Melrose, Stearns County, Minnesota Property Taxes

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

Median Melrose, MN effective property tax rate: 0.84%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Melrose, MN home value: $255,050
Median annual Melrose, MN tax bill: $2,120, $280 lower than the national median property tax bill of $2,400.

How are property taxes in Stearns calculated?

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

Last Updated March 1, 2025

Melrose, Stearns County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.84%

Estimate Property Tax Bill

$2,142

$1,988

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

Local government entities in Minnesota set property tax rates, which can differ significantly across the state. This variation occurs because each county assesses its annual budget needs for services and then divides this by the total assessed value of all taxable properties within its area. This calculation determines the property tax rate. Although votes and legislation play a role in setting these rates and budgets, this is the basic process followed each year.

In Melrose, located in Stearns County, the effective property tax rate is 0.84%, which aligns with both the highest and lowest median tax rates in the state. This rate is notably lower than the national median property tax rate of 1.02%. For homeowners in Melrose, this translates to a more favorable property tax environment compared to many other parts of the country. By understanding these local tax dynamics, property owners can better navigate potential savings and make informed decisions about property tax appeals and exemptions.

Property Tax Rates Across Melrose, 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 Melrose Tax Rate

0.84%

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 Melrose, Stearns County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
56352	0.34%	0.71%	0.84%	0.99%	1.06%

Source: Ownwell

Property Tax Assessment Values Across Melrose, Stearns County, Minnesota

When examining property taxes in Melrose, 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 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.

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 Melrose. For example, the median home price in Melrose is $255,050, with tax bills ranging significantly across the county. The zip code 56352 has the highest median home price at $255,050.

Property Tax Assessment Values Across Melrose, Stearns County, Minnesota

Source: Ownwell

$142,600

$318,350

$494,100

Median Melrose Market Value

$255,050

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 Melrose, Stearns County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
56352	$121,100	$167,425	$255,050	$396,925	$669,650

Source: Ownwell

Property Tax Bills Across Melrose, Stearns County, Minnesota

In Melrose, Stearns County, MN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local property tax rate to calculate the tax bill. With a median home price of $255,050, homeowners in Melrose experience property tax bills that can vary significantly. For instance, the 25th percentile tax bill is $1,406, while the 75th percentile reaches $3,021, and the 90th percentile rises to $3,925. The median tax bill in the area is $2,120, which is below the national median of $2,400. Factors such as property size, location, and market conditions can influence the assessed value, impacting the overall tax bill. Homeowners in Melrose can benefit from Ownwell's expertise in property tax appeals and exemptions. By leveraging local knowledge and data-driven insights, Ownwell helps homeowners identify potential savings, ensuring they are not overpaying and keeping their property tax bills as low as possible.

Property Tax Bills Across Melrose, Stearns County, Minnesota

Source: Ownwell

$1,156

$2,450

$3,744

Median Melrose Tax Bill

$2,120

Median Stearns County Tax Bill

$2,818

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Melrose, Stearns County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
56352	$939	$1,406	$2,120	$3,021	$3,925

Source: Ownwell