Eden Valley, Minnesota Property Taxes
The median property tax rate in Eden Valley, MN is 0.85%, which is lower than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Eden Valley at $290,400, the typical annual property tax bill amounts to $2,650, just below the national median of $2,690. Property taxes in Eden Valley are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Eden Valley's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Eden Valley or another part of Stearns County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Eden Valley, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$2,468
Ownwell’s Eden Valley Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Eden Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eden Valley to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in seeing trends on a neighborhood level, additional localized information is available below. Your property’s assessed value is the value assigned by Stearns County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Eden Valley, Minnesota
Property taxes in Eden Valley, Minnesota, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Eden Valley is 0.85%, which is lower than the U.S. national median of 0.99%. Local government entities within Eden Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eden Valley 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 Eden Valley's effective property tax rate to other areas in Minnesota and the national median. For comparison, the 55329 zip code has the highest median property tax rate of 0.85%, while the same zip code also has the lowest median tax rate of 0.85%. Understanding how these areas compare with Eden Valley provides valuable insights into the varying tax landscape across Stearns County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eden Valley Tax Rate
0.85%
Average Stearns County Tax Rate
1.08%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eden Valley, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55329 | 0.42% | 0.79% | 0.85% | 1.32% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Eden Valley, Minnesota
In Eden Valley, 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 Stearns 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 Eden Valley, 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. Being aware of these valuation processes in Eden Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Eden Valley is $290,400, with tax bills ranging from $1,819 at the 25th percentile to $4,516 at the 90th percentile. The highest and lowest median tax bills in the area are both $2,650 in the 55329 zip code.
Property Tax Assessment Values Across Eden Valley, Minnesota
Source: Ownwell
$46,500
$587,250
$1,128,000
Average Eden Valley Assessed Value
$290,400
Average Stearns County Assessed Value
$269,100
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eden Valley, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55329 | $115,320 | $185,400 | $290,400 | $435,500 | $593,180 |
Source: Ownwell
Property Tax Bills Across Eden Valley, Minnesota
In Eden Valley, Stearns County, MN, property tax bills are determined by assessing the market value of a home and applying the local tax rate to that assessed value. The median home price in this area is $290,400, and the property tax rate is applied to this value to calculate the annual tax bill. Factors influencing the tax bill include the home's assessed value, any applicable exemptions, and the specific tax rate set by local authorities. Homeowners in Eden Valley can expect their property tax bills to vary. For instance, the 25th percentile tax bill is around $1,819, while the 75th percentile reaches $3,582. The tax bill for the 90th percentile can go up to $4,516. These variations reflect differences in property values and any exemptions that may apply. Compared to the national median property tax rate of 0.99%, the property tax rates in Eden Valley can have a significant impact on homeowners, influencing their overall housing costs and financial planning.
Average Eden Valley Tax Bill
$2,650
Average Stearns County Tax Bill
$2,818
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Eden Valley, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55329 | $842 | $1,819 | $2,650 | $3,582 | $4,516 |
Source: Ownwell