Saint Cloud, Minnesota Property Taxes
The median property tax rate in Saint Cloud, MN is 1.14%, noticeably higher than both the national median of 0.99% and the Minnesota state median of 1.11%. With a median home value of $224,250 in Saint Cloud, the typical annual property tax bill reaches $2,528, slightly below the national median of $2,690. Property taxes in Saint Cloud are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Saint Cloud'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 Cloud or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Saint Cloud, Minnesota Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$2,220
Ownwell’s Saint Cloud Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Cloud with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Cloud 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 Cloud, Minnesota
Property taxes in Saint Cloud, 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 Cloud is 1.14%, higher than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Saint Cloud set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Cloud 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 Cloud's effective property tax rate to other counties in Minnesota and the national median. For comparison, the 56301 zip code has the highest median property tax rate of 1.14%, while the 56303 zip code has the lowest median tax rate of 1.14%. Understanding how these cities compare with Saint Cloud 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 Cloud Tax Rate
1.14%
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 Cloud, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56301 | 0.88% | 1.04% | 1.14% | 1.22% | 1.29% |
| 56303 | 1.00% | 1.08% | 1.14% | 1.22% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Saint Cloud, Minnesota
In Saint Cloud, 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 Cloud, 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. The median home price in Saint Cloud is $224,250. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. For instance, the highest median tax bill in the area is $2,868 in zip code 56301, while the lowest median tax bill is $2,346 in zip code 56303. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Saint Cloud, Minnesota
Source: Ownwell
$46,500
$587,250
$1,128,000
Average Saint Cloud Assessed Value
$224,250
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 Cloud, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56301 | $151,200 | $185,700 | $261,400 | $352,550 | $470,980 |
| 56303 | $139,200 | $164,500 | $205,400 | $263,800 | $328,700 |
Source: Ownwell
Property Tax Bills Across Saint Cloud, Minnesota
In Saint Cloud, Stearns County, MN, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in Saint Cloud is $224,250, and homeowners can expect their property tax bill to vary significantly based on their home's assessed value and location within the city. The tax bill for homes in the 25th percentile is around $1,888, while those in the 75th percentile can reach $3,486. For homes in the 90th percentile, the tax bill can climb to $4,727. The highest median tax bill in the city is $2,868 in the 56301 zip code, while the lowest is $2,346 in the 56303 zip code. These figures highlight the variability in property taxes within Saint Cloud, which can significantly impact homeowners' annual expenses. Compared to the national median property tax rate of 0.99%, Saint Cloud's property taxes reflect a range of values that could influence decisions on homeownership and financial planning.
Average Saint Cloud Tax Bill
$2,528
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 Cloud, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56301 | $1,534 | $2,002 | $2,868 | $3,992 | $5,622 |
| 56303 | $1,404 | $1,824 | $2,346 | $3,120 | $4,096 |
Source: Ownwell