Sandstone, Pine County, Minnesota Property Taxes
Median Sandstone, MN effective property tax rate: 0.86%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Sandstone, MN home value: $140,000
Median annual Sandstone, MN tax bill: $1,194, $1,206 lower than the national median property tax bill of $2,400.
How are property taxes in Pine County calculated?
Property taxes in Sandstone, 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 Sandstone’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Sandstone, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Sandstone, Pine County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.87%
Estimate Property Tax Bill
$1,313
$1,218
Property Tax Rates Across Sandstone, Pine County, Minnesota
Local government entities are responsible for setting tax rates, which can vary widely within a state. This occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While voting and legislative processes are involved in setting tax rates and budgets, this is essentially how it is done each year.
In Sandstone, located in Pine County, the effective property tax rate is 0.86%. This rate is consistent with other areas within the state of Minnesota, which has a median property tax rate of 0.86%. When compared to the national median property tax rate of 1.02%, Sandstone's rate is notably lower. This can result in a more affordable property tax bill for homeowners, especially when considering the national median property tax bill of $2,400.
Property tax rates are a crucial factor for homeowners, and understanding these rates helps in making informed decisions about property ownership and investments.
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 Sandstone Tax Rate
0.87%
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 Pine County Tax Rate
0.74%
Median Effective Minnesota Tax Rate
1.13%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Sandstone, Pine County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55072 | 0.63% | 0.74% | 0.87% | 1.09% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Sandstone, Pine County, Minnesota
When examining property taxes in Sandstone, 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 Pine County Assessor's Office 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 Pine 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 Sandstone.
For example, the median home price in Sandstone is $140,000, with tax bills ranging significantly across the county. Zip code 55072 has the highest median home price at $140,000.
Property Tax Assessment Values Across Sandstone, Pine County, Minnesota
Source: Ownwell
$30,000
$174,450
$318,900
Median Sandstone Market Value
$150,900
Median Pine County Market Value
$190,400
Median Minnesota Market Value
$304,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Sandstone, Pine County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55072 | $25,000 | $71,050 | $150,900 | $258,300 | $401,200 |
Source: Ownwell
Property Tax Bills Across Sandstone, Pine County, Minnesota
In Sandstone, located in Pine County, MN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in the area is $140,000, which influences the tax bill homeowners receive. Key factors considered in determining the tax bill include the assessed property value and the local tax rate. For instance, the median tax bill in Sandstone is $1,194, which is below the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $461 and the 90th percentile reaching $3,426, reflecting differences in property values and exemptions.
High property taxes can be a financial burden on homeowners, but Ownwell offers a solution by providing property tax appeal and exemption services. By analyzing individual assessments and identifying potential discrepancies, Ownwell helps homeowners lower their tax bills. This not only alleviates financial pressure but also ensures homeowners are not overpaying on their property taxes, ultimately leading to significant savings.
Median Sandstone Tax Bill
$1,460
Median Pine County Tax Bill
$1,484
Median Minnesota Tax Bill
$3,364
Median United States Tax Bill
$2,400
Property Tax Bills Across Sandstone, Pine County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55072 | $198 | $600 | $1,460 | $2,519 | $3,636 |
Source: Ownwell