Cold Spring, Stearns County, Minnesota Property Taxes

Name: Property Tax Bills Across Cold Spring, Stearns County, Minnesota
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Cold Spring, MN effective property tax rate: 0.98%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Cold Spring, MN home value: $313,900
Median annual Cold Spring, MN tax bill: $3,059, $659 higher than the national median property tax bill of $2,400.

How are property taxes in Stearns calculated?

Property taxes in Cold Spring, 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 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 March 1, 2025

Cold Spring, Stearns County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.98%

Estimate Property Tax Bill

$3,076

$2,855

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

Property Tax Rates Across Cold Spring, Stearns County, Minnesota

Local government entities set tax rates, which can vary widely within a state. 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. Cold Spring in Stearns County, MN, has an effective property tax rate of 0.98%, which aligns with the highest and lowest median tax rates in the state, both at 0.98%. This rate is slightly below the national median property tax rate of 1.02%. The state's median property tax rate also stands at 0.98%, making it competitive when compared to the national landscape. Homeowners in Cold Spring benefit from a property tax rate that is lower than the national median, potentially resulting in lower annual tax bills compared to other regions. Understanding these rates can help property owners make informed decisions about their investments and financial planning.

Property Tax Rates Across Cold Spring, Stearns County, Minnesota

Source: Ownwell

0.57%

0.99%

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

0.98%

Median Effective Stearns County Tax Rate

1.08%

Median Effective Minnesota Tax Rate

1.11%

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	0.84%	0.91%	0.98%	1.08%	1.13%

Source: Ownwell

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

When examining property taxes in Cold Spring, 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 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.

In Stearns County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 $313,900, with tax bills ranging significantly across the county. Zip code 56320 has the highest median home price at $313,900.

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

Source: Ownwell

$142,600

$318,350

$494,100

Median Cold Spring Market Value

$313,900

Median Stearns County Market Value

$269,100

Median Minnesota Market Value

$290,400

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	$169,240	$225,350	$313,900	$436,700	$629,120

Source: Ownwell

Property Tax Bills Across Cold Spring, Stearns County, Minnesota

In Cold Spring, located in Stearns County, MN, property tax bills are determined by the assessed value of a home, which is then multiplied by the local tax rate. The median home price in Cold Spring is $313,900, influencing the calculation of property taxes. Homeowners in Cold Spring face a median property tax bill of $3,059, which is above the national median property tax bill of $2,400. The range of property tax bills varies, with the 25th percentile at $2,316, the 75th percentile at $4,218, and the 90th percentile reaching $5,772. These figures highlight the potential financial burden on homeowners, especially when compared to the national median property tax rate of 1.02%. Ownwell offers a solution for homeowners seeking to reduce their property tax bills. By leveraging expert knowledge and a thorough understanding of local tax regulations, Ownwell helps homeowners identify potential savings through appeals and exemptions, ensuring they pay only what is necessary and potentially lowering their financial burden.

Property Tax Bills Across Cold Spring, Stearns County, Minnesota

Source: Ownwell

$1,156

$2,450

$3,744

Median Cold Spring Tax Bill

$3,059

Median Stearns County Tax Bill

$2,818

Median Minnesota Tax Bill

$3,182

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	$1,670	$2,316	$3,059	$4,218	$5,772

Source: Ownwell