Cambridge, Isanti County, Minnesota Property Taxes

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

Median Cambridge, MN effective property tax rate: 1.03%, slightly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Cambridge, MN home value: $284,000
Median annual Cambridge, MN tax bill: $3,167, $767 higher than the national median property tax bill of $2,400.

How are property taxes in Isanti 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, Isanti County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.03%

Estimate Property Tax Bill

$2,925

$2,715

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 Isanti County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Cambridge, Isanti County, Minnesota

Local government entities determine tax rates, which can vary significantly across a state. This is because each county calculates its necessary budget for services annually and divides it by the total value of all taxable property within its area, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the yearly process. In Cambridge, located in Isanti County, Minnesota, the effective property tax rate stands at 1.03%. This rate is slightly above the national median of 1.02%. When comparing Cambridge to other cities in Minnesota, it’s interesting to note that the property tax rates can be quite similar across different regions. Understanding these rates is crucial for property owners, as they directly impact the annual property tax bill. With the national median property tax bill at $2,400, Cambridge residents can anticipate a comparable tax burden. Keeping abreast of these rates ensures property owners are well-informed and prepared for their financial obligations.

Property Tax Rates Across Cambridge, Isanti County, Minnesota

Source: Ownwell

0.57%

1.11%

1.65%

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

1.03%

Median Effective Isanti County Tax Rate

0.95%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cambridge, Isanti County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55008	0.60%	0.91%	1.03%	1.31%	1.38%
55040	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Cambridge, Isanti 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 Isanti 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 Isanti 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 $284,000, with tax bills ranging significantly across the county. Zip code 55008 has the highest median home price at $284,000.

Property Tax Assessment Values Across Cambridge, Isanti County, Minnesota

Source: Ownwell

$210,600

$305,400

$400,200

Median Cambridge Market Value

$284,000

Median Isanti County Market Value

$289,100

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cambridge, Isanti County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55008	$168,750	$222,800	$284,000	$360,500	$479,650
55040	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Cambridge, Isanti County, Minnesota

In Cambridge, located in Isanti County, MN, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value, determining the amount homeowners owe annually. Factors influencing this include the property's market value and any applicable exemptions or deductions. With the national median property tax bill at $2,400, Cambridge's median tax bill of $3,168 is notably higher, reflecting the region's specific valuation and tax rate. This can significantly impact homeowners, particularly those with homes at the 90th percentile, where tax bills can reach up to $4,826.

Ownwell offers a solution by assisting homeowners in appealing their property tax assessments and identifying eligible exemptions. By leveraging expert knowledge and data-driven insights, Ownwell helps ensure that homeowners in Cambridge aren't overpaying on their property taxes. This service can lead to substantial savings, easing the financial burden on homeowners and ensuring they pay only their fair share.

Property Tax Bills Across Cambridge, Isanti County, Minnesota

Source: Ownwell

$1,867

$2,520

$3,172

Median Cambridge Tax Bill

$3,167

Median Isanti County Tax Bill

$2,982

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Cambridge, Isanti County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55008	$1,064	$2,403	$3,168	$3,902	$4,826
55040	N/A	N/A	N/A	N/A	N/A

Source: Ownwell