Fillmore County Property Taxes
The median property tax rate in Fillmore County is 0.81%, which is notably lower than both the national median of 0.99% and the Minnesota state median of 1.11%. With a median home value of $193,600 in Fillmore County, the typical annual property tax bill is around $1,586, significantly less than the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is generally lower than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Fillmore 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 Preston or another part of Fillmore County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fillmore 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 Fillmore County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Fillmore County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Fillmore 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 Fillmore County, Minnesota
Property taxes in Fillmore County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Fillmore County is 0.81%, which is lower than the U.S. national median of 0.99%. Local government entities within Fillmore County set these rates annually, and they can vary significantly between different areas within the county. Each year, Fillmore 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 Fillmore County's effective property tax rate with other counties in Minnesota and the national median. For comparison, the city of Chatfield has one of the higher property tax rates in Minnesota at 1.21%, while the city of Le Roy boasts one of the lowest at 0.55%. Analyzing how Fillmore County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Fillmore County Tax Rate
0.81%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fillmore County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Canton | 0.26% | 0.49% | 0.72% | 0.96% | 1.26% |
| Chatfield | 0.34% | 0.57% | 1.21% | 1.39% | 1.48% |
| Fountain | 0.23% | 0.43% | 0.62% | 0.85% | 0.96% |
| Harmony | 0.22% | 0.44% | 0.73% | 1.02% | 1.32% |
| Lanesboro | 0.26% | 0.44% | 0.69% | 1.23% | 1.46% |
| Le Roy | 0.18% | 0.28% | 0.55% | 0.84% | 0.96% |
| Mabel | 0.27% | 0.50% | 0.90% | 1.21% | 1.46% |
| Ostrander | 0.35% | 0.74% | 0.92% | 1.08% | 1.40% |
| Peterson | 0.25% | 0.40% | 0.63% | 0.86% | 1.20% |
| Preston | 0.23% | 0.43% | 0.78% | 1.14% | 1.47% |
| Racine | 0.28% | 0.35% | 0.62% | 0.65% | 0.77% |
| Rushford | 0.61% | 0.72% | 1.01% | 1.14% | 1.39% |
| Spring Grove | 0.21% | 0.28% | 0.36% | 0.47% | 0.51% |
| Spring Valley | 0.30% | 0.57% | 0.89% | 1.25% | 1.53% |
| Stewartville | 0.26% | 0.40% | 0.59% | 0.74% | 0.82% |
| Utica | 0.22% | 0.55% | 0.65% | 0.85% | 0.92% |
| Wykoff | 0.26% | 0.48% | 0.79% | 1.04% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Fillmore County, Minnesota
In Fillmore 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 Fillmore 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 Fillmore 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. Being aware of these valuation processes in Fillmore County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Stewartville has the highest median tax bill at $2,607, while Canton has the lowest at $1,030.
Property Tax Assessment Values Across Fillmore County, Minnesota
Source: Ownwell
$136,600
$262,150
$387,700
Average Fillmore County Assessed Value
$193,600
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fillmore County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Canton | $28,040 | $74,825 | $137,050 | $259,850 | $541,660 |
| Chatfield | $117,300 | $187,000 | $279,800 | $407,400 | $626,040 |
| Fountain | $108,000 | $163,100 | $243,500 | $422,100 | $762,280 |
| Harmony | $49,600 | $112,200 | $174,200 | $310,800 | $718,220 |
| Lanesboro | $67,140 | $133,800 | $231,300 | $399,400 | $818,660 |
| Le Roy | $130,650 | $184,675 | $311,700 | $821,100 | $1,515,300 |
| Mabel | $36,470 | $87,925 | $143,550 | $258,000 | $598,950 |
| Ostrander | $16,160 | $86,500 | $136,600 | $194,600 | $585,940 |
| Peterson | $51,560 | $116,425 | $235,550 | $459,050 | $812,330 |
| Preston | $35,000 | $113,875 | $187,950 | $328,650 | $632,730 |
| Racine | $217,680 | $256,875 | $359,800 | $531,525 | $837,060 |
| Rushford | $28,170 | $127,200 | $198,750 | $283,575 | $424,180 |
| Spring Grove | $145,540 | $190,825 | $255,150 | $626,900 | $1,202,450 |
| Spring Valley | $42,730 | $115,975 | $174,950 | $284,300 | $523,140 |
| Stewartville | $176,440 | $275,250 | $387,700 | $627,350 | $1,746,620 |
| Utica | $174,180 | $181,300 | $243,800 | $388,200 | $766,120 |
| Wykoff | $24,880 | $100,400 | $159,600 | $303,500 | $731,500 |
Source: Ownwell
Property Tax Bills Across Fillmore County, Minnesota
In Fillmore County, MN, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The tax rate is applied to this assessed value to calculate the annual tax bill. Several factors influence the tax bill, including the home's market value, local tax rates, and any applicable exemptions or deductions. Homeowners in Fillmore County experience a range of property tax bills. At the 25th percentile, the tax bill is $912, while at the 75th percentile, it rises to $2,432. For those at the 90th percentile, the tax bill can reach up to $3,465. Compared to the national median property tax rate of 0.99%, Fillmore County's tax rates can vary significantly, impacting homeowners differently based on their property's assessed value. The highest median tax bill in the region is found in Stewartville at $2,607, while Canton has the lowest median tax bill at $1,030. These variations highlight how location and property value play crucial roles in determining the financial obligations of homeowners in Fillmore County.
Average Fillmore County Tax Bill
$1,586
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Fillmore County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Canton | $300 | $618 | $1,030 | $1,620 | $2,636 |
| Chatfield | $744 | $1,716 | $2,548 | $3,774 | $5,140 |
| Fountain | $500 | $1,034 | $1,578 | $2,206 | $2,833 |
| Harmony | $314 | $776 | $1,342 | $1,991 | $2,936 |
| Lanesboro | $474 | $1,082 | $1,750 | $2,696 | $3,802 |
| Le Roy | $788 | $1,107 | $1,716 | $2,899 | $4,304 |
| Mabel | $310 | $757 | $1,252 | $1,877 | $2,722 |
| Ostrander | $191 | $740 | $1,185 | $1,812 | $2,417 |
| Peterson | $374 | $867 | $1,556 | $2,301 | $3,338 |
| Preston | $230 | $810 | $1,398 | $2,124 | $3,148 |
| Racine | $1,204 | $1,356 | $1,872 | $2,842 | $3,440 |
| Rushford | $252 | $1,146 | $1,866 | $2,746 | $3,411 |
| Spring Grove | $615 | $669 | $1,393 | $2,097 | $2,195 |
| Spring Valley | $326 | $956 | $1,620 | $2,318 | $3,152 |
| Stewartville | $899 | $1,984 | $2,607 | $3,551 | $4,861 |
| Utica | $829 | $1,530 | $1,644 | $2,316 | $2,892 |
| Wykoff | $245 | $753 | $1,364 | $1,896 | $2,487 |
Source: Ownwell