Newport, Washington County, Minnesota Property Taxes

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

Median Newport, MN effective property tax rate: 1.38%, significantly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Newport, MN home value: $284,450
Median annual Newport, MN tax bill: $4,033, $1,633 higher than the national median property tax bill of $2,400.

How are property taxes in Washington calculated?

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

Last Updated March 1, 2025

Newport, Washington County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.38%

Estimate Property Tax Bill

$3,925

$3,643

Ownwell’s Newport Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Newport with just two data points. By entering your property's estimated assessed value, our calculator applies Newport’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 Newport, Washington 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. In Newport, located in Washington County, Minnesota, the property tax rate is a key consideration for homeowners. The effective property tax rate in Newport aligns with the county's median rate. When compared to the national median property tax rate of 1.02%, Newport's rate is higher, reflecting the local government's budgetary needs and property values. This means that residents in Newport contribute more in property taxes than those in many other parts of the country. Homeowners in Newport should be aware of how these rates affect their annual tax bills and consider appealing their property taxes if they believe their assessed value is too high. Understanding these rates can help residents make informed decisions about their property tax responsibilities and potential savings opportunities.

Property Tax Rates Across Newport, 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 Newport Tax Rate

1.38%

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 Newport, Washington County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55055	1.31%	1.34%	1.38%	1.43%	1.58%

Source: Ownwell

Property Tax Assessment Values Across Newport, Washington County, Minnesota

When examining property taxes in Newport, 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.

In Washington 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 Newport.

For example, the median home price in Newport is $284,450, with tax bills ranging significantly across the county. Zip code 55055 has the highest median home price at $284,450.

Property Tax Assessment Values Across Newport, Washington County, Minnesota

Source: Ownwell

$12,550

$304,075

$595,600

Median Newport Market Value

$284,450

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 Newport, Washington County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55055	$205,620	$239,500	$284,450	$400,600	$538,480

Source: Ownwell

Property Tax Bills Across Newport, Washington County, Minnesota

In Newport, located in Washington County, MN, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $284,450, and property taxes are determined by multiplying the assessed value by the local tax rate. Homeowners in Newport can expect a median property tax bill of $4,033, which is notably higher than the national median of $2,400. This reflects the local government's requirement to fund essential services such as schools, infrastructure, and public safety. Factors influencing the tax bill include changes in home values, local government budgets, and voter-approved levies. For Newport homeowners, property taxes can be a significant financial burden. This is where Ownwell steps in to assist. By providing expert property tax appeal services, Ownwell helps homeowners potentially lower their tax bills. Our team of professionals reviews your property's assessed value and identifies discrepancies, ensuring you're not overpaying. With Ownwell's support, you can achieve significant savings on your property tax bill.

Property Tax Bills Across Newport, Washington County, Minnesota

Source: Ownwell

$177

$2,914

$5,650

Median Newport Tax Bill

$4,033

Median Washington County Tax Bill

$4,148

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Newport, Washington County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55055	$2,720	$3,283	$4,033	$5,694	$7,590

Source: Ownwell