Martin County, Minnesota Property Taxes

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

Median Martin County effective property tax rate: 1.14%, significantly higher than the national median of 1.02%.
Median Martin County home value: $139,200
Median annual Martin County tax bill: $1,428, $972 lower than the national median property tax bill of $2,400.

How are property taxes in Martin County calculated?

Property taxes in Martin 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 Fairmont or another part of Martin County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Martin County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.14%

Estimate Property Tax Bill

$1,587

$1,473

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

Property Tax Rates Across Martin County, Minnesota

Local government entities set tax rates, which can vary widely within a state. Annually, 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. Below, you can compare Martin County's effective property tax rate to other counties in Minnesota or the U.S. median property tax rate. With a median property tax rate of 1.14%, Martin County sits slightly above the national median property tax rate of 1.02%. Ceylon, within Martin County, has the highest median tax rate at 2.27%, which is significantly higher than the national average. On the other hand, Alpha boasts the lowest median tax rate in the county at 0.50%, offering a more affordable option for property owners. Understanding these differences can help property owners make informed decisions about where to live or invest in property.

Property Tax Rates Across Martin County, Minnesota

Source: Ownwell

0.50%

1.39%

2.27%

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 Martin County Tax Rate

1.14%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Martin County, Minnesota

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Alpha	0.28%	0.34%	0.50%	0.52%	0.53%
Amboy	N/A	N/A	N/A	N/A	N/A
Blue Earth	0.29%	0.47%	0.76%	0.94%	0.97%
Ceylon	0.49%	0.68%	2.27%	3.64%	4.45%
Dunnell	0.26%	0.46%	1.45%	3.02%	4.73%
Elmore	0.34%	0.64%	0.94%	0.99%	1.42%
Fairmont	0.68%	0.95%	1.17%	1.33%	1.49%
Granada	0.36%	0.74%	0.91%	1.00%	1.21%
Northrop	N/A	N/A	N/A	N/A	N/A
Odin	0.26%	0.36%	0.59%	1.06%	1.25%
Ormsby	0.28%	0.57%	1.04%	1.21%	1.82%
Sherburn	0.37%	0.55%	1.08%	1.51%	1.94%
Trimont	0.32%	0.57%	1.03%	1.19%	1.49%
Truman	0.46%	0.72%	1.17%	1.42%	1.64%
Welcome	0.36%	0.59%	1.15%	1.58%	1.95%
Winnebago	0.17%	0.34%	0.71%	0.91%	0.95%

Source: Ownwell

Property Tax Assessment Values Across Martin County, Minnesota

When examining property taxes in Martin 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 Martin 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 Martin 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 Martin County. For example, the median tax bill in Martin County is $1,073, with tax bills ranging significantly across the county. Winnebago has the highest median home price at $335,650.

Property Tax Assessment Values Across Martin County, Minnesota

Source: Ownwell

$46,300

$190,975

$335,650

Median Martin County Market Value

$139,200

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Martin County, Minnesota

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Alpha	$146,400	$191,450	$266,100	$377,850	$396,100
Amboy	N/A	N/A	N/A	N/A	N/A
Blue Earth	$152,700	$211,750	$303,550	$1,008,350	$1,640,910
Ceylon	$4,300	$19,050	$46,300	$202,950	$348,660
Dunnell	$17,940	$31,600	$67,900	$287,550	$1,432,640
Elmore	$69,340	$193,500	$284,000	$451,100	$1,212,840
Fairmont	$47,780	$81,300	$145,200	$262,200	$424,200
Granada	$30,580	$78,700	$178,000	$326,050	$806,900
Northrop	N/A	N/A	N/A	N/A	N/A
Odin	$141,380	$189,950	$282,700	$794,000	$1,219,140
Ormsby	$16,860	$65,850	$145,900	$397,450	$1,175,640
Sherburn	$28,260	$71,475	$140,700	$273,300	$541,680
Trimont	$32,770	$67,525	$111,050	$217,100	$432,140
Truman	$46,140	$81,625	$133,700	$204,875	$403,250
Welcome	$23,600	$64,400	$114,400	$224,600	$461,040
Winnebago	$128,800	$201,700	$335,650	$487,875	$1,592,300

Source: Ownwell

Property Tax Bills Across Martin County, Minnesota

In Martin County, Minnesota, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value reflects the market value of the property and is a key factor in determining the tax bill. Homeowners in Martin County can expect a median property tax bill that varies significantly, with the 25th percentile at $814 and the 75th percentile reaching $2,456. The highest median tax bill within the county is found in Elmore, at $2,456, while Trimont has the lowest at $1,073. These figures are influenced by the county's tax rate and the specific exemptions or deductions available to homeowners. Compared to the national median property tax bill of $2,400, Martin County's figures indicate a range of tax burdens, affecting homeowners differently based on their property's assessed value. Understanding these factors helps homeowners anticipate their financial obligations and manage their budgets effectively.

Property Tax Bills Across Martin County, Minnesota

Source: Ownwell

$1,073

$1,765

$2,456

Median Martin County Tax Bill

$1,428

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Martin County, Minnesota

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Alpha	$770	$950	$1,121	$1,425	$1,550
Amboy	N/A	N/A	N/A	N/A	N/A
Blue Earth	$1,069	$1,778	$2,265	$4,345	$5,726
Ceylon	$176	$512	$1,078	$1,576	$2,754
Dunnell	$447	$700	$1,132	$1,958	$3,246
Elmore	$1,218	$1,932	$2,456	$3,778	$4,227
Fairmont	$528	$870	$1,560	$2,772	$4,495
Granada	$306	$729	$1,528	$2,555	$3,673
Northrop	N/A	N/A	N/A	N/A	N/A
Odin	$934	$1,612	$2,348	$2,871	$4,670
Ormsby	$262	$680	$1,474	$2,381	$3,286
Sherburn	$414	$818	$1,382	$2,206	$3,335
Trimont	$344	$612	$1,073	$1,653	$2,574
Truman	$509	$900	$1,409	$2,153	$3,008
Welcome	$254	$667	$1,232	$1,887	$2,898
Winnebago	$893	$1,396	$2,200	$3,044	$3,925

Source: Ownwell