Blue Earth County Property Taxes
The median property tax rate in Blue Earth County is 1.06%, which is higher than the national median of 0.99% but slightly lower than the Minnesota state median of 1.11%. With a median home value of $262,300 in Blue Earth County, the typical annual property tax bill is $2,724, just above the national median of $2,690. Property taxes in Blue Earth County are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Blue Earth County's property tax system, exploring available exemptions, and identifying opportunities for tax reductions can lead to substantial yearly savings. Whether you reside in Mankato or another part of Blue Earth County, having a thorough understanding of local property taxes will benefit homeowners and real estate investors alike.
Last Updated June 14, 2024
Blue Earth County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$2,780
Ownwell’s Blue Earth County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Blue Earth County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Blue Earth 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 Blue Earth County, Minnesota
Property taxes in Blue Earth County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Blue Earth County is 1.06%, which is higher than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Blue Earth County set these rates annually, and they can vary significantly between different areas within the county. Each year, Blue Earth 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 Blue Earth County's effective property tax rate with other counties in Minnesota and the national median. For comparison, the city of Pemberton has one of the higher property tax rates in Minnesota at 1.57%, while the city of Truman boasts one of the lowest at 0.50%. Analyzing how Blue Earth County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Blue Earth County Tax Rate
1.06%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blue Earth County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amboy | 0.34% | 0.74% | 0.93% | 1.31% | 1.44% |
| Eagle Lake | 0.83% | 0.87% | 0.90% | 0.93% | 1.06% |
| Garden City | 0.30% | 0.54% | 0.64% | 0.68% | 0.70% |
| Good Thunder | 0.39% | 0.72% | 0.81% | 1.48% | 1.61% |
| Hanska | 0.61% | 0.68% | 0.71% | 0.73% | 0.77% |
| Janesville | 0.50% | 0.75% | 0.92% | 0.95% | 0.97% |
| Kasota | 0.60% | 0.75% | 0.76% | 0.79% | 0.81% |
| Lake Crystal | 0.63% | 0.70% | 1.00% | 1.10% | 1.16% |
| Lewisville | 0.37% | 0.52% | 0.65% | 0.71% | 0.73% |
| Madelia | 0.29% | 0.40% | 0.70% | 0.79% | 0.84% |
| Madison Lake | 0.76% | 0.84% | 1.20% | 1.31% | 1.56% |
| Mankato | 0.82% | 0.98% | 1.07% | 1.13% | 1.32% |
| Mapleton | 0.52% | 0.78% | 1.17% | 1.35% | 1.55% |
| Minnesota Lake | 0.30% | 0.43% | 0.74% | 0.79% | 0.86% |
| New Ulm | 0.63% | 0.73% | 0.81% | 0.84% | 0.85% |
| North Mankato | 1.06% | 1.07% | 1.07% | 1.07% | 1.07% |
| Pemberton | 0.70% | 0.77% | 1.57% | 1.65% | 1.71% |
| Saint Clair | 1.35% | 1.41% | 1.46% | 1.49% | 1.55% |
| Truman | 0.22% | 0.29% | 0.50% | 0.74% | 0.76% |
| Vernon Center | 0.30% | 0.63% | 1.11% | 1.44% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Blue Earth County, Minnesota
In Blue Earth 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 Blue Earth 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 Blue Earth 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 Blue Earth County, Madison Lake has the highest median tax bill at $3,687, while Garden City has the lowest at $1,759. 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 Blue Earth County, Minnesota
Source: Ownwell
$17,300
$224,600
$431,900
Average Blue Earth County Assessed Value
$262,300
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blue Earth County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amboy | $83,820 | $132,500 | $197,500 | $315,000 | $739,480 |
| Eagle Lake | $138,940 | $228,900 | $301,800 | $400,625 | $494,590 |
| Garden City | $115,620 | $164,800 | $267,200 | $456,800 | $837,440 |
| Good Thunder | $118,780 | $188,200 | $287,100 | $443,400 | $686,020 |
| Hanska | $222,100 | $222,700 | $261,500 | $291,000 | $1,197,300 |
| Janesville | $219,350 | $285,175 | $381,200 | $505,250 | $793,550 |
| Kasota | $76,600 | $144,050 | $254,400 | $358,250 | $409,100 |
| Lake Crystal | $117,060 | $181,850 | $261,950 | $360,150 | $499,220 |
| Lewisville | $193,740 | $197,700 | $339,600 | $611,175 | $848,550 |
| Madelia | $156,980 | $209,525 | $320,100 | $599,825 | $1,346,270 |
| Madison Lake | $132,560 | $236,825 | $339,950 | $517,400 | $677,540 |
| Mankato | $88,100 | $191,300 | $259,600 | $351,400 | $470,300 |
| Mapleton | $130,660 | $175,975 | $235,850 | $325,300 | $474,620 |
| Minnesota Lake | $166,160 | $218,450 | $362,600 | $664,225 | $1,525,090 |
| New Ulm | $83,310 | $146,175 | $262,250 | $419,375 | $560,140 |
| North Mankato | $217,020 | $228,000 | $246,300 | $264,600 | $275,580 |
| Pemberton | $131,630 | $157,500 | $181,500 | $251,925 | $384,780 |
| Saint Clair | $155,200 | $184,200 | $220,300 | $254,800 | $306,300 |
| Truman | $216,050 | $264,275 | $431,900 | $919,500 | $1,085,290 |
| Vernon Center | $80,780 | $121,850 | $179,100 | $275,300 | $647,960 |
Source: Ownwell
Property Tax Bills Across Blue Earth County, Minnesota
In Blue Earth 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 county assessors and reflects the estimated market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Factors influencing the tax bill include property type, location, and any applicable exemptions or deductions. For instance, homes in Madison Lake have the highest median tax bill at $3,687, while those in Garden City see the lowest at $1,759. Comparing these figures to the national median property tax rate of 0.99%, Blue Earth County's tax bills can vary significantly, impacting homeowners differently based on their property's assessed value. Homeowners in Blue Earth County can expect tax bills ranging from $1,872 at the 25th percentile to $4,934 at the 90th percentile, highlighting the importance of understanding how local assessments and tax rates affect their financial obligations.
Average Blue Earth County Tax Bill
$2,724
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Blue Earth County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amboy | $728 | $1,372 | $1,994 | $2,842 | $3,856 |
| Eagle Lake | $1,186 | $1,988 | $2,668 | $3,612 | $4,520 |
| Garden City | $608 | $1,002 | $1,759 | $2,792 | $3,846 |
| Good Thunder | $1,275 | $1,940 | $2,690 | $3,579 | $4,356 |
| Hanska | $1,536 | $1,590 | $1,918 | $2,332 | $6,984 |
| Janesville | $1,781 | $2,349 | $3,364 | $4,288 | $5,446 |
| Kasota | $58 | $1,011 | $1,926 | $2,831 | $3,232 |
| Lake Crystal | $932 | $1,652 | $2,448 | $3,276 | $4,392 |
| Lewisville | $1,256 | $1,396 | $2,109 | $2,896 | $3,171 |
| Madelia | $940 | $1,412 | $2,094 | $3,498 | $4,626 |
| Madison Lake | $982 | $2,382 | $3,687 | $5,423 | $7,439 |
| Mankato | $722 | $1,922 | $2,776 | $3,714 | $4,941 |
| Mapleton | $1,350 | $1,830 | $2,546 | $3,470 | $4,508 |
| Minnesota Lake | $1,019 | $1,787 | $2,641 | $3,420 | $5,455 |
| New Ulm | $545 | $1,092 | $1,889 | $3,348 | $4,383 |
| North Mankato | $2,311 | $2,433 | $2,636 | $2,839 | $2,961 |
| Pemberton | $1,427 | $2,154 | $2,704 | $3,254 | $3,961 |
| Saint Clair | $2,100 | $2,603 | $3,224 | $3,874 | $4,710 |
| Truman | $1,008 | $1,576 | $2,611 | $3,421 | $4,370 |
| Vernon Center | $704 | $1,254 | $1,913 | $2,686 | $3,401 |
Source: Ownwell