Cambridge, Chisago County, Minnesota Property Taxes

Name: Property Tax Bills Across Cambridge, Chisago County, Minnesota
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Cambridge, MN effective property tax rate: 1.19%, significantly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Cambridge, MN home value: $340,750
Median annual Cambridge, MN tax bill: $4,003, $1,603 higher than the national median property tax bill of $2,400.

How are property taxes in Chisago County calculated?

Property taxes in Cambridge, 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 Cambridge’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cambridge, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Cambridge, Chisago County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.19%

Estimate Property Tax Bill

$4,055

$3,763

Ownwell’s Cambridge Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cambridge with just two data points. By entering your property's estimated assessed value, our calculator applies Cambridge’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Chisago County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Cambridge, Chisago County, Minnesota

Local government entities set tax rates, which can vary widely within a state. This variation occurs because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Cambridge’s effective property tax rate to other cities in Minnesota and the median property tax rates in Minnesota and the U.S. Cambridge, located in Isanti County, has a median property tax rate that aligns with the highest in the state at 1.19%, which is above the national median of 1.02%. This means that residents in Cambridge may pay more in property taxes compared to the national average. Understanding these rates can help property owners make informed decisions and potentially explore property tax appeal and exemption services to ensure they are not overpaying.

Property Tax Rates Across Cambridge, Chisago County, Minnesota

Source: Ownwell

0.95%

1.13%

1.32%

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 Cambridge Tax Rate

1.19%

Median Effective Chisago County Tax Rate

1.18%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cambridge, Chisago County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55008	1.07%	1.14%	1.19%	1.21%	1.21%

Source: Ownwell

Property Tax Assessment Values Across Cambridge, Chisago County, Minnesota

When examining property taxes in Cambridge, 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 Chisago County appraisal district 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 Chisago 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 Cambridge. For example, the median home price in Cambridge is $340,750, with tax bills ranging significantly across the county. Zip code 55008 has the highest median home price at $340,750.

Property Tax Assessment Values Across Cambridge, Chisago County, Minnesota

Source: Ownwell

$231,300

$344,450

$457,600

Median Cambridge Market Value

$340,750

Median Chisago County Market Value

$305,800

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cambridge, Chisago County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55008	$52,870	$269,550	$340,750	$401,225	$488,550

Source: Ownwell

Property Tax Bills Across Cambridge, Chisago County, Minnesota

In Cambridge, located in Chisago County, Minnesota, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. With a median home price of $340,750, homeowners can expect to pay a property tax bill ranging from $2,846 at the 25th percentile to $5,512 at the 90th percentile. The median tax bill in this area is notably higher than the national median of $2,400, reflecting the local tax rate and property values. Factors such as property location, market conditions, and local government budgets influence the assessed value and consequently the tax bill. For homeowners, these taxes represent a significant financial obligation, impacting their annual budget. Ownwell offers a valuable service by helping homeowners navigate the complexities of property tax appeals and exemptions. By leveraging expertise in local tax regulations, Ownwell can identify potential savings and reduce the overall tax burden, ensuring homeowners pay only their fair share.

Property Tax Bills Across Cambridge, Chisago County, Minnesota

Source: Ownwell

$2,516

$3,806

$5,096

Median Cambridge Tax Bill

$4,003

Median Chisago County Tax Bill

$3,492

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Cambridge, Chisago County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55008	$640	$2,846	$4,003	$4,745	$5,512

Source: Ownwell