Wabasha County Property Taxes
The median property tax rate in Wabasha County is 1.15%, which is significantly higher than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Wabasha County, the typical annual property tax bill reaches $2,658, which is close to the national median of $2,690. Property taxes in Wabasha County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Wabasha 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 Wabasha or another part of Wabasha County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wabasha County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$2,801
Ownwell’s Wabasha County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Wabasha County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Wabasha County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Wabasha County, Minnesota
Property taxes in Wabasha County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Wabasha County is 1.15%, which is higher than the U.S. national median of 0.99%. Local government entities within Wabasha County set these rates annually, and they can vary significantly between different areas within the county. Each year, Wabasha 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 Lake City has one of the higher property tax rates in the area at 1.27%, while the city of Theilman boasts one of the lowest at 0.60%. Analyzing how Wabasha County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Wabasha County Tax Rate
1.15%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wabasha County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Altura | 0.48% | 0.58% | 0.64% | 0.69% | 0.78% |
| Bellechester | 0.84% | 0.95% | 1.03% | 1.14% | 1.18% |
| Elgin | 0.64% | 0.96% | 1.13% | 1.19% | 1.26% |
| Goodhue | 0.57% | 0.78% | 0.84% | 0.86% | 0.87% |
| Hammond | 0.71% | 0.82% | 0.93% | 1.03% | 1.23% |
| Kellogg | 0.31% | 0.58% | 0.69% | 1.20% | 1.35% |
| Lake City | 0.72% | 1.00% | 1.27% | 1.35% | 1.42% |
| Mazeppa | 0.82% | 0.94% | 1.22% | 1.44% | 1.50% |
| Millville | 0.32% | 0.52% | 0.67% | 0.74% | 0.86% |
| Minneiska | 0.50% | 0.62% | 0.66% | 0.69% | 0.83% |
| Oronoco | 0.99% | 1.01% | 1.10% | 1.15% | 1.18% |
| Plainview | 0.48% | 1.00% | 1.23% | 1.32% | 1.37% |
| Reads Landing | 0.55% | 0.58% | 0.62% | 0.66% | 0.70% |
| Rochester | 0.30% | 0.41% | 0.62% | 0.79% | 0.80% |
| Theilman | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
| Wabasha | 0.63% | 0.69% | 1.08% | 1.27% | 1.42% |
| Zumbro Falls | 0.43% | 0.70% | 0.79% | 1.00% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Wabasha County, Minnesota
In Wabasha 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 Wabasha 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 Wabasha 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, Oronoco has the highest median tax bill at $5,609, while Hammond has the lowest at $970. Being aware of these valuation processes in Wabasha County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Wabasha County, Minnesota
Source: Ownwell
$100,400
$307,800
$515,200
Average Wabasha County Assessed Value
$243,600
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wabasha County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Altura | $27,550 | $121,475 | $178,500 | $330,850 | $728,900 |
| Bellechester | $125,100 | $144,200 | $174,450 | $201,800 | $239,800 |
| Elgin | $147,770 | $203,850 | $266,400 | $322,775 | $393,020 |
| Goodhue | $313,020 | $335,200 | $375,400 | $429,550 | $933,860 |
| Hammond | $15,000 | $59,000 | $100,400 | $192,900 | $245,760 |
| Kellogg | $107,710 | $181,075 | $269,100 | $435,875 | $914,800 |
| Lake City | $16,850 | $173,100 | $228,050 | $338,675 | $500,350 |
| Mazeppa | $68,140 | $164,500 | $264,500 | $399,000 | $561,440 |
| Millville | $110,310 | $193,225 | $300,550 | $518,500 | $1,260,230 |
| Minneiska | $22,240 | $91,950 | $169,100 | $219,950 | $244,140 |
| Oronoco | $384,970 | $473,875 | $515,200 | $623,100 | $698,790 |
| Plainview | $113,700 | $186,800 | $245,700 | $327,600 | $542,280 |
| Reads Landing | $113,490 | $144,650 | $191,900 | $276,725 | $453,020 |
| Rochester | $264,430 | $343,925 | $433,350 | $808,600 | $1,303,730 |
| Theilman | $294,300 | $294,300 | $294,300 | $294,300 | $294,300 |
| Wabasha | $27,520 | $137,000 | $224,000 | $328,500 | $478,540 |
| Zumbro Falls | $162,050 | $266,825 | $367,150 | $502,175 | $766,850 |
Source: Ownwell
Property Tax Bills Across Wabasha County, Minnesota
In Wabasha County, MN, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's market value, improvements, and location. Homeowners in Wabasha County can see a wide range in their tax bills. For instance, the tax bill at the 25th percentile is $1,858, while at the 75th percentile, it reaches $3,592. The 90th percentile tax bill climbs to $4,882. Comparatively, the national median property tax rate is 0.99%, making Wabasha County's tax rates relatively competitive. The highest median tax bill in the county is found in Oronoco at $5,609, whereas Hammond has the lowest median tax bill at $970. These variations can significantly affect homeowners, influencing decisions on property purchases and financial planning.
Average Wabasha County Tax Bill
$2,658
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Wabasha County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Altura | $201 | $774 | $1,170 | $2,048 | $2,971 |
| Bellechester | $1,018 | $1,384 | $1,722 | $1,944 | $2,775 |
| Elgin | $1,478 | $2,070 | $2,724 | $3,334 | $4,011 |
| Goodhue | $2,440 | $2,697 | $3,076 | $3,734 | $4,487 |
| Hammond | $260 | $684 | $970 | $1,792 | $2,204 |
| Kellogg | $884 | $1,566 | $2,246 | $2,917 | $3,950 |
| Lake City | $1,574 | $2,224 | $2,900 | $3,810 | $5,242 |
| Mazeppa | $1,497 | $2,255 | $3,127 | $4,323 | $5,675 |
| Millville | $822 | $1,350 | $2,075 | $3,051 | $4,502 |
| Minneiska | $184 | $498 | $1,072 | $1,463 | $1,649 |
| Oronoco | $3,955 | $4,841 | $5,609 | $6,544 | $7,941 |
| Plainview | $1,646 | $2,232 | $2,932 | $3,793 | $4,833 |
| Reads Landing | $690 | $852 | $1,206 | $1,794 | $3,034 |
| Rochester | $1,857 | $2,570 | $3,231 | $3,763 | $4,964 |
| Theilman | $1,764 | $1,764 | $1,764 | $1,764 | $1,764 |
| Wabasha | $536 | $1,462 | $2,222 | $3,163 | $4,579 |
| Zumbro Falls | $1,321 | $2,184 | $2,953 | $3,846 | $5,058 |
Source: Ownwell