Lincoln County, Minnesota Property Taxes
Median Lincoln County effective property tax rate: 0.54%, significantly lower than the national median of 1.02%.
Median Lincoln County home value: $232,300
Median annual Lincoln County tax bill: $1,300, $1,100 lower than the national median property tax bill of $2,400.
How are property taxes in Lincoln County calculated?
Property taxes in Lincoln County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Ivanhoe or another part of Lincoln County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lincoln County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.54%
Estimate Property Tax Bill
$1,254
$1,164
Property Tax Rates Across Lincoln County, Minnesota
Local government entities set tax rates, which can vary widely within a state. Each county annually estimates the budget needed to provide services and divides it by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws influence tax rates and budgets, this is essentially the annual process.
In Lincoln County, Minnesota, the effective property tax rate is lower than the national median property tax rate of 1.02%. Within the county, Hendricks has the highest median tax rate, while Verdi has the lowest. This variance highlights the differences in budgetary needs and property values across the county. Comparing Lincoln County's tax rate to other counties in Minnesota or the U.S. median can provide valuable insights for property owners. Understanding these differences can help homeowners make informed decisions about property investments and tax appeals.
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 Lincoln County Tax Rate
0.54%
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 Minnesota Tax Rate
1.11%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lincoln County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arco | 0.19% | 0.30% | 0.45% | 2.07% | 2.95% |
| Canby | 0.17% | 0.19% | 0.30% | 0.47% | 0.76% |
| Elkton | N/A | N/A | N/A | N/A | N/A |
| Hendricks | 0.18% | 0.33% | 0.72% | 1.48% | 1.80% |
| Ivanhoe | 0.18% | 0.26% | 0.51% | 1.33% | 1.65% |
| Lake Benton | 0.18% | 0.33% | 0.55% | 1.04% | 1.34% |
| Minneota | 0.17% | 0.18% | 0.29% | 0.34% | 0.47% |
| Pipestone | N/A | N/A | N/A | N/A | N/A |
| Porter | 0.19% | 0.21% | 0.30% | 0.41% | 0.70% |
| Ruthton | N/A | N/A | N/A | N/A | N/A |
| Taunton | 0.19% | 0.23% | 0.33% | 0.45% | 0.54% |
| Tyler | 0.20% | 0.37% | 0.67% | 0.95% | 1.21% |
| Verdi | 0.17% | 0.26% | 0.42% | 0.85% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Lincoln County, Minnesota
When examining property taxes in Lincoln County, 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 Lincoln County Assessor 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.
Assessment notices: In Lincoln 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 Lincoln County. For example, the median tax bill in Lincoln County is $1,914, with tax bills ranging significantly across the county. Minneota has the highest median home price at $605,000.
Property Tax Assessment Values Across Lincoln County, Minnesota
Source: Ownwell
$185,200
$395,100
$605,000
Median Lincoln County Market Value
$232,300
Median Minnesota Market Value
$290,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lincoln County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arco | $6,480 | $41,250 | $311,300 | $693,950 | $1,127,820 |
| Canby | $114,720 | $246,675 | $441,050 | $895,200 | $1,286,280 |
| Elkton | N/A | N/A | N/A | N/A | N/A |
| Hendricks | $18,700 | $77,975 | $209,350 | $454,125 | $970,130 |
| Ivanhoe | $30,140 | $78,500 | $227,000 | $630,500 | $1,147,740 |
| Lake Benton | $22,000 | $77,400 | $202,500 | $482,500 | $1,055,400 |
| Minneota | $323,780 | $499,450 | $605,000 | $1,176,550 | $1,814,860 |
| Pipestone | N/A | N/A | N/A | N/A | N/A |
| Porter | $169,760 | $318,700 | $599,000 | $1,125,800 | $1,362,220 |
| Ruthton | N/A | N/A | N/A | N/A | N/A |
| Taunton | $150,360 | $307,300 | $598,000 | $1,225,075 | $1,708,890 |
| Tyler | $32,600 | $92,500 | $185,200 | $435,100 | $955,560 |
| Verdi | $7,870 | $30,175 | $203,050 | $753,325 | $1,506,280 |
Source: Ownwell
Property Tax Bills Across Lincoln County, Minnesota
In Lincoln County, MN, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and is a percentage of the property's market value. The local tax rate is applied to this assessed value to calculate the annual tax bill. Various factors, such as changes in market conditions and local government budget needs, influence these tax rates and assessed values. Homeowners in Lincoln County can expect property tax bills that range significantly, reflecting the diversity in property values and locations within the county.
The median home price in Lincoln County stands at $232,300, with property tax bills ranging from $600 at the 25th percentile to $3,605 at the 90th percentile. Comparatively, the national median property tax bill is $2,400. In Lincoln County, cities like Porter and Verdi show variation, with Porter having the highest median tax bill of $1,914 and Verdi the lowest at $966. These tax bills directly impact homeowners' annual financial obligations, influencing decisions about buying, selling, or renovating properties.
Median Lincoln County Tax Bill
$1,300
Median Minnesota Tax Bill
$3,182
Median United States Tax Bill
$2,400
Property Tax Bills Across Lincoln County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arco | $101 | $646 | $1,402 | $2,347 | $3,178 |
| Canby | $496 | $782 | $1,460 | $2,473 | $3,822 |
| Elkton | N/A | N/A | N/A | N/A | N/A |
| Hendricks | $186 | $604 | $1,440 | $2,434 | $3,955 |
| Ivanhoe | $280 | $636 | $1,261 | $2,178 | $3,420 |
| Lake Benton | $131 | $540 | $1,220 | $2,234 | $3,293 |
| Minneota | $898 | $1,034 | $1,790 | $3,507 | $6,486 |
| Pipestone | N/A | N/A | N/A | N/A | N/A |
| Porter | $666 | $1,104 | $1,914 | $3,296 | $4,454 |
| Ruthton | N/A | N/A | N/A | N/A | N/A |
| Taunton | $517 | $1,004 | $1,794 | $3,279 | $4,822 |
| Tyler | $226 | $568 | $1,178 | $2,146 | $3,277 |
| Verdi | $98 | $162 | $966 | $2,156 | $3,739 |
Source: Ownwell