How much are property taxes in Credit River, MN?
Homeowners in Credit River, MN pay a median of $4,934 (±$550) a year in real estate taxes (2020–2024 American Community Survey, table B25103).
Homes with a mortgage pay a median of $4,952.
Homes without a mortgage pay a median of $4,890.
That is about 0.8% of the median home value of $595,000.
Figures last updated on .
- Median real estate taxes
- $4,934 (±$550)
- With a mortgage
- $4,952
- Without a mortgage
- $4,890
- Share of median value
- 0.8%
Real estate taxes in Credit River against Scott County, its state and the nation
| Credit River | Scott County | Minnesota | United States | |
|---|---|---|---|---|
| Median real estate taxes | $4,934 (±$550) | $4,230 (±$70) | $3,357 (±$10) | $3,119 |
| Homes with a mortgage | $4,952 (±$773) | $4,295 (±$87) | $3,470 (±$14) | $3,489 |
| Homes without a mortgage | $4,890 (±$633) | $4,071 (±$105) | $3,144 (±$18) | $2,576 |
| Median home value | $595,000 (±$45,488) | $419,400 (±$8,137) | $329,300 (±$903) | $332,700 |
In Credit River, the median real estate tax is higher than in Scott County ($4,230).
It is also higher than in Minnesota ($3,357).
It is higher than the national figure ($3,119).
In Scott County, Credit River ranks 2 of 17 places with a published estimate, from highest to lowest median real estate taxes.
Statewide, it ranks 42 of 2,563.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Taxes as a share of home value in Credit River
The median tax ($4,934) is 0.8% of the median home value ($595,000).
Across Scott County the same ratio is 1.0%.
Across Minnesota it is 1.0%.
This is a ratio of two medians, a rough effective rate: not the tax rate or mill rate the town, county or school district sets, and not any one home’s bill.
Owners report what they paid and what they think their home is worth; the assessor’s office publishes the actual rates and assessments.
Median real estate taxes in places near Credit River
| Place | Distance | Median real estate taxes | Compared with this place |
|---|---|---|---|
| Credit River | — | $4,934 (±$550) | — |
| Spring Lake Township | 5.1 mi | $4,815 (±$308) | Not measurably different |
| Lakeville | 5.4 mi | $4,498 (±$115) | Not measurably different |
| Prior Lake | 5.4 mi | $4,467 (±$169) | Not measurably different |
| New Market Township | 5.7 mi | $5,003 (±$488) | Not measurably different |
| Savage | 6.1 mi | $4,458 (±$122) | Not measurably different |
| Elko New Market | 7.3 mi | $4,601 (±$222) | Not measurably different |
| Cedar Lake Township | 7.6 mi | $4,821 (±$248) | Not measurably different |
| Burnsville | 7.6 mi | $3,451 (±$88) | Lower |
Nearby places with a measurably lower figure: Burnsville, MN ($3,451).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median real estate taxes across Scott County, place by place
| Rank | Place | Median real estate taxes |
|---|---|---|
| 1 | New Market Township | $5,003 (±$488) |
| 2 | Credit River | $4,934 (±$550) |
| 3 | Cedar Lake Township | $4,821 (±$248) |
| 4 | Spring Lake Township | $4,815 (±$308) |
| 5 | Elko New Market | $4,601 (±$222) |
| 6 | St. Lawrence Township | $4,500 (±$498) |
| 7 | Helena Township | $4,483 (±$378) |
| 8 | Prior Lake | $4,467 (±$169) |
Showing 8 of 17 places in Scott County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Credit River
How much are property taxes in Credit River?
The median real estate tax paid by homeowners in Credit River, MN is $4,934 (±$550) a year (2020–2024 American Community Survey).
What is the property tax rate in Credit River?
The Census Bureau does not publish tax rates; as a rough guide, the median tax paid is 0.8% of the median home value in Credit River, and the actual rate is set by the town, county and school district.
Are property taxes in Credit River higher than in Scott County?
In Credit River, the median real estate tax is higher than in Scott County ($4,230).
It is also higher than in Minnesota ($3,357).
It is higher than the national figure ($3,119).
Sources
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Credit River city, Minnesota
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Credit River city, Minnesota
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Credit River city, Minnesota
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Credit River city, Minnesota
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Credit River city, Minnesota
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Credit River city, Minnesota (place:13708, in state:27).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25103_001E, B25103_001M, B25077_001E, B25077_001M, B25088_002E, B25088_002M from the 2019 release.
The API needs a free key.
B25103_001E, B25103_001M, B25103_002E, B25103_002M, B25103_003E, B25103_003M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Credit River at a glance
- Income and affordability in Credit River
- Home values in Credit River
- Homeowner costs in Credit River
- Types of homes in Credit River
- Age of homes in Credit River
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- How long people stay in Credit River
- Crowding and facilities in Credit River
- Minnesota landlord and tenant rules
- Housing across Scott County
- Minnesota places ranked by property taxes
- Housing data for every place in Minnesota