Hugo, Anoka County, Minnesota Property Taxes
Median Hugo, MN effective property tax rate: 1.12%, significantly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Hugo, MN home value: $452,400
Median annual Hugo, MN tax bill: $4,949, $2,549 higher than the national median property tax bill of $2,400.
How are property taxes in Anoka calculated?
Property taxes in Hugo, MN are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Hugo’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hugo, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hugo, Anoka County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.12%
Estimate Property Tax Bill
$5,067
$4,702
Property Tax Rates Across Hugo, Anoka County, Minnesota
Local government entities set property tax rates, which can vary significantly within a state. Each year, counties estimate their required budget to fund essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
In Hugo, located in Anoka County, Minnesota, property tax rates reflect this standard approach. Compared to other cities in Minnesota, Hugo's effective property tax rate is aligned with the state median. The median property tax rate in Minnesota is slightly above the national median, which means residents in Hugo may find themselves paying a bit more than the national average. However, this ensures that local services and infrastructure are well-maintained. By understanding how these rates are set and how they compare to state and national averages, property owners in Hugo can better anticipate their tax liabilities and plan accordingly.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Hugo Tax Rate
1.12%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Anoka County Tax Rate
0.96%
Median Effective Minnesota Tax Rate
1.11%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hugo, Anoka County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55038 | 0.95% | 1.08% | 1.12% | 1.17% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Hugo, Anoka County, Minnesota
When examining property taxes in Hugo, MN, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Anoka County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In Anoka County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Hugo.
For example, the median home price in Hugo is $452,400, with tax bills ranging significantly across the county. The 55038 zip code has the highest median home price at $452,400.
Property Tax Assessment Values Across Hugo, Anoka County, Minnesota
Source: Ownwell
$270,950
$412,600
$554,250
Median Hugo Market Value
$452,400
Median Anoka County Market Value
$327,000
Median Minnesota Market Value
$290,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hugo, Anoka County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55038 | $291,700 | $331,050 | $452,400 | $534,200 | $601,890 |
Source: Ownwell
Property Tax Bills Across Hugo, Anoka County, Minnesota
In Hugo, located in Anoka County, MN, property tax bills are calculated based on the assessed value of a home. The median home price in Hugo is $452,400, and homeowners face a median property tax bill of $4,949, significantly higher than the national median of $2,400. This discrepancy highlights the importance of understanding how property tax bills are determined and the factors that influence them. Local tax rates and the assessed value of the property are key determinants of the tax bill. Homeowners in Hugo may find themselves paying a tax bill that ranges from $3,784 at the 25th percentile to $6,815 at the 90th percentile, depending on their property's valuation and applicable exemptions.
Ownwell assists homeowners by offering property tax appeal and exemption services, potentially reducing tax burdens. By analyzing property assessments and identifying discrepancies, Ownwell can help homeowners secure significant savings on their property tax bills, ensuring they pay only their fair share.
Median Hugo Tax Bill
$4,949
Median Anoka County Tax Bill
$3,246
Median Minnesota Tax Bill
$3,182
Median United States Tax Bill
$2,400
Property Tax Bills Across Hugo, Anoka County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55038 | $2,732 | $3,784 | $4,949 | $5,918 | $6,815 |
Source: Ownwell