Pipestone County Property Taxes
The median property tax rate in Pipestone County is 1.35%, 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 Pipestone County, the typical annual property tax bill reaches $966, which is below the national median of $2,690. Property taxes in Pipestone 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 Pipestone 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 Pipestone or another part of Pipestone County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pipestone County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$939
Ownwell’s Pipestone Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Pipestone with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Pipestone 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 Pipestone County, Minnesota
Property taxes in Pipestone County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Pipestone County is 1.35%, which is higher than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Pipestone County set these rates annually, and they can vary significantly between different areas within the county. Each year, Pipestone 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 Pipestone County's effective property tax rate with other counties in Minnesota and the national median. For comparison, the city of Ruthton has one of the higher property tax rates in Minnesota at 1.50%, while the city of Jasper boasts one of the lowest at 0.90%. Analyzing how Pipestone County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Pipestone County Tax Rate
1.35%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Pipestone County, Minnesota
In Pipestone 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 Pipestone 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 Pipestone 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. In Pipestone County, the city with the highest median tax bill is Woodstock at $6,188, while Holland has the lowest at $406. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Pipestone County, Minnesota
Source: Ownwell
$38,200
$932,850
$1,827,500
Average Pipestone County Assessed Value
$69,550
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pipestone County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Edgerton | $67,080 | $79,750 | $124,200 | $138,100 | $189,500 |
| Holland | $19,670 | $22,775 | $38,200 | $49,575 | $51,540 |
| Jasper | $125,120 | $259,850 | $484,400 | $708,950 | $843,680 |
| Pipestone | $20,120 | $44,800 | $68,000 | $127,900 | $346,560 |
| Ruthton | $28,850 | $31,350 | $38,950 | $61,850 | $544,150 |
| Woodstock | $1,330,140 | $1,516,650 | $1,827,500 | $1,882,850 | $1,916,060 |
Source: Ownwell
Property Tax Bills Across Pipestone County, Minnesota
In Pipestone County, MN, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors who evaluate the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. Factors such as home size, location, and market conditions play a significant role in determining the assessed value. For homeowners in Pipestone County, the median home price is $69,550. Tax bills can vary widely, with those in the 25th percentile paying around $568 annually, while those in the 75th percentile face bills of approximately $1,610. Homeowners in the 90th percentile could see tax bills as high as $3,112. These figures contrast sharply with national trends, where the median property tax rate stands at 0.99%. Understanding how these factors interplay helps homeowners anticipate their financial responsibilities and budget accordingly.
Average Pipestone County Tax Bill
$966
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690