Rock County Property Taxes
The median property tax rate in Rock County is 0.93%, which is slightly lower than both the national median of 0.99% and the Minnesota state median of 1.11%. With a median home value of $166,600 in Rock County, the typical annual property tax bill is $1,430, significantly below the national median of $2,690. Property taxes in Rock County are determined based on the tax assessed value, often lower than the actual market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Rock County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Luverne or another part of Rock County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rock County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$1,549
Ownwell’s Rock County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rock County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Rock County to estimate your property tax bill. This tool provides valuable insights to understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to more localized information. Your property’s assessed value is the value assigned to your property by your county for property tax calculations and takes into account any exemptions you may have.
Property Tax Rates Across Rock County, Minnesota
Property taxes in Rock County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Rock County is 0.93%, which is lower than the U.S. national median of 0.99%. Local government entities within Rock County set these rates annually, and they can vary significantly between different areas within the county. Each year, Rock County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Luverne has one of the higher property tax rates in the region at 1.00%, while the city of Garretson boasts one of the lowest at 0.47%. Analyzing how Rock County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Rock County Tax Rate
0.93%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rock County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beaver Creek | 0.56% | 0.60% | 0.89% | 1.00% | 1.05% |
| Edgerton | 0.55% | 0.57% | 0.58% | 0.60% | 0.80% |
| Ellsworth | 0.60% | 0.77% | 0.83% | 0.84% | 0.85% |
| Garretson | 0.42% | 0.46% | 0.47% | 0.54% | 0.59% |
| Hardwick | 0.48% | 0.54% | 0.79% | 0.89% | 1.12% |
| Hills | 0.58% | 0.74% | 0.80% | 0.86% | 0.94% |
| Jasper | 0.42% | 0.48% | 0.51% | 0.86% | 1.08% |
| Kanaranzi | 0.50% | 0.54% | 0.57% | 0.64% | 0.72% |
| Kenneth | 0.36% | 0.55% | 0.61% | 0.81% | 0.93% |
| Luverne | 0.58% | 0.87% | 1.00% | 1.09% | 1.18% |
| Magnolia | 0.57% | 0.66% | 0.74% | 0.84% | 1.02% |
| Steen | 0.50% | 0.57% | 0.76% | 0.84% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Rock County, Minnesota
In Rock County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Rock County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Rock County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For example, Garretson has the highest median tax bill at $1,888, while Kenneth has the lowest at $311. Being aware of these valuation processes in Rock County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Rock County Assessed Value
$166,600
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rock County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beaver Creek | $54,800 | $123,850 | $210,000 | $289,500 | $405,480 |
| Edgerton | $124,150 | $139,700 | $222,650 | $270,150 | $326,100 |
| Ellsworth | $185,640 | $207,900 | $225,700 | $332,500 | $496,860 |
| Garretson | $261,520 | $308,200 | $380,500 | $459,100 | $505,300 |
| Hardwick | $4,820 | $31,100 | $90,600 | $167,225 | $264,720 |
| Hills | $30,800 | $95,100 | $159,500 | $229,200 | $295,700 |
| Jasper | $12,040 | $42,650 | $190,000 | $302,750 | $336,650 |
| Kanaranzi | $9,100 | $22,800 | $56,250 | $120,325 | $159,350 |
| Kenneth | $5,560 | $14,350 | $48,700 | $137,325 | $232,720 |
| Luverne | $54,440 | $113,825 | $182,400 | $267,175 | $366,850 |
| Magnolia | $11,800 | $30,950 | $70,900 | $124,550 | $254,500 |
| Steen | $3,800 | $27,900 | $84,000 | $180,500 | $285,300 |
Source: Ownwell
Property Tax Bills Across Rock County, Minnesota
In Rock County, MN, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. For instance, with a median home price of $166,600, homeowners in Rock County can expect varying tax bills depending on their property's assessed value and applicable exemptions. Factors such as property improvements, location, and market conditions can influence the assessed value. Tax bills in Rock County range significantly, with the 25th percentile at $774 and the 75th percentile at $2218, reflecting the diversity in property values and tax obligations. The highest median tax bill in the county is $1888 in Garretson, while Kenneth has the lowest at $311. These tax bills impact homeowners' annual budgets, making it crucial to understand how local assessments and rates affect overall financial planning.
Average Rock County Tax Bill
$1,430
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Rock County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Beaver Creek | $436 | $1,008 | $1,606 | $2,402 | $3,027 |
| Edgerton | $708 | $826 | $1,401 | $1,628 | $2,635 |
| Ellsworth | $1,171 | $1,654 | $1,872 | $2,316 | $4,150 |
| Garretson | $1,238 | $1,756 | $1,888 | $2,500 | $2,516 |
| Hardwick | $30 | $271 | $673 | $1,074 | $1,629 |
| Hills | $191 | $730 | $1,240 | $1,803 | $2,224 |
| Jasper | $94 | $354 | $1,000 | $1,428 | $1,747 |
| Kanaranzi | $61 | $146 | $320 | $662 | $892 |
| Kenneth | $26 | $100 | $311 | $924 | $1,822 |
| Luverne | $418 | $1,028 | $1,669 | $2,523 | $3,610 |
| Magnolia | $112 | $261 | $534 | $945 | $1,650 |
| Steen | $18 | $199 | $620 | $1,291 | $1,834 |
Source: Ownwell