Clear Lake, Sherburne County, Minnesota Property Taxes

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

Median Clear Lake, MN effective property tax rate: 0.85%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Clear Lake, MN home value: $302,450
Median annual Clear Lake, MN tax bill: $2,986, $586 higher than the national median property tax bill of $2,400.

How are property taxes in Sherburne County calculated?

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

Last Updated March 1, 2025

Clear Lake, Sherburne County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.81%

Estimate Property Tax Bill

$2,500

$2,320

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

By entering your property's estimated assessed value, our calculator applies Clear 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 Clear Lake, Sherburne County, Minnesota

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Clear Lake’s effective property tax rate to other cities in Minnesota and the median property tax rates in Minnesota and the U.S.

In Clear Lake, located in Sherburne County, the property tax rate reflects the county's approach to balancing budgetary needs with property values. This rate is crucial for homeowners to consider, as it directly impacts their annual tax bill. Compared to the national median property tax rate of 1.02%, Clear Lake's rate offers a perspective on how local taxes align with broader trends. Understanding these rates can aid homeowners in making informed decisions about property investments and financial planning.

Property Tax Rates Across Clear Lake, Sherburne County, Minnesota

Source: Ownwell

0.81%

1.03%

1.26%

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 Clear Lake Tax Rate

0.81%

Median Effective Sherburne County Tax Rate

1.13%

Median Effective Minnesota Tax Rate

1.13%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Clear Lake, Sherburne County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55319	0.73%	0.75%	0.81%	0.92%	1.07%

Source: Ownwell

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

When examining property taxes in Clear 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 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: In Sherburne 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 Clear Lake. For example, the median home price in Clear Lake is $302,450, with tax bills ranging significantly across the county. 55319 has the highest median home price at $302,450.

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

Source: Ownwell

$249,600

$311,400

$373,200

Median Clear Lake Market Value

$308,700

Median Sherburne County Market Value

$345,600

Median Minnesota Market Value

$304,400

Median United States Market Value

$235,294

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

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55319	$16,240	$71,550	$308,700	$412,900	$515,860

Source: Ownwell

Property Tax Bills Across Clear Lake, Sherburne County, Minnesota

Property tax bills in Clear Lake, located in Sherburne County, Minnesota, are determined based on the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the property's market value. Various factors, such as property improvements and neighborhood changes, can influence this value. In Clear Lake, the median property tax bill is $2,986, compared to the national median of $2,400. This higher rate reflects the local government's funding requirements for services like schools, infrastructure, and emergency services. Homeowners often find these bills burdensome, especially when property values increase unexpectedly.

Ownwell offers a solution by providing property tax appeal and exemption services. By analyzing market trends and property assessments, Ownwell identifies opportunities to challenge over-assessments, potentially reducing tax bills. With expertise in local tax laws and regulations, Ownwell assists homeowners in navigating the appeal process, ensuring they pay only their fair share. This service can lead to significant savings, easing the financial burden on homeowners in Clear Lake.

Property Tax Bills Across Clear Lake, Sherburne County, Minnesota

Source: Ownwell

$2,612

$3,616

$4,620

Median Clear Lake Tax Bill

$2,712

Median Sherburne County Tax Bill

$3,760

Median Minnesota Tax Bill

$3,364

Median United States Tax Bill

$2,400

Property Tax Bills Across Clear Lake, Sherburne County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55319	$144	$894	$2,712	$3,760	$4,730

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	April 30

Links
Sherburne Tax Assessor
Website	beacon.schneidercorp.com