Hugo, Ramsey County, Minnesota Property Taxes

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

Median Hugo, MN effective property tax rate: 1.20%, significantly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Hugo, MN home value: $388,650
Median annual Hugo, MN tax bill: $4,671, $2,271 higher than the national median property tax bill of $2,400.

How are property taxes in Ramsey calculated?

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

Last Updated March 1, 2025

Hugo, Ramsey County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.2%

Estimate Property Tax Bill

$4,664

$4,328

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

Property Tax Rates Across Hugo, Ramsey County, Minnesota

Local government entities are responsible for setting property tax rates, which can vary significantly within a state. This variation occurs because each county, such as 27123, annually estimates its budgetary needs to fund services and divides this by the total assessed value of all taxable property within its boundaries. This calculation determines the property tax rate for the area. Although the process of setting tax rates and budgets involves votes and legal frameworks, it essentially follows this annual procedure.

In Hugo, located in 27123, the effective property tax rate is an important figure to consider when comparing it to other cities in Minnesota and the broader U.S. context. Minnesota's median property tax rate stands at 1.20%, which is notably higher than the national median rate of 1.02%. This comparison highlights how property tax rates can differ significantly depending on local government decisions and the specific needs of each county. Understanding these differences is crucial for property owners looking to manage their tax liabilities effectively.

Property Tax Rates Across Hugo, Ramsey County, Minnesota

Source: Ownwell

0.98%

1.32%

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 Hugo Tax Rate

1.20%

Median Effective Ramsey County Tax Rate

1.37%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Hugo, Ramsey County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55038	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Hugo, Ramsey County, Minnesota

When examining property taxes in Hugo, 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. Ramsey County 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 Ramsey 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 Hugo.

For example, the median home price in Hugo is $388,650, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Hugo, Ramsey County, Minnesota

Source: Ownwell

$108,400

$511,050

$913,700

Median Hugo Market Value

$388,650

Median Ramsey County Market Value

$300,800

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Hugo, Ramsey County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55038	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Hugo, Ramsey County, Minnesota

In Hugo, located in Ramsey County, MN, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. With a median home price of $388,650, homeowners in Hugo experience property tax bills that can vary significantly. For instance, at the 25th percentile, the tax bill is around $4,298, while at the 90th percentile, it can reach up to $5,269. This variability highlights the importance of understanding the factors that influence property tax assessments, such as changes in market conditions and local government budgets. Homeowners in Hugo face property tax bills that are notably higher than the national median tax bill of $2,400. Ownwell can assist homeowners by providing expert property tax appeal and exemption services, potentially reducing their tax burden. By leveraging local expertise and a deep understanding of the property tax system, Ownwell helps ensure that homeowners pay only their fair share.

Property Tax Bills Across Hugo, Ramsey County, Minnesota

Source: Ownwell

$1,101

$6,808

$12,514

Median Hugo Tax Bill

$4,671

Median Ramsey County Tax Bill

$4,166

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Hugo, Ramsey County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55038	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Don't miss the deadline to appeal!

Dates

Links
Ramsey Tax Assessor
Website	beacon.schneidercorp.com