Eveleth, St. Louis County, Minnesota Property Taxes

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

Median Eveleth, MN effective property tax rate: 1.15%, slightly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Eveleth, MN home value: $86,950
Median annual Eveleth, MN tax bill: $1,107, $1,293 lower than the national median property tax bill of $2,400.

How are property taxes in St. Louis County calculated?

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

Last Updated March 1, 2025

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

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.15%

Estimate Property Tax Bill

$1,000

$928

Ownwell’s Eveleth Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Eveleth with just two data points. By entering your property's estimated assessed value, our calculator applies Eveleth’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 Eveleth, St. Louis County, Minnesota

Local government entities set tax rates, which can vary widely within a state. Why? Each county annually 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.

In Eveleth, located in St. Louis County, MN, the effective property tax rate is 1.15%. This rate is notably higher than the national median property tax rate of 1.02%. However, it aligns with the median property tax rate for Minnesota. The consistency of Eveleth's tax rate with the state's median suggests a balanced approach to funding local services while maintaining competitiveness with national figures.

Understanding how Eveleth's property tax rate compares to both state and national averages can provide valuable insights for homeowners and potential buyers. It highlights the importance of property tax considerations when evaluating the overall cost of homeownership in this region.

Property Tax Rates Across Eveleth, 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 Eveleth Tax Rate

1.15%

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 Eveleth, St. Louis County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55734	0.82%	0.99%	1.15%	1.45%	2.22%

Source: Ownwell

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

When examining property taxes in Eveleth, 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 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: St. Louis County sends assessment notices 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 Eveleth. For example, the median home price in Eveleth is $86,950, with tax bills ranging significantly across the county. Zip code 55734 has the highest median home price at $86,950.

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

Source: Ownwell

$17,750

$139,525

$261,300

Median Eveleth Market Value

$86,950

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 Eveleth, St. Louis County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55734	$10,600	$46,300	$86,950	$185,575	$294,310

Source: Ownwell

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

In Eveleth, located within St. Louis County, MN, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. With a median home price of $86,950, the tax bills can vary significantly. At the 25th percentile, homeowners might pay around $486 annually, while those at the 75th percentile could see bills of approximately $2,168. For homes at the 90th percentile, the tax bill could reach as high as $3,480. Despite these variations, Eveleth's property tax bills are generally lower than the national median property tax bill of $2,400.

The factors influencing these tax bills include the assessed value of the property and the specific tax rate applied by the local government. High property taxes can be a financial burden for homeowners, but Ownwell offers a solution. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax bills, ensuring they don't overpay and can allocate their resources more effectively.

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

Source: Ownwell

$299

$1,987

$3,674

Median Eveleth Tax Bill

$1,107

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 Eveleth, St. Louis County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55734	$144	$486	$1,107	$2,168	$3,480

Source: Ownwell