Goodhue County Property Taxes
The median property tax rate in Goodhue County is 1.21%, which is notably higher than both the national median of 0.99% and the Minnesota state median of 1.11%. With a median home value of $266,700, the typical annual property tax bill in Goodhue County comes to $3,110, surpassing the national median of $2,690. Property taxes in Goodhue County are based on the assessed value, which is often lower than the actual market value due to various exemptions like those for primary residences and agricultural properties. Understanding Goodhue County's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you reside in Red Wing or another part of Goodhue County, gaining a comprehensive understanding of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Goodhue County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$3,227
Ownwell’s Goodhue County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Goodhue County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Goodhue 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 Goodhue County, Minnesota
Property taxes in Goodhue County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Goodhue County is 1.21%, which is higher than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Goodhue County set these rates annually, and they can vary significantly between different areas within the county. Each year, Goodhue 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 Goodhue County's effective property tax rate with other counties in Minnesota and the national median. For comparison, the city of Pine Island has one of the higher property tax rates in Minnesota at 1.45%, while the city of West Concord boasts one of the lowest at 0.45%. Analyzing how Goodhue County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Goodhue County Tax Rate
1.21%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Goodhue County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bellechester | 1.09% | 1.17% | 1.24% | 1.32% | 1.38% |
| Cannon Falls | 0.68% | 0.79% | 1.04% | 1.21% | 1.29% |
| Dennison | 0.41% | 0.68% | 0.85% | 0.94% | 1.47% |
| Frontenac | 0.81% | 0.86% | 0.91% | 0.97% | 1.00% |
| Goodhue | 0.40% | 0.68% | 0.97% | 1.34% | 1.43% |
| Hastings | 0.51% | 0.79% | 0.86% | 0.88% | 0.92% |
| Kenyon | 0.46% | 0.82% | 1.30% | 1.43% | 1.52% |
| Lake City | 0.81% | 0.90% | 0.97% | 1.28% | 1.33% |
| Mazeppa | 0.39% | 0.56% | 0.86% | 0.97% | 1.07% |
| Nerstrand | 0.34% | 0.44% | 0.70% | 0.82% | 0.85% |
| Northfield | 0.81% | 0.91% | 1.09% | 1.09% | 1.09% |
| Pine Island | 0.78% | 1.22% | 1.45% | 1.54% | 1.64% |
| Randolph | 0.68% | 0.69% | 0.73% | 0.75% | 0.79% |
| Red Wing | 0.79% | 1.13% | 1.25% | 1.34% | 1.37% |
| Wanamingo | 0.52% | 0.90% | 1.35% | 1.42% | 1.48% |
| Welch | 0.50% | 0.70% | 0.80% | 0.88% | 1.27% |
| West Concord | 0.29% | 0.38% | 0.45% | 0.67% | 0.81% |
| Zumbrota | 0.70% | 1.01% | 1.25% | 1.33% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Goodhue County, Minnesota
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Goodhue 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 Goodhue 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 Goodhue 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. For instance, Pine Island has the highest median tax bill at $3,897, while Frontenac has the lowest at $2,074. 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 Goodhue 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 Goodhue County, Minnesota
Source: Ownwell
$146,000
$358,350
$570,700
Average Goodhue County Assessed Value
$266,700
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Goodhue County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bellechester | $9,850 | $31,825 | $146,000 | $183,700 | $232,600 |
| Cannon Falls | $23,750 | $203,950 | $303,000 | $446,275 | $608,100 |
| Dennison | $120,040 | $233,100 | $352,000 | $536,700 | $809,920 |
| Frontenac | $26,410 | $130,425 | $221,600 | $396,200 | $562,870 |
| Goodhue | $126,530 | $218,900 | $317,250 | $480,400 | $957,000 |
| Hastings | $256,730 | $344,575 | $408,400 | $616,500 | $839,910 |
| Kenyon | $76,800 | $154,800 | $224,500 | $331,950 | $571,500 |
| Lake City | $15,820 | $209,525 | $303,500 | $411,675 | $538,590 |
| Mazeppa | $237,700 | $281,200 | $441,500 | $531,500 | $907,000 |
| Nerstrand | $208,100 | $278,900 | $367,900 | $773,800 | $1,265,540 |
| Northfield | $309,520 | $319,900 | $337,200 | $350,500 | $358,480 |
| Pine Island | $90,340 | $196,600 | $287,500 | $383,150 | $516,620 |
| Randolph | $253,300 | $341,725 | $454,700 | $677,475 | $693,900 |
| Red Wing | $94,500 | $167,300 | $236,600 | $338,200 | $474,740 |
| Wanamingo | $92,310 | $196,075 | $255,050 | $336,325 | $492,130 |
| Welch | $100,270 | $262,650 | $390,900 | $562,250 | $765,060 |
| West Concord | $317,930 | $355,000 | $570,700 | $1,263,500 | $1,755,020 |
| Zumbrota | $110,750 | $206,925 | $288,750 | $396,600 | $527,250 |
Source: Ownwell
Property Tax Bills Across Goodhue County, Minnesota
In Goodhue County, MN, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is determined by the county assessor and is meant to reflect the property's market value. Several factors influence the assessed value, including the property's size, location, and condition. Local tax rates are set by various taxing authorities, such as school districts, municipalities, and county governments, which collectively determine the final tax rate applied to the assessed value. Homeowners in Goodhue County experience a wide range of property tax bills. The 25th percentile tax bill is $2,246, while the 75th percentile tax bill is $4,250. For those in the 90th percentile, the tax bill can reach up to $5,716. The city of Pine Island has the highest median tax bill at $3,897, whereas Frontenac has the lowest at $2,074. These tax bills can significantly impact homeowners' finances, making it crucial to understand how they are calculated and what factors influence them.
Average Goodhue County Tax Bill
$3,110
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Goodhue County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bellechester | $584 | $1,294 | $2,080 | $2,500 | $3,142 |
| Cannon Falls | $1,417 | $2,400 | $3,208 | $4,218 | $5,619 |
| Dennison | $1,351 | $2,212 | $2,997 | $4,120 | $5,277 |
| Frontenac | $440 | $1,260 | $2,074 | $3,810 | $5,444 |
| Goodhue | $1,685 | $2,402 | $3,258 | $4,396 | $5,888 |
| Hastings | $2,003 | $2,508 | $3,405 | $4,110 | $6,256 |
| Kenyon | $1,375 | $2,014 | $2,661 | $3,562 | $4,706 |
| Lake City | $1,718 | $2,742 | $3,428 | $4,318 | $5,548 |
| Mazeppa | $1,823 | $2,538 | $3,215 | $4,387 | $5,527 |
| Nerstrand | $1,637 | $2,048 | $2,630 | $3,610 | $4,780 |
| Northfield | $2,808 | $2,994 | $3,304 | $3,482 | $3,589 |
| Pine Island | $1,893 | $2,731 | $3,897 | $5,316 | $6,627 |
| Randolph | $1,761 | $2,352 | $3,197 | $5,027 | $5,459 |
| Red Wing | $1,496 | $2,114 | $2,934 | $4,032 | $5,592 |
| Wanamingo | $1,717 | $2,328 | $3,067 | $4,112 | $5,043 |
| Welch | $1,392 | $2,209 | $3,234 | $4,455 | $6,178 |
| West Concord | $1,870 | $2,036 | $3,148 | $5,062 | $5,810 |
| Zumbrota | $1,701 | $2,494 | $3,438 | $4,646 | $6,102 |
Source: Ownwell