Le Sueur County Property Taxes
The median property tax rate in Le Sueur County is 1.14%, which is higher than both the national median of 0.99% and the Minnesota state median of 1.11%. With a median home value of $290,800 in Le Sueur County, the typical annual property tax bill reaches $3,200, surpassing the national median of $2,690. Property taxes in Le Sueur County are calculated based on the tax assessed value, which usually falls below the actual market value due to various property tax exemptions like primary residence and agricultural exemptions. Understanding Le Sueur 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 Le Sueur or another part of the county, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Le Sueur County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$3,315
Ownwell’s Le Sueur Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Le Sueur with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Le Sueur 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 Le Sueur County, Minnesota
Property taxes in Le Sueur County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Le Sueur County is 1.14%, which is higher than both the Minnesota state median and the U.S. national median of 0.99%. Local government entities within Le Sueur County set these rates annually, and they can vary significantly between different areas within the county. Each year, Le Sueur 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. For comparison, the city of Le Sueur has one of the higher property tax rates in Minnesota at 1.53%, while the city of Belle Plaine boasts one of the lowest at 0.82%. Analyzing how Le Sueur County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Le Sueur County Tax Rate
1.14%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Le Sueur County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belle Plaine | 0.35% | 0.47% | 0.82% | 0.89% | 0.92% |
| Cleveland | 0.79% | 0.90% | 1.02% | 1.33% | 1.41% |
| Elysian | 0.69% | 0.80% | 1.08% | 1.29% | 1.37% |
| Henderson | 0.43% | 0.63% | 0.97% | 1.00% | 1.00% |
| Kasota | 0.77% | 0.89% | 0.95% | 1.00% | 1.08% |
| Kilkenny | 0.48% | 0.79% | 0.88% | 1.11% | 1.35% |
| Le Center | 0.54% | 0.84% | 1.18% | 1.33% | 1.48% |
| Le Sueur | 0.81% | 0.99% | 1.53% | 1.63% | 1.83% |
| Madison Lake | 0.76% | 0.90% | 1.00% | 1.13% | 1.23% |
| Montgomery | 0.87% | 0.98% | 1.28% | 1.36% | 1.46% |
| New Prague | 0.88% | 0.94% | 1.21% | 1.29% | 1.30% |
| Saint Peter | 0.82% | 0.93% | 0.97% | 1.03% | 1.13% |
| Waterville | 0.74% | 0.83% | 1.10% | 1.20% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Le Sueur County, Minnesota
In Le Sueur 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 Le Sueur 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 Le Sueur 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 Le Sueur County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Homeowners in Madison Lake face the highest median tax bill at $4,410, while those in Kilkenny see the lowest at $2,360.
Property Tax Assessment Values Across Le Sueur County, Minnesota
Source: Ownwell
$239,600
$350,275
$460,950
Average Le Sueur County Assessed Value
$290,800
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Le Sueur County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belle Plaine | $280,770 | $354,125 | $419,950 | $705,200 | $1,120,390 |
| Cleveland | $158,100 | $211,900 | $310,300 | $454,100 | $625,100 |
| Elysian | $125,450 | $212,850 | $355,450 | $503,075 | $701,510 |
| Henderson | $316,500 | $387,100 | $450,600 | $612,500 | $991,780 |
| Kasota | $63,570 | $155,825 | $272,350 | $396,400 | $566,780 |
| Kilkenny | $96,100 | $146,300 | $279,500 | $435,900 | $587,260 |
| Le Center | $135,120 | $182,800 | $253,400 | $379,700 | $593,780 |
| Le Sueur | $113,200 | $177,900 | $239,600 | $341,400 | $469,720 |
| Madison Lake | $158,700 | $298,125 | $460,950 | $661,150 | $886,440 |
| Montgomery | $152,660 | $198,150 | $261,050 | $358,875 | $512,680 |
| New Prague | $203,990 | $263,650 | $363,800 | $442,700 | $550,410 |
| Saint Peter | $204,400 | $275,700 | $395,000 | $528,800 | $637,200 |
| Waterville | $107,260 | $173,075 | $257,200 | $366,950 | $513,950 |
Source: Ownwell
Property Tax Bills Across Le Sueur County, Minnesota
In Le Sueur County, MN, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as property improvements, market conditions, and neighborhood trends influence the assessed value. For example, the median home price in Le Sueur County is $290,800, and homeowners here face varying tax bills. The 25th percentile tax bill stands at $2,294, while the 75th percentile reaches $4,430, and the 90th percentile goes up to $5,766. The highest median tax bill in the county is in Madison Lake at $4,410, significantly higher than the national median property tax rate of 0.99%. Conversely, Kilkenny has the lowest median tax bill at $2,360. These tax bills impact homeowners by affecting their annual housing costs, influencing decisions on property purchases, and potentially impacting the overall affordability of living in Le Sueur County.
Average Le Sueur County Tax Bill
$3,200
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Le Sueur County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belle Plaine | $1,684 | $2,626 | $3,497 | $4,464 | $6,041 |
| Cleveland | $1,512 | $2,474 | $3,194 | $4,614 | $6,228 |
| Elysian | $1,145 | $2,190 | $3,378 | $4,884 | $6,535 |
| Henderson | $2,387 | $3,130 | $3,994 | $4,686 | $6,746 |
| Kasota | $567 | $1,386 | $2,391 | $3,830 | $5,542 |
| Kilkenny | $854 | $1,576 | $2,360 | $3,524 | $4,666 |
| Le Center | $1,383 | $2,148 | $2,762 | $3,618 | $4,627 |
| Le Sueur | $1,327 | $2,530 | $3,451 | $4,480 | $5,860 |
| Madison Lake | $1,194 | $2,557 | $4,410 | $6,791 | $9,294 |
| Montgomery | $1,800 | $2,474 | $3,258 | $4,262 | $5,192 |
| New Prague | $2,256 | $2,874 | $3,763 | $5,112 | $5,894 |
| Saint Peter | $1,794 | $2,466 | $3,704 | $5,182 | $6,868 |
| Waterville | $975 | $1,864 | $2,522 | $3,390 | $4,478 |
Source: Ownwell