Big Lake, Sherburne County, Minnesota Property Taxes

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

Median Big Lake, MN effective property tax rate: 1.10%, slightly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Big Lake, MN home value: $328,100
Median annual Big Lake, MN tax bill: $3,716, $1,316 higher than the national median property tax bill of $2,400.

How are property taxes in Sherburne calculated?

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

Last Updated March 1, 2025

Big Lake, Sherburne County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.1%

Estimate Property Tax Bill

$3,609

$3,349

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

Property Tax Rates Across Big Lake, Sherburne County, Minnesota

Local government entities in Minnesota set tax rates, which can vary widely within the state. Each year, counties estimate their required budgets to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.

In Big Lake, located in Sherburne County, the effective property tax rate stands at 1.10%, which is notably above the national median of 1.02%. This rate places Big Lake among the higher property tax rates in Minnesota. Homeowners in this region may face higher tax bills compared to those in other parts of the state. The median property tax rate in Minnesota aligns with Big Lake's rate, highlighting a consistent tax landscape within the state. However, when compared to the national median property tax bill of $2400, residents in Big Lake might find themselves paying more. Understanding these rates can help property owners make informed decisions about appealing their property taxes or seeking exemptions.

Property Tax Rates Across Big Lake, Sherburne County, Minnesota

Source: Ownwell

0.78%

0.99%

1.20%

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 Big Lake Tax Rate

1.10%

Median Effective Sherburne County Tax Rate

1.08%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Big Lake, Sherburne County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55309	0.85%	0.99%	1.10%	1.18%	1.21%

Source: Ownwell

Property Tax Assessment Values Across Big Lake, Sherburne County, Minnesota

When examining property taxes in Big Lake, 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 Sherburne 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.

Assessment notices are sent in the spring each year in Sherburne County. 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 Big Lake. For example, the median home price in Big Lake is $328,100, with tax bills ranging significantly across the county. Zip code 55309 has the highest median home price at $328,100.

Property Tax Assessment Values Across Big Lake, Sherburne County, Minnesota

Source: Ownwell

$247,950

$310,625

$373,300

Median Big Lake Market Value

$328,100

Median Sherburne County Market Value

$345,300

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Big Lake, Sherburne County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55309	$43,320	$275,200	$328,100	$417,200	$516,180

Source: Ownwell

Property Tax Bills Across Big Lake, Sherburne County, Minnesota

In Big Lake, MN, property tax bills are derived from the assessed value of a home, which is determined by the Sherburne County assessor's office. This value is then multiplied by the local tax rate to calculate the annual tax bill. With a median home price of $328,100, homeowners in Big Lake experience tax bills that vary significantly. The 25th percentile tax bill is $3,238, while the 75th percentile can reach up to $4,470, and the 90th percentile peaks at $5,386. Comparatively, the national median property tax bill is $2,400, indicating that Big Lake's rates can be considerably higher. This can place a substantial financial burden on homeowners, especially those living in areas with the highest median tax bill of $3,716. Ownwell offers a solution by assisting homeowners in appealing their property tax assessments, ensuring they are not overpaying. By leveraging expertise and local knowledge, Ownwell can help reduce tax liabilities, providing significant savings and peace of mind to Big Lake homeowners.

Property Tax Bills Across Big Lake, Sherburne County, Minnesota

Source: Ownwell

$2,472

$3,465

$4,458

Median Big Lake Tax Bill

$3,716

Median Sherburne County Tax Bill

$3,686

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Big Lake, Sherburne County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55309	$2,285	$3,238	$3,716	$4,470	$5,386

Source: Ownwell