Cold Spring, Stearns County, Minnesota Property Taxes

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Property Taxes in Cold Spring, Minnesota

Median Cold Spring, Minnesota effective property tax rate: 1.01%, significantly lower than the national median of 1.02%, and lower than the Minnesota state median of 1.13%.
Median Cold Spring, Minnesota home value: $340,300
Median annual Cold Spring, Minnesota tax bill: $3,318, $918 higher than the national median property tax bill of $2,400.

How are property taxes in Stearns County calculated?

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

Last Updated April 13, 2026

Cold Spring, Stearns County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.01%

Estimate Property Tax Bill

$3,437

$3,189

How Does the Cold Spring Property Tax Calculator Work?

Use this Cold Spring property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Cold Spring's median effective tax rate of 1.01% — based on actual property records in Stearns County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local assessment process uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Cold Spring's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.

Your bill may vary by ZIP code within Cold Spring: rates are 3318.00 in 56320, primarily due to differences in school district levies and local assessment districts.

For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Cold Spring.

About Cold Spring Property Taxes

About Property Taxes in Cold Spring, Stearns, Minnesota

Cold Spring’s median effective property tax rate of 1.01% is lower than the Stearns County median of 1.13% and higher than the national median of 1.02%. This rate reflects the Stearns County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.

Property tax rates are not uniform across Cold Spring. Homeowners in the 56320 ZIP code carry a median effective rate of 1.01%, while those in the same ZIP also pay 1.01%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Stearns County. Understanding which part of Cold Spring you live in can make a meaningful difference to your annual tax bill.

Cold Spring homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the April 30, 2026 deadline each year.

If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.

Property Tax Rates Across Cold Spring, Stearns County, Minnesota

As noted earlier, local government entities set tax rates, which can vary widely within a state.

Why? Because 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 Cold Spring's effective property tax rate to other cities in Minnesota and the median property tax rates in Minnesota and the U.S.

Property Tax Rates Across Cold Spring, Stearns County, Minnesota

Source: Ownwell

0.59%

1.00%

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 Cold Spring Tax Rate

1.01%

Median Effective Stearns County Tax Rate

1.07%

Median Effective Minnesota Tax Rate

1.13%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cold Spring, Stearns County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
56320	0.82%	0.90%	1.01%	1.11%	1.19%

Source: Ownwell

Property Tax Assessment Values Across Cold Spring, Stearns County, Minnesota

When examining property taxes in Cold Spring, Minnesota, 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 Stearns County appraisal district 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 Stearns County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of March.

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 Cold Spring.

For example, the median home price in Cold Spring is $340,300, with tax bills ranging significantly across the county. 56320 has the highest median home price at $340,300.

Property Tax Assessment Values Across Cold Spring, Stearns County, Minnesota

Source: Ownwell

$172,950

$343,950

$514,950

Median Cold Spring Market Value

$340,300

Median Stearns County Market Value

$287,600

Median Minnesota Market Value

$304,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cold Spring, Stearns County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
56320	$186,720	$249,350	$340,300	$474,050	$676,220

Source: Ownwell

Property Tax Bills Across Cold Spring, Stearns County, Minnesota

Property tax bills in Cold Spring are calculated by applying the local property tax rate to a home’s assessed market value, then factoring in local budgets, levies, and any exemptions or credits a homeowner may qualify for. The assessed value is based on the property’s market value, and that value is a major driver of the final bill.

For Cold Spring homeowners, the median home price is $340,300, and the median property tax bill is $3,318, which is above the national median property tax bill of $2,400. Bills can vary widely, with the 25th percentile at $2,498, the 75th percentile at $4,576, and the 90th percentile at $6,362. That means two homes with similar market values can still receive different tax bills depending on assessment details and local tax rates.

Property Tax Bills Across Cold Spring, Stearns County, Minnesota

Source: Ownwell

$1,228

$2,609

$3,990

Median Cold Spring Tax Bill

$3,318

Median Stearns County Tax Bill

$3,022

Median Minnesota Tax Bill

$3,364

Median United States Tax Bill

$2,400

Property Tax Bills Across Cold Spring, Stearns County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
56320	$1,732	$2,498	$3,318	$4,576	$6,362

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	April 30

Links
Stearns Tax Assessor
Website	beacon.schneidercorp.com

Frequently Asked Property Tax Questions in Cold Spring, Minnesota

How are property taxes calculated in Cold Spring, Minnesota?

Property taxes in Cold Spring, Minnesota are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.

How do I appeal my property taxes in Cold Spring, Minnesota?

To appeal your property taxes in Cold Spring, Minnesota, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.

What property tax exemptions are available in Cold Spring, Minnesota?

Common property tax exemptions in Cold Spring, Minnesota include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.

When are property taxes due in Cold Spring, Minnesota?

Property tax deadlines in Cold Spring, Minnesota vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.

How can Ownwell help reduce my property taxes in Cold Spring, Minnesota?

Ownwell provides professional property tax appeal services in Cold Spring, Minnesota. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.