Mahtomedi, Washington County, Minnesota Property Taxes

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

Median Mahtomedi, MN effective property tax rate: 1.09%, slightly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Mahtomedi, MN home value: $457,000
Median annual Mahtomedi, MN tax bill: $5,054, $2,654 higher than the national median property tax bill of $2,400.

How are property taxes in Washington County calculated?

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

Last Updated March 1, 2025

Mahtomedi, Washington County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.09%

Estimate Property Tax Bill

$4,981

$4,623

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

Property Tax Rates Across Mahtomedi, Washington County, Minnesota

Local government entities determine tax rates, which can differ significantly within a state. This variation occurs because each county annually estimates its budgetary needs to provide essential services and divides this by the total assessed value of all taxable properties in its area. This calculation establishes the property tax rate. Although votes and legislation play a role in setting tax rates and budgets, this is the basic annual procedure. Mahtomedi in Washington County, MN, has an effective property tax rate that can be compared to other cities in Minnesota and the national median. Mahtomedi's rate is reflective of the county's approach to balancing budgetary requirements with property values. This comparison highlights how local rates can differ from the national median, providing insight into regional economic strategies. Understanding these differences is crucial for property owners looking to manage their tax liabilities effectively. By analyzing these rates, homeowners and potential buyers can make informed decisions about property investments and financial planning.

Property Tax Rates Across Mahtomedi, 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 Mahtomedi Tax Rate

1.09%

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 Mahtomedi, Washington County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55115	0.87%	1.08%	1.09%	1.16%	1.20%

Source: Ownwell

Property Tax Assessment Values Across Mahtomedi, Washington County, Minnesota

When examining property taxes in Mahtomedi, 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 Washington 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.

Assessment notices: In Washington 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 Mahtomedi. For example, the median home price in Mahtomedi is $457,000, with tax bills ranging significantly across the county. 55115 has the highest median home price at $457,000.

Property Tax Assessment Values Across Mahtomedi, Washington County, Minnesota

Source: Ownwell

$12,550

$304,075

$595,600

Median Mahtomedi Market Value

$457,000

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 Mahtomedi, Washington County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55115	$348,920	$395,800	$457,000	$553,050	$638,880

Source: Ownwell

Property Tax Bills Across Mahtomedi, Washington County, Minnesota

In Mahtomedi, Washington County, MN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The tax rate is applied to this value to determine the annual tax bill. With a median home price of $457,000, homeowners in Mahtomedi face property tax bills that can vary significantly. For instance, the tax bill for the 25th percentile is $4,312, while the 90th percentile reaches $6,786. The median tax bill stands at $5,054, notably higher than the national median property tax bill of $2,400. This suggests that homeowners in Mahtomedi pay a substantial amount compared to the national average. Factors such as changes in assessed property value and local government budgets can influence these bills, impacting homeowners' finances. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions, ensuring they only pay their fair share. By leveraging expert knowledge and local insights, Ownwell can help reduce the financial burden of property taxes for Mahtomedi residents.

Property Tax Bills Across Mahtomedi, Washington County, Minnesota

Source: Ownwell

$177

$2,914

$5,650

Median Mahtomedi Tax Bill

$5,054

Median Washington County Tax Bill

$4,148

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Mahtomedi, Washington County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55115	$3,915	$4,312	$5,054	$5,819	$6,786

Source: Ownwell

Don't miss the deadline to appeal!

Dates

Links
Washington Tax Assessor
Website	mn-washington.manatron.com