Goodhue, Goodhue County, Minnesota Property Taxes

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

Median Goodhue, MN effective property tax rate: 0.97%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Goodhue, MN home value: $317,250
Median annual Goodhue, MN tax bill: $3,258, $858 higher than the national median property tax bill of $2,400.

How are property taxes in Goodhue County calculated?

Property taxes in Goodhue, MN 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 Goodhue’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Goodhue, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Goodhue, Goodhue County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.97%

Estimate Property Tax Bill

$3,077

$2,856

Ownwell’s Goodhue Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Goodhue with just two data points. By entering your property's estimated assessed value, our calculator applies Goodhue’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 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 Goodhue County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Goodhue, Goodhue County, Minnesota

Local government entities determine tax rates, which can significantly vary within a state. Each county, like Goodhue in Minnesota, annually estimates its budget to provide essential services. This budget is then divided by the total value of all taxable property within the county's jurisdiction, resulting in the property tax rate. While laws and votes play a role in setting these rates, this is the basic annual process.

In Goodhue, the effective property tax rate is 0.97%, which aligns with the median rate for Minnesota. This is slightly below the national median property tax rate of 1.02%. Property tax rates in Minnesota can differ greatly from one area to another, but Goodhue's rate is consistent across its zip code 55027. When compared to the national median property tax bill of $2,400, Goodhue's property tax burden is relatively moderate. Understanding these rates helps property owners make informed decisions and potentially save on property taxes through appeals and exemptions.

Property Tax Rates Across Goodhue, Goodhue County, Minnesota

Source: Ownwell

0.45%

0.95%

1.45%

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 Goodhue Tax Rate

0.97%

Median Effective Goodhue County Tax Rate

1.21%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Goodhue, Goodhue County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55027	0.40%	0.68%	0.97%	1.34%	1.43%

Source: Ownwell

Property Tax Assessment Values Across Goodhue, Goodhue County, Minnesota

When examining property taxes in Goodhue, MN, 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 Goodhue County 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. In Goodhue 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 Goodhue. For example, the median home price in Goodhue is $317,250, with tax bills ranging significantly across the county. 55027 has the highest median home price at $317,250.

Property Tax Assessment Values Across Goodhue, Goodhue County, Minnesota

Source: Ownwell

$146,000

$358,350

$570,700

Median Goodhue Market Value

$317,250

Median Goodhue County Market Value

$266,700

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Goodhue, Goodhue County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55027	$126,530	$218,900	$317,250	$480,400	$957,000

Source: Ownwell

Property Tax Bills Across Goodhue, Goodhue County, Minnesota

In Goodhue, Minnesota, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is a percentage of the market value of the property. The tax rate, set by local taxing authorities, is then applied to this assessed value to determine the tax bill. Homeowners in Goodhue can expect a median property tax bill of $3,258, which is notably higher than the national median of $2,400. This higher tax bill can significantly impact homeowners' finances, making it crucial to ensure that their property is not over-assessed.

Ownwell can assist homeowners in Goodhue by reviewing their property assessments and identifying potential discrepancies. By filing appeals and seeking exemptions, Ownwell helps ensure that homeowners are not paying more than their fair share in property taxes. This service not only aids in reducing the immediate financial burden but also provides long-term savings, allowing homeowners to allocate their resources more effectively.

Property Tax Bills Across Goodhue, Goodhue County, Minnesota

Source: Ownwell

$2,074

$2,986

$3,897

Median Goodhue Tax Bill

$3,258

Median Goodhue County Tax Bill

$3,110

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Goodhue, Goodhue County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55027	$1,685	$2,402	$3,258	$4,396	$5,888

Source: Ownwell