What is the property tax rate in Elk River, MN?

Elk River has an estimated effective property tax rate of 1.18%. On a median home valued at $338,300, homeowners pay approximately $3,994 per year in property taxes.

How does Elk River compare to Sherburne County?

Elk River's effective rate of 1.18% is 19% higher than the Sherburne County average of 0.99%. The county-wide median annual tax is $3,560, while Elk River homeowners pay an estimated $3,994.

How much are property taxes in Elk River on a $300,000 home?

Based on Elk River's effective rate of 1.18%, property taxes on a $300,000 home would be approximately $3,540 per year, or about $295 per month.

Elk River Property Tax Rate

Sherburne County, Minnesota

1.18%effective rate

Elk River is located in Sherburne County, Minnesota. Homeowners in Elk River pay a median of $3,994 per year in property taxes on a home valued at $338,300, resulting in an effective tax rate of 1.18%. This is 19% higher than the Sherburne County average of 0.99%.

Effective Tax Rate🏠

1.18%

vs 0.99% county avg

Est. Annual Tax💰

$3,994

Per year

Median Home Value📊

$338,300

2024 estimate

Population📍

26,367

Elk River, MN

How Elk River Compares

Elk River

1.18%

Sherburne County Average

0.99%

Minnesota Average

1.02%

National Average

0.92%

About Property Taxes in Elk River

Property taxes in Elk River are collected by Sherburne County. Tax exemptions available to Sherburne County residents — including homestead, senior, and disability exemptions — also apply to homeowners in Elk River. For detailed information on available exemptions and the county tax collector, see the Sherburne County property tax page.

Property Tax Calculator

Estimate your annual property tax in Elk River

Home Value

$50k$2M

Apply homestead exemption ($100,000 school tax reduction)

Estimated Annual Property Tax

$3,540

$295/month · Rate: 1.18%

Sherburne County Property Taxes

County-level data, exemptions, historical trends, and tax collector info.

View county details →

Minnesota Property Taxes

Statewide rates, all 87 counties, and exemptions.

View state details →

Think your property tax is too high?

Homeowners save an average of $1,148/year by appealing their assessment.

Learn How to Appeal →

Frequently Asked Questions

Data Source: U.S. Census Bureau, 2024 American Community Survey 5-Year Estimates. City-level tax data is derived from Census place-level statistics. Effective tax rates are calculated by dividing median real estate taxes paid by median home value. Actual property tax rates may vary based on local taxing jurisdictions, exemptions, and assessment practices. This information is for general reference only and should not be used as a substitute for professional tax advice.