Chisholm, St. Louis County, Minnesota Property Taxes

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

Median Chisholm, MN effective property tax rate: 1.37%, significantly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Chisholm, MN home value: $72,900
Median annual Chisholm, MN tax bill: $914, $1,486 lower than the national median property tax bill of $2,400.

How are property taxes in St. Louis County calculated?

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

Last Updated March 1, 2025

Chisholm, St. Louis County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.37%

Estimate Property Tax Bill

$999

$927

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

Property Tax Rates Across Chisholm, St. Louis County, Minnesota

Local government entities set tax rates, and these can vary significantly within a state. Each year, counties estimate the budget required to provide services and divide this by the total value of all taxable property within their jurisdiction. This process determines the property tax rate. While the setting of tax rates and budgets involves votes and legislation, this is essentially the annual procedure.

Chisholm, located in St. Louis County, Minnesota, showcases an effective property tax rate that stands out when compared to other cities within the state. The median property tax rate in Minnesota is above the national median of 1.02%, reflecting a higher demand for public services or differing property values. Chisholm's rate aligns with the highest and lowest rates within its zip code, indicating a uniformity in property tax assessments in this area. This comparison highlights the variability of property tax rates not just across the state, but also within specific regions, emphasizing the importance of understanding local tax dynamics for property owners.

Property Tax Rates Across Chisholm, St. Louis County, Minnesota

Source: Ownwell

0.78%

1.44%

2.09%

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 Chisholm Tax Rate

1.37%

Median Effective St. Louis County Tax Rate

1.26%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Chisholm, St. Louis County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55719	0.72%	0.93%	1.37%	2.09%	2.13%

Source: Ownwell

Property Tax Assessment Values Across Chisholm, St. Louis County, Minnesota

When examining property taxes in Chisholm, 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 St. Louis 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: In St. Louis 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 Chisholm. For example, the median home price in Chisholm is $72,900, with tax bills ranging significantly across the county. 55719 has the highest median home price at $72,900.

Property Tax Assessment Values Across Chisholm, St. Louis County, Minnesota

Source: Ownwell

$17,750

$139,525

$261,300

Median Chisholm Market Value

$72,900

Median St. Louis County Market Value

$137,900

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Chisholm, St. Louis County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55719	$4,440	$43,700	$72,900	$123,900	$188,160

Source: Ownwell

Property Tax Bills Across Chisholm, St. Louis County, Minnesota

In Chisholm, located in St. Louis County, MN, property tax bills are primarily determined by the assessed value of a home and the local tax rate. With a median home price of $72,900, residents experience a range of tax bills, with the 25th percentile at $415 and the 75th percentile at $1,770. The 90th percentile reaches up to $2,779. Compared to the national median property tax bill of $2,400, Chisholm homeowners generally face lower tax burdens. However, the local tax rate can still significantly impact homeowners' finances. Factors influencing the tax bill include property size, location, and any applicable exemptions or appeals. Ownwell offers expertise in navigating these factors to help homeowners potentially reduce their property tax bills. By analyzing assessed values and ensuring accurate assessments, Ownwell can identify opportunities for appeals or exemptions, ultimately aiming to lower the financial burden on homeowners. This service can be especially beneficial in a market where even slight reductions can lead to considerable savings.

Property Tax Bills Across Chisholm, St. Louis County, Minnesota

Source: Ownwell

$299

$1,987

$3,674

Median Chisholm Tax Bill

$914

Median St. Louis County Tax Bill

$1,738

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Chisholm, St. Louis County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55719	$106	$415	$914	$1,770	$2,779

Source: Ownwell