Saint Joseph, Minnesota Property Taxes
The median property tax rate in Saint Joseph, MN is 1.08%, slightly higher than the national median of 0.99% but lower than the Minnesota state median of 1.11%. With the median home value in Saint Joseph at $284,900, the typical annual property tax bill reaches $2,968, surpassing the national median of $2,690. Property taxes in Saint Joseph are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Saint Joseph'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 Joseph 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 Joseph, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$3,077
Ownwell’s Saint Joseph Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers an easy way to estimate their annual property taxes in Saint Joseph using just two data points. By entering your property's estimated assessed value, the calculator utilizes the median tax rate in Saint Joseph to project your property tax bill. This valuable tool aids in understanding potential tax liabilities. For those interested in trends at the neighborhood level, more localized information is available further down the page. Your property’s assessed value is determined by Stearns County for tax calculations and includes any applicable exemptions.
Property Tax Rates Across Saint Joseph, Minnesota
Property taxes in Saint Joseph, 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 Joseph is 1.08%, higher than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Saint Joseph set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Joseph 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 Joseph's effective property tax rate to other counties in Minnesota and the national median. For comparison, the 56374 zip code has the highest median property tax rate of 1.08%, while the same zip code also has the lowest median tax rate of 1.08%. Understanding how these cities compare with Saint Joseph 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 Joseph Tax Rate
1.08%
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 Joseph, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56374 | 0.69% | 0.84% | 1.08% | 1.22% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Saint Joseph, Minnesota
In Saint Joseph, 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 Joseph, 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 Saint Joseph helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,968 in zip code 56374, which also has the lowest median tax bill at $2,968.
Property Tax Assessment Values Across Saint Joseph, Minnesota
Source: Ownwell
$46,500
$587,250
$1,128,000
Average Saint Joseph Assessed Value
$284,900
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 Joseph, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56374 | $179,850 | $225,300 | $284,900 | $404,975 | $584,350 |
Source: Ownwell
Property Tax Bills Across Saint Joseph, Minnesota
In Saint Joseph, Stearns County, MN, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as the home's market value, any exemptions or deductions, and the specific tax rates set by local taxing authorities all play a role in the final amount. For instance, the median home price in Saint Joseph is $284,900. Homeowners can expect tax bills to vary significantly; the 25th percentile tax bill is around $2,280, while the 75th percentile tax bill reaches $3,894, and the 90th percentile tax bill can be as high as $5,038. These figures indicate that property taxes can have a substantial impact on household budgets. Comparing these to the national median property tax rate of 0.99%, homeowners in Saint Joseph may find their tax obligations to be relatively higher, reflecting the local economic and governmental factors influencing property taxation in the area.
Average Saint Joseph Tax Bill
$2,968
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 Joseph, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56374 | $1,680 | $2,280 | $2,968 | $3,894 | $5,038 |
Source: Ownwell