Sherburne County, Minnesota Property Taxes

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

Median Sherburne County effective property tax rate: 1.08%, slightly higher than the national median of 1.02%.
Median Sherburne County home value: $345,300
Median annual Sherburne County tax bill: $3,686, $1,286 higher than the national median property tax bill of $2,400.

How are property taxes in Sherburne County calculated?

Property taxes in Sherburne County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Elk River or another part of Sherburne County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Sherburne County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.08%

Estimate Property Tax Bill

$3,729

$3,461

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

Property Tax Rates Across Sherburne County, Minnesota

Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget to provide services and dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Sherburne County's effective property tax rate stands at 1.08%, slightly above the national median of 1.02%. Within Minnesota, Sherburne County's rate is higher than Princeton's at 0.78%, yet lower than Elk River's at 1.20%. This comparison highlights the diversity in property tax rates even within the same state. Understanding these differences can help homeowners make informed decisions about property investments and potential tax liabilities. By staying informed about local tax rates, property owners can better manage their financial planning and ensure they are not overpaying on property taxes.

Property Tax Rates Across Sherburne County, Minnesota

Source: Ownwell

0.78%

0.99%

1.20%

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 Sherburne County Tax Rate

1.08%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Sherburne County, Minnesota

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Becker	0.86%	0.91%	1.09%	1.19%	1.23%
Big Lake	0.85%	0.99%	1.10%	1.18%	1.21%
Clear Lake	0.71%	0.77%	0.85%	0.91%	1.09%
Elk River	1.04%	1.12%	1.20%	1.28%	1.34%
Foley	N/A	N/A	N/A	N/A	N/A
Princeton	0.73%	0.76%	0.78%	0.80%	0.85%
Saint Cloud	0.74%	0.78%	1.02%	1.13%	1.22%
Santiago	N/A	N/A	N/A	N/A	N/A
Sauk Rapids	N/A	N/A	N/A	N/A	N/A
Zimmerman	0.75%	0.81%	1.01%	1.14%	1.20%

Source: Ownwell

Property Tax Assessment Values Across Sherburne County, Minnesota

When examining property taxes in Sherburne County, 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 Sherburne 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.

Assessment notices:

In Sherburne 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 Sherburne County.

For example, the median tax bill in Sherburne County is $3,774, with tax bills ranging significantly across the county. Elk River has the highest median home price at $373,300.

Property Tax Assessment Values Across Sherburne County, Minnesota

Source: Ownwell

$247,950

$310,625

$373,300

Median Sherburne County Market Value

$345,300

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Sherburne County, Minnesota

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Becker	$206,190	$289,525	$345,500	$427,275	$511,410
Big Lake	$43,320	$275,200	$328,100	$417,200	$516,180
Clear Lake	$16,200	$67,975	$302,450	$409,800	$513,280
Elk River	$235,260	$299,200	$373,300	$461,800	$535,500
Foley	N/A	N/A	N/A	N/A	N/A
Princeton	$157,080	$308,600	$365,750	$428,800	$498,500
Saint Cloud	$146,230	$187,800	$247,950	$366,825	$467,800
Santiago	N/A	N/A	N/A	N/A	N/A
Sauk Rapids	N/A	N/A	N/A	N/A	N/A
Zimmerman	$184,050	$270,700	$349,000	$432,950	$522,000

Source: Ownwell

Property Tax Bills Across Sherburne County, Minnesota

Property tax bills in Sherburne County, Minnesota, are determined by assessing the property's market value and applying the local tax rate. The county's median home price stands at $345,300, which influences the tax calculations significantly. Homeowners in Sherburne County face a median property tax bill that can vary widely based on their property's assessed value. For instance, those at the 25th percentile pay around $2,904, while those at the 75th percentile see bills as high as $4,644. At the 90th percentile, tax bills can reach up to $5,778. In comparison, the national median property tax bill is $2,400, making Sherburne County's rates notably higher. The city of Elk River has the highest median tax bill in the county at $4,458, whereas Saint Cloud records the lowest at $2,472. These variations significantly affect homeowners' financial planning, as higher property values and tax rates can lead to substantial annual expenses. Understanding these factors is crucial for homeowners to manage their budgets effectively.

Property Tax Bills Across Sherburne County, Minnesota

Source: Ownwell

$2,472

$3,465

$4,458

Median Sherburne County Tax Bill

$3,686

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Sherburne County, Minnesota

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Becker	$2,553	$3,220	$3,714	$4,422	$5,249
Big Lake	$2,285	$3,238	$3,716	$4,470	$5,386
Clear Lake	$856	$2,068	$2,986	$3,828	$4,728
Elk River	$2,842	$3,518	$4,458	$5,584	$6,510
Foley	N/A	N/A	N/A	N/A	N/A
Princeton	$1,973	$2,462	$2,909	$3,462	$4,068
Saint Cloud	$1,538	$1,990	$2,472	$3,224	$4,405
Santiago	N/A	N/A	N/A	N/A	N/A
Sauk Rapids	N/A	N/A	N/A	N/A	N/A
Zimmerman	$1,957	$2,718	$3,502	$4,348	$5,319

Source: Ownwell