North Branch, Chisago County, Minnesota Property Taxes

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

Median North Branch, MN effective property tax rate: 1.23%, significantly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%. Median North Branch, MN home value: $288,600. Median annual North Branch, MN tax bill: $3,448, $1,048 higher than the national median property tax bill of $2,400.

How are property taxes in Chisago County calculated?

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

Last Updated March 1, 2025

North Branch, Chisago County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.23%

Estimate Property Tax Bill

$3,550

$3,294

Ownwell’s North Branch Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in North Branch with just two data points. By entering your property's estimated assessed value, our calculator applies North Branch’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 North Branch, Chisago County, Minnesota

Local government entities are responsible for setting property tax rates, which can vary significantly within a state. Each year, counties estimate the budget needed to provide essential services and divide this by the total value of all taxable properties within their jurisdiction. This calculation determines the property tax rate. Although the process involves votes and legislation, this is the fundamental approach used annually.

You can compare North Branch’s effective property tax rate to other cities in Minnesota and see how it stacks up against both the state and national medians. In Minnesota, the median property tax rate is 1.23%, slightly higher than the national median of 1.02%. Chisago County, where North Branch is located, also reflects this state median rate. Understanding these rates is crucial for property owners aiming to manage their expenses effectively and make informed financial decisions. By staying informed about local tax trends, property owners can better anticipate their tax obligations and explore potential avenues for tax appeals or exemptions.

Property Tax Rates Across North Branch, 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 North Branch Tax Rate

1.23%

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 North Branch, Chisago County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55056	0.91%	1.13%	1.23%	1.26%	1.29%

Source: Ownwell

Property Tax Assessment Values Across North Branch, Chisago County, Minnesota

When examining property taxes in North Branch, 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. 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 North Branch. For example, the median home price in North Branch is $288,600, with tax bills ranging significantly across the county. 55056 has the highest median home price at $288,600.

Property Tax Assessment Values Across North Branch, Chisago County, Minnesota

Source: Ownwell

$231,300

$344,450

$457,600

Median North Branch Market Value

$288,600

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 North Branch, Chisago County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55056	$52,200	$217,575	$288,600	$356,175	$447,130

Source: Ownwell

Property Tax Bills Across North Branch, Chisago County, Minnesota

In North Branch, MN, property tax bills are calculated based on the assessed value of a home, which is determined by the Chisago County Assessor's Office. The tax rate is applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include changes in property values, local government budgets, and voter-approved levies. Homeowners in North Branch face a median tax bill of $3,448, which is above the national median of $2,400. This can be a significant financial burden, especially when considering the 25th percentile tax bill is $2,442, while the 90th percentile reaches $5,233.

Ownwell offers a solution by providing property tax appeal and exemption services. By analyzing market conditions and comparable property assessments, Ownwell can identify opportunities for homeowners to reduce their tax burden. With expert guidance, homeowners can navigate the appeal process effectively, potentially saving hundreds or even thousands of dollars annually on their property tax bills.

Property Tax Bills Across North Branch, Chisago County, Minnesota

Source: Ownwell

$2,516

$3,806

$5,096

Median North Branch Tax Bill

$3,448

Median Chisago County Tax Bill

$3,492

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across North Branch, Chisago County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55056	$537	$2,442	$3,448	$4,238	$5,233

Source: Ownwell