St Charles, Minnesota Property Taxes
The median property tax rate in St. Charles, MN is 0.88%, which is lower than both the national median of 0.99% and the Minnesota state median of 1.11%. With a median home value of $121,500 in St. Charles, the typical annual property tax bill amounts to $1,154, falling below the national median of $2,690. Property taxes in St. Charles are calculated based on the tax assessed value, which is often less than the market value due to exemptions like primary residence and agricultural exemptions. Understanding the property tax system in St. Charles, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of St. Charles or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
St Charles, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,069
Ownwell’s ST CHARLES Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ST CHARLES with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ST CHARLES 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 St Charles, Minnesota
Property taxes in St. Charles, Minnesota, are essential in funding local services such as public schools, road maintenance, and emergency services. The median tax rate in St. Charles is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within St. Charles set these rates annually, and they can vary significantly across different neighborhoods. Each year, St. Charles 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 St. Charles's effective property tax rate to other counties in Minnesota and the national median. For comparison, the 55972 zip code has both the highest and lowest median property tax rate of 0.88%. Understanding how these cities compare with St. Charles provides valuable insights into the varying tax landscape across Winona County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average St Charles Tax Rate
0.88%
Average Winona County Tax Rate
0.91%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across St Charles, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55972 | 0.21% | 0.54% | 0.88% | 1.10% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across St Charles, Minnesota
In St. Charles, 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 local 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 St. Charles, 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 this area stands at $121,500. Homeowners in the 55972 zip code experience a median tax bill of $1,154, which is both the highest and lowest median tax bill in the region. 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 St. Charles helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average St Charles Assessed Value
$121,500
Average Winona County Assessed Value
$212,200
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across St Charles, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55972 | $57,650 | $67,475 | $121,500 | $311,750 | $649,400 |
Source: Ownwell
Property Tax Bills Across St Charles, Minnesota
In St. Charles, MN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This value is then multiplied by the local tax rate to determine the tax bill. For homeowners, several factors influence the final amount, including the home's assessed value, any applicable exemptions, and the specific tax rates set by the county and local government. The median home price in St. Charles is $121,500. The tax bill at the 25th percentile is $580, while at the 75th percentile, it rises to $2,070. For those in the 90th percentile, the tax bill can reach as high as $2,954. These figures indicate a significant range in property tax bills, which can impact homeowners differently depending on their property's assessed value and the specific tax rates applied. In comparison to the national median property tax rate of 0.99%, St. Charles' property tax rates reflect the local government's financial needs and priorities, ultimately affecting how much homeowners pay annually.
Average St Charles Tax Bill
$1,154
Average Winona County Tax Bill
$1,884
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across St Charles, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55972 | $344 | $580 | $1,154 | $2,070 | $2,954 |
Source: Ownwell