Faribault County, Minnesota Property Taxes

Name: Property Tax Bills Across Faribault County, Minnesota
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Faribault County effective property tax rate: 1.19%, significantly higher than the national median of 1.02%.
Median Faribault County home value: $99,500
Median annual Faribault County tax bill: $1,105, $1,295 lower than the national median property tax bill of $2,400.

How are property taxes in Faribault County calculated?

Property taxes in Faribault County are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Blue Earth or another part of Faribault County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Faribault County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.19%

Estimate Property Tax Bill

$1,184

$1,099

Ownwell’s Faribault County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Faribault County with just two data points. By entering your property's estimated assessed value, our calculator applies Faribault County’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Faribault County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Faribault County, Minnesota

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Faribault County's effective property tax rate to other counties in Minnesota or the U.S. median property tax rate. Faribault County has a median property tax rate of 1.19%, slightly higher than the national median of 1.02%. Within Minnesota, tax rates can vary significantly, with Walters having the highest median rate of 2.24%, while Delavan boasts the lowest at 0.81%. This variation highlights the importance of understanding property tax dynamics in your area, as they directly impact your tax bill. Whether you reside in a high or low tax rate area, staying informed and exploring potential exemptions can lead to significant savings.

Property Tax Rates Across Faribault County, Minnesota

Source: Ownwell

0.81%

1.53%

2.24%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Faribault County Tax Rate

1.19%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Faribault County, Minnesota

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Blue Earth	0.56%	0.75%	1.06%	1.48%	1.91%
Bricelyn	0.43%	0.68%	0.94%	1.40%	2.27%
Delavan	0.32%	0.55%	0.81%	1.24%	1.64%
Easton	0.47%	0.66%	1.54%	2.14%	3.22%
Elmore	0.68%	1.58%	2.14%	2.99%	4.23%
Frost	0.57%	0.82%	1.49%	1.86%	2.64%
Granada	0.41%	0.83%	0.94%	1.10%	1.37%
Huntley	0.98%	1.02%	1.15%	1.37%	2.00%
Kiester	0.70%	1.15%	1.51%	1.94%	2.49%
Minnesota Lake	0.63%	0.78%	1.09%	1.32%	1.51%
Walters	0.49%	0.69%	2.24%	4.44%	6.43%
Wells	0.63%	0.89%	1.33%	1.71%	2.06%
Winnebago	0.49%	0.72%	1.10%	1.57%	2.04%
Alden	N/A	N/A	N/A	N/A	N/A
Amboy	N/A	N/A	N/A	N/A	N/A
Mapleton	N/A	N/A	N/A	N/A	N/A
New Richland	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Faribault County, Minnesota

When examining property taxes in Faribault County, understanding the distinction between "market value" and "assessed value" is crucial.

The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Faribault County Assessor's Office estimates the market value for tax purposes.

The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

Assessment notices:

In Faribault County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April.

Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Faribault County.

For example, the median tax bill in Faribault County is $1,326, with tax bills ranging significantly across the county. Minnesota Lake has the highest median home price at $139,500.

Property Tax Assessment Values Across Faribault County, Minnesota

Source: Ownwell

$36,400

$87,950

$139,500

Median Faribault County Market Value

$99,500

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Faribault County, Minnesota

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Blue Earth	$28,960	$72,350	$121,700	$188,875	$317,900
Bricelyn	$10,680	$39,600	$79,100	$158,000	$311,940
Delavan	$10,020	$42,850	$85,000	$223,925	$912,130
Easton	$2,920	$30,400	$82,100	$182,450	$368,120
Elmore	$2,000	$10,275	$39,700	$72,400	$127,050
Frost	$4,730	$38,700	$67,800	$96,900	$250,930
Granada	$3,080	$24,000	$68,800	$100,100	$276,680
Huntley	$4,660	$25,800	$51,200	$96,200	$130,140
Kiester	$9,470	$35,725	$62,200	$103,775	$168,090
Minnesota Lake	$17,020	$83,900	$139,500	$213,500	$286,100
Walters	$6,050	$21,425	$36,400	$208,850	$319,850
Wells	$19,700	$69,700	$110,700	$168,200	$260,420
Winnebago	$11,720	$43,600	$97,200	$170,250	$301,690
Alden	N/A	N/A	N/A	N/A	N/A
Amboy	N/A	N/A	N/A	N/A	N/A
Mapleton	N/A	N/A	N/A	N/A	N/A
New Richland	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Faribault County, Minnesota

Property tax bills in Faribault County, MN, are determined by assessing the property's market value and applying the local tax rate. Homeowners in this county experience a range of tax bills, influenced by factors such as the property's assessed value and the specific tax policies of their locality. For instance, the median home price in Faribault County is $99,500. The tax bill at the 25th percentile is $596, which means homeowners with lower-valued properties can expect their tax bills to be around this amount. On the other hand, those at the 75th percentile face tax bills of about $1,896, while the 90th percentile sees bills as high as $3,004. The city of Wells has the highest median tax bill in the county at $1,326, whereas Huntley has the lowest at $568. Compared to the national median property tax bill of $2,400, homeowners in Faribault County generally pay less, which can be a significant factor when considering the cost of owning a home in this region.

Property Tax Bills Across Faribault County, Minnesota

Source: Ownwell

$568

$947

$1,326

Median Faribault County Tax Bill

$1,105

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Faribault County, Minnesota

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Blue Earth	$300	$714	$1,320	$2,048	$3,048
Bricelyn	$110	$485	$784	$1,278	$2,064
Delavan	$61	$450	$705	$1,370	$3,106
Easton	$58	$602	$1,130	$1,724	$2,684
Elmore	$42	$300	$886	$1,574	$2,131
Frost	$98	$627	$928	$1,335	$1,939
Granada	$14	$264	$638	$1,016	$1,998
Huntley	$103	$424	$568	$1,113	$1,382
Kiester	$220	$597	$911	$1,332	$1,937
Minnesota Lake	$147	$724	$1,284	$2,452	$3,498
Walters	$377	$685	$938	$1,400	$2,248
Wells	$202	$747	$1,326	$2,307	$3,492
Winnebago	$116	$478	$1,012	$1,878	$2,910
Alden	N/A	N/A	N/A	N/A	N/A
Amboy	N/A	N/A	N/A	N/A	N/A
Mapleton	N/A	N/A	N/A	N/A	N/A
New Richland	N/A	N/A	N/A	N/A	N/A

Source: Ownwell