Hastings, Washington County, Minnesota Property Taxes

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

Median Hastings, MN effective property tax rate: 0.79%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Hastings, MN home value: $581,000
Median annual Hastings, MN tax bill: $4,641, $2,241 higher than the national median property tax bill of $2,400.

How are property taxes in Washington calculated?

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

Last Updated March 1, 2025

Hastings, Washington County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.79%

Estimate Property Tax Bill

$4,590

$4,259

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

Property Tax Rates Across Hastings, Washington County, Minnesota

Local government entities set tax rates, which can vary widely within a state. This is because 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. Although votes and laws play a role in setting these rates and budgets, this is essentially how the annual process works. In Hastings, located in Washington County, the effective property tax rate stands at 0.79%. This is notably lower than the national median property tax rate of 1.02%. As a result, homeowners in Hastings benefit from a more favorable tax environment compared to many other regions across the country. By understanding these local variations, property owners can make informed decisions and potentially save on their property tax bills.

Property Tax Rates Across Hastings, Washington County, Minnesota

Source: Ownwell

0.79%

1.09%

1.38%

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 Hastings Tax Rate

0.79%

Median Effective Washington County Tax Rate

1.12%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Hastings, Washington County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55033	0.76%	0.76%	0.79%	0.82%	0.99%

Source: Ownwell

Property Tax Assessment Values Across Hastings, Washington County, Minnesota

When examining property taxes in Hastings, 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 Washington 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 Washington 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 Hastings. For example, the median home price in Hastings is $581,000, with tax bills ranging significantly across the county. Zip code 55033 has the highest median home price at $581,000.

Property Tax Assessment Values Across Hastings, Washington County, Minnesota

Source: Ownwell

$12,550

$304,075

$595,600

Median Hastings Market Value

$581,000

Median Washington County Market Value

$376,100

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Hastings, Washington County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55033	$377,730	$453,550	$581,000	$695,950	$874,250

Source: Ownwell

Property Tax Bills Across Hastings, Washington County, Minnesota

In Hastings, Washington County, MN, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the tax bill. The median home price in Hastings is $581,000, and property tax bills vary significantly. For instance, homeowners in the 25th percentile pay around $3,855, while those in the 90th percentile see bills as high as $7,335. The highest and lowest median tax bills in the area are both $4,641, indicating a consistent tax rate across different properties. Compared to the national median property tax rate of 1.02% and a median tax bill of $2,400, Hastings residents generally face higher tax obligations. This can be a significant burden for homeowners, impacting their financial planning. Ownwell can assist homeowners in Hastings by identifying potential errors in property assessments and securing exemptions, ultimately helping reduce these tax bills and alleviate financial strain.

Property Tax Bills Across Hastings, Washington County, Minnesota

Source: Ownwell

$177

$2,914

$5,650

Median Hastings Tax Bill

$4,641

Median Washington County Tax Bill

$4,148

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Hastings, Washington County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55033	$3,214	$3,855	$4,641	$5,623	$7,335

Source: Ownwell