New Prague, Scott County, Minnesota Property Taxes

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

Median New Prague, MN effective property tax rate: 1.12%, slightly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median New Prague, MN home value: $369,800
Median annual New Prague, MN tax bill: $3,844, $1,444 higher than the national median property tax bill of $2,400.

How are property taxes in Scott County calculated?

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

Last Updated March 1, 2025

New Prague, Scott County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.12%

Estimate Property Tax Bill

$4,142

$3,843

Ownwell’s New Prague Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in New Prague with just two data points.

By entering your property's estimated assessed value, our calculator applies New Prague’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 Scott County.

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

Property Tax Rates Across New Prague, Scott County, Minnesota

Local government entities in Minnesota set property tax rates, which can vary significantly within the state. Each year, counties estimate their required budget to deliver essential services and divide that by the total value of all taxable property in their jurisdiction. This process ultimately determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this annual calculation is the core of the process.

In New Prague, located in Scott County, the effective property tax rate offers an interesting point of comparison. With a median property tax rate of 1.12%, New Prague aligns with some of the highest and lowest rates in the state, reflecting the unique balance of local governance and community needs. This rate stands slightly above the national median property tax rate of 1.02%, highlighting the variation in property tax rates across different regions. By comparing New Prague’s rate with other cities in Minnesota and the national average, property owners can better understand their tax obligations and explore potential savings through property tax appeals or exemptions.

Property Tax Rates Across New Prague, Scott County, Minnesota

Source: Ownwell

0.81%

1.11%

1.41%

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 New Prague Tax Rate

1.12%

Median Effective Scott County Tax Rate

1.07%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across New Prague, Scott County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
56071	0.77%	0.87%	1.12%	1.19%	1.28%

Source: Ownwell

Property Tax Assessment Values Across New Prague, Scott County, Minnesota

When examining property taxes in New Prague, 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 Scott County Assessor 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 Scott 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 New Prague.

For example, the median home price in New Prague is $369,800, with tax bills ranging significantly across the county. Zip code 56071 has the highest median home price at $369,800.

Property Tax Assessment Values Across New Prague, Scott County, Minnesota

Source: Ownwell

$302,200

$478,575

$654,950

Median New Prague Market Value

$369,800

Median Scott County Market Value

$388,100

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across New Prague, Scott County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
56071	$207,760	$275,525	$369,800	$528,675	$704,030

Source: Ownwell

Property Tax Bills Across New Prague, Scott County, Minnesota

In New Prague, Scott County, MN, property tax bills are calculated based on the assessed value of a home, which is influenced by its market value. The median home price in this area stands at $369,800. Property tax rates are applied to this assessed value to determine the annual tax bill. Homeowners in New Prague typically see a tax bill around $3,844, which is significantly higher than the national median of $2,400. Factors such as local government budgets, school funding, and infrastructure needs also play a role in determining the tax rate. This can result in a wide range of tax bills, from the 25th percentile at $2,982 to the 90th percentile at $6,113. For homeowners, this can mean a significant financial burden. However, Ownwell can assist by offering property tax appeal and exemption services, potentially lowering the assessed value or securing exemptions, thereby reducing the overall tax bill. This can result in substantial savings for homeowners, alleviating some of the financial pressure associated with property ownership.

Property Tax Bills Across New Prague, Scott County, Minnesota

Source: Ownwell

$3,700

$4,925

$6,150

Median New Prague Tax Bill

$3,844

Median Scott County Tax Bill

$4,100

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across New Prague, Scott County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
56071	$2,292	$2,982	$3,844	$4,969	$6,113

Source: Ownwell