Le Sueur, Le Sueur County, Minnesota Property Taxes
Median LE SUEUR, MN effective property tax rate: 1.53%, significantly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median LE SUEUR, MN home value: $239,600
Median annual LE SUEUR, MN tax bill: $3,451, $1,051 higher than the national median property tax bill of $2,400.
How are property taxes in Le Sueur calculated?
Property taxes in LE SUEUR, 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 LE SUEUR’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in LE SUEUR, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Le Sueur, Le Sueur County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.53%
Estimate Property Tax Bill
$3,666
$3,402
Property Tax Rates Across Le Sueur, Le Sueur County, Minnesota
Local government entities set tax rates, which can vary widely within a state. 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.
Le Sueur in Minnesota has an effective property tax rate of 1.53%, which is above the national median property tax rate of 1.02%. This rate is consistent across the region, with the highest and lowest median tax rates both at 1.53% in the 56058 zip code. When compared to the national median property tax bill of $2,400, the local rates can significantly impact the property tax bills homeowners receive. Understanding these rates is crucial for homeowners looking to manage their property tax expenses effectively. By staying informed and considering property tax appeal and exemption services, homeowners in Le Sueur can potentially lower their tax burden and save money.
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 Le Sueur Tax Rate
1.53%
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 Le Sueur County Tax Rate
1.14%
Median Effective Minnesota Tax Rate
1.11%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Le Sueur, Le Sueur County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56058 | 0.81% | 0.99% | 1.53% | 1.63% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across Le Sueur, Le Sueur County, Minnesota
When examining property taxes in Le Sueur, 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 Le Sueur County appraisal district 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 Le Sueur County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. 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 Le Sueur. For example, the median home price in Le Sueur is $239,600, with tax bills ranging significantly across the county. Zip code 56058 has the highest median home price at $239,600.
Property Tax Assessment Values Across Le Sueur, Le Sueur County, Minnesota
Source: Ownwell
$239,600
$350,275
$460,950
Median Le Sueur Market Value
$239,600
Median Le Sueur County Market Value
$290,800
Median Minnesota Market Value
$290,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Le Sueur, Le Sueur County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56058 | $113,200 | $177,900 | $239,600 | $341,400 | $469,720 |
Source: Ownwell
Property Tax Bills Across Le Sueur, Le Sueur County, Minnesota
In Le Sueur, MN, 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 then multiplied by the local tax rate to determine the annual property tax bill. Factors such as property size, location, and market conditions play a significant role in determining the assessed value. Homeowners in Le Sueur face a median property tax bill of $3,451, which is higher than the national median of $2,400. This can place a financial strain on homeowners, especially when compared to the national median property tax rate of 1.02%.
Ownwell assists homeowners in Le Sueur by providing property tax appeal services, which can lead to a reduction in their tax bills. By analyzing property data and market trends, Ownwell identifies opportunities for appealing and potentially lowering the assessed value. This service helps homeowners ensure they are not overpaying on their property taxes, providing them with much-needed financial relief.
Median Le Sueur Tax Bill
$3,451
Median Le Sueur County Tax Bill
$3,200
Median Minnesota Tax Bill
$3,182
Median United States Tax Bill
$2,400
Property Tax Bills Across Le Sueur, Le Sueur County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56058 | $1,327 | $2,530 | $3,451 | $4,480 | $5,860 |
Source: Ownwell