Sauk Centre, Minnesota Property Taxes
The median property tax rate in Sauk Centre, MN is 1.22%, considerably higher than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Sauk Centre at $251,100, the typical annual property tax bill reaches $2,896, exceeding the national median of $2,690. Property taxes in Sauk Centre 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 Sauk Centre'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 Sauk Centre 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
Sauk Centre, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$3,063
Ownwell’s Sauk Centre Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sauk Centre with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sauk Centre 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 Stearns County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Sauk Centre, Minnesota
Property taxes in Sauk Centre, Minnesota, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sauk Centre is 1.22%, significantly higher than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Sauk Centre set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sauk Centre 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 Sauk Centre's effective property tax rate to other counties in Minnesota and the national median. For comparison, the 56378 zip code has the highest median property tax rate of 1.22%, while the same zip code also has the lowest median tax rate of 1.22%. Understanding how these cities compare with Sauk Centre 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 Sauk Centre Tax Rate
1.22%
Average Stearns County Tax Rate
1.08%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sauk Centre, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56378 | 0.48% | 1.00% | 1.22% | 1.35% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Sauk Centre, Minnesota
In Sauk Centre, 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 Assessor 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 Sauk Centre, 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 Sauk Centre helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Sauk Centre, the median home price stands at $251,100. The zip code with the highest median tax bill is 56378, where the median tax bill is $2,896. Similarly, the zip code with the lowest median tax bill is also 56378, with a median tax bill of $2,896.
Property Tax Assessment Values Across Sauk Centre, Minnesota
Source: Ownwell
$46,500
$587,250
$1,128,000
Average Sauk Centre Assessed Value
$251,100
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 Sauk Centre, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56378 | $118,220 | $174,250 | $251,100 | $369,900 | $573,940 |
Source: Ownwell
Property Tax Bills Across Sauk Centre, Minnesota
In Sauk Centre, located in Stearns County, MN, property tax bills are determined based on the assessed value of a home, which is influenced by its market value. The median home price in Sauk Centre is $251,100, and the property tax rate is calculated accordingly. Factors such as property type, location, and any applicable exemptions are considered in the assessment process. Homeowners in this area can expect their tax bills to vary significantly, ranging from around $1,980 at the 25th percentile to $5,401 at the 90th percentile. The median tax bill in the city stands at $2,896, which is comparatively lower than the national median property tax rate of 0.99%. This means that while some homeowners may pay more, many benefit from relatively lower property taxes, making it an attractive location for those looking to manage their tax expenses effectively.
Average Sauk Centre Tax Bill
$2,896
Average Stearns County Tax Bill
$2,818
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Sauk Centre, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56378 | $1,280 | $1,980 | $2,896 | $4,056 | $5,401 |
Source: Ownwell