Freeborn County Property Taxes
The median property tax rate in Freeborn County is 1.25%, 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 Freeborn County, the typical annual property tax bill reaches $1,666, which is below the national median of $2,690. Property taxes in Freeborn 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 Freeborn 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 Albert Lea or another part of Freeborn County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Freeborn County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.25%
Estimate Property Tax Bill
$1,669
Ownwell’s Freeborn County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Freeborn County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Freeborn 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 Freeborn County, Minnesota
Property taxes in Freeborn County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Freeborn County is 1.25%, which is higher than both the Minnesota state median of 1.05% and the U.S. national median of 0.99%. Local government entities within Freeborn County set these rates annually, and they can vary significantly between different areas within the county. Each year, Freeborn 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. The following data compares Freeborn County's effective property tax rate with other counties in Minnesota and the national median. For comparison, the city of Manchester has one of the higher property tax rates in Minnesota at 2.72%, while the city of Ellendale boasts one of the lowest at 0.81%. Analyzing how Freeborn County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Freeborn County Tax Rate
1.25%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Freeborn County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albert Lea | 0.94% | 1.10% | 1.33% | 1.51% | 1.83% |
| Alden | 0.54% | 0.96% | 1.22% | 1.55% | 1.86% |
| Austin | 0.43% | 0.68% | 0.94% | 1.07% | 1.14% |
| Blooming Prairie | 0.42% | 0.63% | 1.04% | 1.12% | 1.16% |
| Clarks Grove | 0.78% | 0.99% | 1.16% | 1.25% | 1.60% |
| Conger | 1.42% | 1.61% | 1.90% | 2.01% | 2.40% |
| Ellendale | 0.44% | 0.69% | 0.81% | 0.91% | 1.13% |
| Emmons | 0.40% | 0.81% | 1.20% | 1.44% | 1.74% |
| Freeborn | 1.50% | 1.56% | 1.78% | 1.97% | 2.17% |
| Geneva | 0.82% | 0.97% | 1.14% | 1.26% | 1.38% |
| Glenville | 0.40% | 0.74% | 0.91% | 1.07% | 1.22% |
| Hartland | 0.40% | 0.69% | 0.98% | 1.33% | 1.50% |
| Hayward | 0.49% | 0.92% | 1.46% | 1.73% | 2.06% |
| Hollandale | 0.75% | 0.91% | 1.06% | 1.46% | 1.74% |
| Kiester | 0.82% | 0.87% | 0.96% | 1.05% | 1.11% |
| Lyle | 0.75% | 1.02% | 1.21% | 1.27% | 1.28% |
| Manchester | 1.64% | 2.03% | 2.72% | 3.73% | 5.08% |
| New Richland | 0.37% | 0.62% | 0.82% | 0.99% | 1.04% |
| Twin Lakes | 0.85% | 0.89% | 1.04% | 1.50% | 2.17% |
| Walters | 0.50% | 0.89% | 0.99% | 1.08% | 1.15% |
| Wells | 0.45% | 0.56% | 0.82% | 1.03% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Freeborn County, Minnesota
In Freeborn 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 Freeborn 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 Freeborn 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. The highest median tax bill in Freeborn County is in Blooming Prairie at $2,962, while the lowest is in Twin Lakes at $527. Being aware of these valuation processes in Freeborn 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 Freeborn County, Minnesota
Source: Ownwell
$40,750
$174,725
$308,700
Average Freeborn County Assessed Value
$133,500
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Freeborn County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albert Lea | $34,100 | $74,550 | $124,000 | $208,400 | $325,760 |
| Alden | $30,550 | $91,500 | $163,550 | $294,750 | $583,350 |
| Austin | $96,920 | $185,525 | $286,850 | $508,200 | $899,760 |
| Blooming Prairie | $160,920 | $211,450 | $308,700 | $550,150 | $974,320 |
| Clarks Grove | $11,800 | $63,350 | $159,050 | $233,500 | $407,920 |
| Conger | $5,800 | $22,500 | $69,200 | $105,400 | $125,480 |
| Ellendale | $49,640 | $164,800 | $246,900 | $431,850 | $661,580 |
| Emmons | $41,030 | $88,575 | $141,750 | $219,125 | $519,790 |
| Freeborn | $11,120 | $58,175 | $84,350 | $124,275 | $177,120 |
| Geneva | $22,520 | $82,850 | $146,100 | $223,200 | $282,140 |
| Glenville | $27,800 | $94,000 | $162,100 | $285,700 | $689,420 |
| Hartland | $42,360 | $100,525 | $170,100 | $312,600 | $829,640 |
| Hayward | $38,740 | $64,600 | $131,200 | $263,300 | $724,200 |
| Hollandale | $9,460 | $54,300 | $121,700 | $194,275 | $319,370 |
| Kiester | $146,730 | $159,975 | $182,050 | $204,125 | $217,370 |
| Lyle | $53,100 | $71,550 | $186,950 | $234,500 | $374,230 |
| Manchester | $13,710 | $24,975 | $40,750 | $60,225 | $76,590 |
| New Richland | $134,900 | $171,300 | $239,700 | $543,100 | $973,460 |
| Twin Lakes | $5,300 | $12,100 | $57,700 | $99,600 | $204,400 |
| Walters | $115,300 | $174,200 | $211,900 | $288,600 | $712,840 |
| Wells | $148,570 | $185,225 | $257,450 | $534,250 | $1,040,880 |
Source: Ownwell
Property Tax Bills Across Freeborn County, Minnesota
In Freeborn County, MN, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as the property's location, size, and condition, as well as any applicable exemptions, influence the assessed value. For instance, the median home price in Freeborn County is $133,500. Homeowners in Freeborn County experience a wide range of tax bills. Those in the 25th percentile pay around $910 annually, while those in the 75th percentile face bills of approximately $2,758. The 90th percentile sees even higher taxes, with bills reaching up to $4,114. The highest median tax bill in the county is found in Blooming Prairie at $2,962, whereas Twin Lakes has the lowest median tax bill at $527. Compared to the national median property tax rate of 0.99%, Freeborn County's tax rates can significantly impact homeowners, making it essential to understand how these taxes are calculated and what factors influence them.
Average Freeborn County Tax Bill
$1,666
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Freeborn County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albert Lea | $388 | $914 | $1,654 | $2,776 | $4,118 |
| Alden | $434 | $1,146 | $2,013 | $3,282 | $4,762 |
| Austin | $755 | $1,580 | $2,698 | $4,172 | $5,871 |
| Blooming Prairie | $1,582 | $2,172 | $2,962 | $4,172 | $5,842 |
| Clarks Grove | $174 | $624 | $1,706 | $2,472 | $3,644 |
| Conger | $118 | $492 | $1,112 | $1,870 | $2,260 |
| Ellendale | $440 | $1,230 | $2,096 | $3,465 | $4,536 |
| Emmons | $323 | $1,022 | $1,534 | $2,365 | $3,402 |
| Freeborn | $180 | $902 | $1,376 | $2,320 | $3,466 |
| Geneva | $145 | $771 | $1,708 | $2,704 | $3,360 |
| Glenville | $323 | $874 | $1,441 | $2,317 | $3,712 |
| Hartland | $489 | $1,059 | $1,684 | $2,737 | $4,614 |
| Hayward | $594 | $910 | $1,804 | $2,962 | $4,266 |
| Hollandale | $92 | $596 | $1,328 | $2,256 | $3,140 |
| Kiester | $1,227 | $1,454 | $1,832 | $2,210 | $2,437 |
| Lyle | $598 | $837 | $1,785 | $3,011 | $3,885 |
| Manchester | $605 | $880 | $1,237 | $1,626 | $2,196 |
| New Richland | $1,212 | $1,562 | $2,224 | $3,424 | $5,255 |
| Twin Lakes | $104 | $178 | $527 | $914 | $2,064 |
| Walters | $1,037 | $1,738 | $2,214 | $3,400 | $3,857 |
| Wells | $1,170 | $1,732 | $2,199 | $3,519 | $4,918 |
Source: Ownwell