Taylors Falls, Chisago County, Minnesota Property Taxes

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

Median Taylors Falls, MN effective property tax rate: 1.17%, significantly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Taylors Falls, MN home value: $253,600
Median annual Taylors Falls, MN tax bill: $2,740, $340 higher than the national median property tax bill of $2,400.

How are property taxes in Chisago calculated?

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

Last Updated March 1, 2025

Taylors Falls, Chisago County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.17%

Estimate Property Tax Bill

$2,967

$2,753

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

Local government entities set tax rates, which can differ significantly within a state. 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 Taylors Falls’ effective property tax rate to other cities in Minnesota and the median property tax rates in Minnesota and the U.S. Taylors Falls, located in Chisago County, has a median property tax rate of 1.17%, which aligns with the highest and lowest rates in the area, both recorded at the same value. When compared to the national median property tax rate of 1.02%, Taylors Falls' rate is slightly higher. This can result in higher property tax bills compared to the national median of $2400. Understanding these differences can help property owners make informed decisions about property tax appeals and exemptions.

Property Tax Rates Across Taylors Falls, 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 Taylors Falls Tax Rate

1.17%

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 Taylors Falls, Chisago County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55084	0.54%	0.95%	1.17%	1.26%	1.50%

Source: Ownwell

Property Tax Assessment Values Across Taylors Falls, Chisago County, Minnesota

When examining property taxes in Taylors Falls, 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 May. 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 Taylors Falls. For example, the median home price in Taylors Falls is $253,600, with tax bills ranging significantly across the county. Zip code 55084 has the highest median home price at $253,600.

Property Tax Assessment Values Across Taylors Falls, Chisago County, Minnesota

Source: Ownwell

$231,300

$344,450

$457,600

Median Taylors Falls Market Value

$253,600

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 Taylors Falls, Chisago County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55084	$10,900	$159,300	$253,600	$354,450	$479,970

Source: Ownwell

Property Tax Bills Across Taylors Falls, Chisago County, Minnesota

In Taylors Falls, located in Chisago County, MN, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in this area is $253,600. Homeowners here pay a median property tax bill of $2,740, which is slightly above the national median of $2,400. This indicates that Taylors Falls has a relatively higher property tax burden compared to many other regions. Factors influencing the tax bill include the assessed value of the property and the local tax rate set by the county.

Property taxes can significantly impact homeowners' financial planning, making it crucial to ensure accuracy in assessments. Ownwell offers valuable services to help homeowners potentially reduce their property tax bills. By providing expert guidance and representation in property tax appeals, Ownwell assists in ensuring that homeowners are not overpaying due to incorrect assessments. This service can lead to substantial savings, easing the financial burden on homeowners in Taylors Falls and beyond.

Property Tax Bills Across Taylors Falls, Chisago County, Minnesota

Source: Ownwell

$2,516

$3,806

$5,096

Median Taylors Falls Tax Bill

$2,740

Median Chisago County Tax Bill

$3,492

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Taylors Falls, Chisago County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55084	$122	$944	$2,740	$3,682	$4,660

Source: Ownwell