Wyoming, Chisago County, Minnesota Property Taxes

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

Median WYOMING, MN effective property tax rate: 1.27%, significantly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median WYOMING, MN home value: $324,400
Median annual WYOMING, MN tax bill: $4,157, $1,757 higher than the national median property tax bill of $2,400.

How are property taxes in Chisago calculated?

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

Last Updated March 1, 2025

Wyoming, Chisago County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.27%

Estimate Property Tax Bill

$4,120

$3,823

Ownwell’s Wyoming Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Wyoming with just two data points. By entering your property's estimated assessed value, our calculator applies Wyoming’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. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Wyoming, Chisago County, Minnesota

Local government entities set tax rates, which can vary widely within a state. This is because each county estimates its required budget annually 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 Wyoming’s effective property tax rate to other cities in Minnesota and the median property tax rates in Minnesota and the U.S. Wyoming, located in Chisago County, has a median property tax rate of 1.27%, which is higher than the national median property tax rate of 1.02%. This rate is consistent across the area, with zip code 55092 also reflecting the same rate. When compared to the national median property tax bill of $2400, Wyoming's rate suggests a higher property tax burden. Understanding these differences can help property owners make informed decisions about property tax appeals and exemptions.

Property Tax Rates Across Wyoming, 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 Wyoming Tax Rate

1.27%

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 Wyoming, Chisago County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55092	1.18%	1.24%	1.27%	1.33%	1.42%

Source: Ownwell

Property Tax Assessment Values Across Wyoming, Chisago County, Minnesota

When examining property taxes in Wyoming, 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 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 Wyoming. For example, the median home price in Wyoming is $324,400, with tax bills ranging significantly across the county. 55092 has the highest median home price at $324,400.

Property Tax Assessment Values Across Wyoming, Chisago County, Minnesota

Source: Ownwell

$231,300

$344,450

$457,600

Median Wyoming Market Value

$324,400

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 Wyoming, Chisago County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55092	$106,500	$260,500	$324,400	$385,700	$459,800

Source: Ownwell

Property Tax Bills Across Wyoming, Chisago County, Minnesota

In Wyoming, located in Chisago County, MN, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. For homeowners, the property tax bill is influenced by the local tax rate and the assessed value of their property. The median home price in Wyoming is $324,400, which contributes to a tax bill that can range significantly. For instance, the 25th percentile tax bill is $3,262, while the 75th percentile reaches $5,018. Comparatively, the national median property tax bill is $2,400, indicating that Wyoming homeowners often face higher tax bills. This can be a substantial financial burden, particularly when the tax bill rises to the 90th percentile at $5,990. Ownwell offers a solution by providing property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell can help homeowners potentially reduce their tax bills, ensuring they are not overpaying and providing financial relief.

Property Tax Bills Across Wyoming, Chisago County, Minnesota

Source: Ownwell

$2,516

$3,806

$5,096

Median Wyoming Tax Bill

$4,157

Median Chisago County Tax Bill

$3,492

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Wyoming, Chisago County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55092	$1,011	$3,262	$4,157	$5,018	$5,990

Source: Ownwell