Saint Augusta, Minnesota Property Taxes
The median property tax rate in Saint Augusta, MN is 0.86%, 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 Saint Augusta at $330,300, the typical annual property tax bill reaches $2,752, slightly below the national median of $2,690. Property taxes in Saint Augusta are calculated based on the assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Saint Augusta'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 Saint Augusta or another part of Stearns County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Saint Augusta, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$2,841
Ownwell’s Saint Augusta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Augusta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Augusta 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 the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Saint Augusta, Minnesota
Property taxes in Saint Augusta, Minnesota, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Augusta is 0.86%, which is lower than the Minnesota state median of 1.05% and the U.S. national median of 0.99%. Local government entities within Saint Augusta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Augusta 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 Saint Augusta's effective property tax rate to other areas in Stearns County and the national median. For comparison, 55320 has the highest median property tax rate of 0.88%, while 55382 has the lowest median tax rate of 0.79%. Understanding how these areas compare with Saint Augusta 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 Saint Augusta Tax Rate
0.86%
Average Stearns County Tax Rate
1.08%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Augusta, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55320 | 0.38% | 0.82% | 0.88% | 0.91% | 0.95% |
| 55353 | 0.41% | 0.82% | 0.86% | 0.88% | 0.91% |
| 55382 | 0.30% | 0.40% | 0.79% | 0.89% | 0.95% |
| 56301 | 0.74% | 0.82% | 0.86% | 0.89% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Saint Augusta, Minnesota
In Saint Augusta, 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 Saint Augusta, 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. The zip code with the highest median tax bill is 55320 at $3,570, while the lowest is 56301 at $2,696. Being aware of these valuation processes in Saint Augusta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Saint Augusta, Minnesota
Source: Ownwell
$46,500
$587,250
$1,128,000
Average Saint Augusta Assessed Value
$330,300
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 Saint Augusta, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55320 | $281,540 | $355,800 | $446,800 | $611,800 | $885,300 |
| 55353 | $193,160 | $291,050 | $338,300 | $418,050 | $547,060 |
| 55382 | $264,000 | $313,450 | $482,450 | $659,950 | $934,100 |
| 56301 | $220,720 | $255,500 | $318,100 | $401,800 | $545,080 |
Source: Ownwell
Property Tax Bills Across Saint Augusta, Minnesota
In Saint Augusta, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For homeowners in Stearns County, the median home price stands at $330,300. Property tax bills can vary significantly, with the 25th percentile at $2,132 and the 75th percentile reaching $3,632. For those in the 90th percentile, tax bills can be as high as $4,914. Several factors influence these tax bills, including property size, location, and any applicable exemptions. Homeowners in the zip code 55320 experience the highest median tax bill at $3,570, while those in the zip code 56301 see the lowest at $2,696. Compared to the national median property tax rate of 0.99%, Saint Augusta's rates reflect the local economic conditions and municipal budget requirements, impacting homeowners' financial planning and property affordability.
Average Saint Augusta Tax Bill
$2,752
Average Stearns County Tax Bill
$2,818
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Augusta, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55320 | $2,001 | $2,730 | $3,570 | $4,954 | $6,652 |
| 55353 | $913 | $2,226 | $2,828 | $3,658 | $4,236 |
| 55382 | $1,553 | $1,953 | $2,843 | $4,508 | $6,391 |
| 56301 | $1,720 | $2,062 | $2,696 | $3,454 | $4,637 |
Source: Ownwell