Mower County Property Taxes
The median property tax rate in Mower County is 1.19%, 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 Mower County at $155,900, the typical annual property tax bill reaches $1,856, which is below the national median of $2,690. Property taxes in Mower 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 Mower 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 Austin or another part of Mower County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mower County Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$2,220
Ownwell’s Mower County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Mower County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Mower 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 Mower County, Minnesota
Property taxes in Mower County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Mower County is 1.19%, which is higher than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Mower County set these rates annually, and they can vary significantly between different areas within the county. Each year, Mower 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 Le Roy has one of the higher property tax rates in Minnesota at 1.43%, while the city of Sargeant boasts one of the lowest at 0.75%. Analyzing how Mower County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Mower County Tax Rate
1.19%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mower County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Adams | 0.31% | 0.68% | 1.14% | 1.46% | 1.82% |
| Austin | 0.89% | 1.06% | 1.20% | 1.32% | 1.47% |
| Blooming Prairie | 0.39% | 0.65% | 0.97% | 1.02% | 1.05% |
| Brownsdale | 0.42% | 0.77% | 1.05% | 1.16% | 1.29% |
| Chester | 0.54% | 0.69% | 0.95% | 0.97% | 0.99% |
| Dexter | 0.29% | 0.64% | 0.95% | 1.25% | 1.40% |
| Elkton | 0.33% | 0.58% | 1.12% | 1.35% | 1.57% |
| Grand Meadow | 0.42% | 0.83% | 1.22% | 1.39% | 1.85% |
| Hayfield | 0.66% | 0.75% | 0.76% | 0.93% | 1.79% |
| Lansing | 0.74% | 0.84% | 1.00% | 1.06% | 1.31% |
| Le Roy | 0.44% | 1.02% | 1.43% | 1.66% | 2.03% |
| Lyle | 0.45% | 1.11% | 1.24% | 1.41% | 1.56% |
| Ostrander | 0.29% | 0.38% | 0.85% | 1.00% | 1.04% |
| Racine | 0.42% | 0.78% | 0.93% | 1.06% | 1.16% |
| Rose Creek | 0.35% | 0.63% | 1.14% | 1.52% | 1.71% |
| Sargeant | 0.29% | 0.60% | 0.75% | 1.24% | 1.61% |
| Spring Valley | 0.40% | 0.57% | 0.86% | 0.93% | 1.11% |
| Stewartville | 0.56% | 0.79% | 0.80% | 0.89% | 0.92% |
| Taopi | 0.22% | 0.36% | 0.81% | 1.01% | 1.30% |
| Waltham | 0.29% | 0.65% | 0.90% | 1.05% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Mower County, Minnesota
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Mower County, Minnesota. 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 Mower 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 Mower 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 instance, Stewartville has the highest median tax bill at $3,962, while Chester has the lowest at $1,254. Being aware of these valuation processes in Mower 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 Mower County, Minnesota
Source: Ownwell
$126,100
$294,650
$463,200
Average Mower County Assessed Value
$155,900
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mower County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Adams | $35,160 | $139,600 | $209,800 | $346,900 | $942,060 |
| Austin | $46,600 | $92,000 | $142,600 | $218,100 | $345,980 |
| Blooming Prairie | $136,510 | $224,825 | $324,200 | $507,750 | $1,028,670 |
| Brownsdale | $30,000 | $95,350 | $159,000 | $267,800 | $518,700 |
| Chester | $122,660 | $123,950 | $126,100 | $217,800 | $272,820 |
| Dexter | $22,480 | $118,700 | $241,300 | $439,500 | $1,239,710 |
| Elkton | $33,800 | $144,200 | $204,900 | $366,575 | $1,537,080 |
| Grand Meadow | $35,800 | $150,125 | $229,100 | $368,450 | $682,250 |
| Hayfield | $197,000 | $215,825 | $294,250 | $342,425 | $526,340 |
| Lansing | $19,020 | $60,500 | $131,300 | $179,825 | $245,200 |
| Le Roy | $9,900 | $87,000 | $154,900 | $257,200 | $418,040 |
| Lyle | $42,700 | $90,950 | $148,400 | $265,300 | $572,040 |
| Ostrander | $122,900 | $179,250 | $283,000 | $901,900 | $1,977,800 |
| Racine | $43,200 | $195,000 | $314,600 | $505,400 | $881,200 |
| Rose Creek | $22,500 | $103,900 | $193,600 | $364,600 | $938,440 |
| Sargeant | $28,320 | $119,325 | $269,100 | $457,850 | $1,052,160 |
| Spring Valley | $45,500 | $239,100 | $367,100 | $656,250 | $1,028,500 |
| Stewartville | $148,220 | $354,725 | $463,200 | $540,125 | $1,071,490 |
| Taopi | $8,900 | $92,700 | $286,900 | $617,575 | $1,779,950 |
| Waltham | $30,920 | $99,200 | $237,100 | $431,075 | $1,217,740 |
Source: Ownwell
Property Tax Bills Across Mower County, Minnesota
In Mower 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. Homeowners in Mower County face a median home price of $155,900. The tax bill is then derived by applying the local tax rate to this assessed value. This rate can vary, but it significantly influences the final tax bill homeowners receive. Several factors are considered when determining property tax bills, including property size, location, and any improvements made. For example, in Mower County, the 25th percentile tax bill is $1,134, while the 75th percentile tax bill is $2,904, and the 90th percentile tax bill reaches $4,322. Comparatively, the national median property tax rate is 0.99%, highlighting how local rates can affect homeowners differently. In Mower County, the highest median tax bill is $3,962 in Stewartville, whereas Chester has the lowest at $1,254, demonstrating the variability within the county itself.
Average Mower County Tax Bill
$1,856
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Mower County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Adams | $708 | $1,740 | $2,585 | $3,793 | $4,866 |
| Austin | $624 | $1,100 | $1,730 | $2,626 | $3,976 |
| Blooming Prairie | $1,075 | $1,929 | $3,097 | $3,906 | $5,309 |
| Brownsdale | $436 | $1,023 | $1,676 | $2,440 | $3,594 |
| Chester | $1,174 | $1,204 | $1,254 | $1,296 | $1,321 |
| Dexter | $278 | $1,146 | $2,287 | $3,652 | $5,133 |
| Elkton | $415 | $1,316 | $2,360 | $3,506 | $5,246 |
| Grand Meadow | $680 | $1,782 | $2,622 | $3,602 | $4,928 |
| Hayfield | $1,675 | $2,018 | $2,227 | $2,518 | $7,611 |
| Lansing | $199 | $658 | $1,274 | $1,798 | $2,586 |
| Le Roy | $304 | $994 | $2,016 | $3,034 | $4,356 |
| Lyle | $513 | $1,100 | $1,852 | $2,854 | $4,197 |
| Ostrander | $876 | $1,666 | $2,406 | $3,593 | $5,766 |
| Racine | $566 | $1,740 | $2,831 | $4,176 | $5,452 |
| Rose Creek | $332 | $1,202 | $2,140 | $3,322 | $4,876 |
| Sargeant | $391 | $1,029 | $1,894 | $3,170 | $4,474 |
| Spring Valley | $496 | $1,814 | $2,607 | $4,330 | $6,229 |
| Stewartville | $2,058 | $2,952 | $3,962 | $4,634 | $5,092 |
| Taopi | $114 | $600 | $2,149 | $3,545 | $6,046 |
| Waltham | $362 | $961 | $1,946 | $3,015 | $4,550 |
Source: Ownwell