual process involves votes and laws, ensuring that tax rates and budgets are set appropriately. Savage in Scott County, Minnesota, offers a unique perspective on property tax rates. The effective property tax rate here is a notable point of comparison with other cities within Minnesota, as well as against the national median. With the national median property tax rate at 1.02%, Savage's rate provides an interesting contrast. Understanding these differences can help property owners in Savage make informed decisions about property tax appeals and exemptions. By comparing Savage's rate with the state and national averages, property owners can better navigate the complexities of property taxation and potentially reduce their tax burden.

Property Tax Rates Across Savage, Scott County, Minnesota

Source: Ownwell

0.81%

1.11%

1.41%

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 Savage Tax Rate

1.10%

Median Effective Scott County Tax Rate

1.07%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Savage, Scott County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55378	1.03%	1.05%	1.10%	1.14%	1.18%

Source: Ownwell

Property Tax Assessment Values Across Savage, Scott County, Minnesota

When examining property taxes in Savage, 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 Scott 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 Scott County, assessment notices are sent in the spring each year. They 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 Savage.

For example, the median home price in Savage is $393,100, with tax bills ranging significantly across the county. Zip code 55378 has the highest median home price at $393,100.

Property Tax Assessment Values Across Savage, Scott County, Minnesota

Source: Ownwell

$302,200

$478,575

$654,950

Median Savage Market Value

$393,100

Median Scott County Market Value

$388,100

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Savage, Scott County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55378	$274,900	$326,100	$393,100	$484,400	$579,600

Source: Ownwell

Property Tax Bills Across Savage, Scott County, Minnesota

In Savage, located in Scott County, MN, property tax bills are calculated based on the assessed value of a home multiplied by the local tax rate. This process considers the median home price, which stands at $393,100. Homeowners in Savage face a median property tax bill of $4,330, which is notably higher than the national median of $2,400. The property tax rate in this region reflects the funding needs of local services such as schools, infrastructure, and emergency services.

For homeowners, this means that a significant portion of their annual budget goes toward property taxes, which can vary widely. For example, the 25th percentile tax bill is $3,586, while the 75th percentile reaches $5,284, and the 90th percentile climbs to $6,436. Ownwell offers a valuable service by helping homeowners navigate the complexities of property tax assessments and appeals. By leveraging expertise and local knowledge, Ownwell can potentially reduce property tax liabilities, ensuring homeowners pay only their fair share, thus providing financial relief and peace of mind.

Property Tax Bills Across Savage, Scott County, Minnesota

Source: Ownwell

$3,700

$4,925

$6,150

Median Savage Tax Bill

$4,330

Median Scott County Tax Bill

$4,100

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Savage, Scott County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55378	$2,810	$3,586	$4,330	$5,284	$6,436

Source: Ownwell