Mcleod County, Minnesota Property Taxes

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

Median McLeod County effective property tax rate: 1.47%, significantly higher than the national median of 1.02%.
Median McLeod County home value: $25,200
Median annual McLeod County tax bill: $460, $1,940 lower than the national median property tax bill of $2,400.

How are property taxes in McLeod County calculated?

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

Last Updated March 1, 2025

Mcleod County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.47%

Estimate Property Tax Bill

$370

$344

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

Property Tax Rates Across Mcleod County, Minnesota

Local government entities set tax rates, which can vary significantly within Minnesota. Each county estimates its required budget annually 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.

In McLeod County, the effective property tax rate is 1.47%, which is higher than the national median property tax rate of 1.02%. Within Minnesota, the highest median tax rate is found in Stewart at 2.48%, while the lowest is in Silver Lake at 0.94%. McLeod County's rate positions it above the national median, indicating a relatively higher property tax burden for its residents compared to the national average. However, it remains lower than the highest rates in the state, offering a more moderate tax environment compared to cities like Stewart. Understanding these variations can help property owners in McLeod County make informed decisions about their property tax appeals and exemptions.

Property Tax Rates Across Mcleod County, Minnesota

Source: Ownwell

0.94%

1.71%

2.48%

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 Mcleod County Tax Rate

1.47%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mcleod County, Minnesota

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Brownton	0.75%	0.80%	0.97%	2.43%	2.74%
Glencoe	0.83%	1.15%	1.50%	1.82%	1.83%
Hutchinson	0.89%	1.07%	1.49%	1.84%	2.08%
Lester Prairie	0.86%	0.97%	1.29%	1.86%	2.25%
Plato	N/A	N/A	N/A	N/A	N/A
Silver Lake	0.73%	0.80%	0.94%	1.80%	2.09%
Stewart	1.11%	2.05%	2.48%	5.73%	9.49%
Winsted	1.27%	1.29%	1.31%	1.84%	2.00%

Source: Ownwell

Property Tax Assessment Values Across Mcleod County, Minnesota

When examining property taxes in McLeod 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 McLeod 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 McLeod 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 McLeod County. For example, the median tax bill in McLeod County is $554, with tax bills ranging significantly across the county. Silver Lake has the highest median home price at $43,800.

Property Tax Assessment Values Across Mcleod County, Minnesota

Source: Ownwell

$11,000

$27,400

$43,800

Median Mcleod County Market Value

$25,200

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mcleod County, Minnesota

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Brownton	$6,100	$10,800	$35,200	$106,875	$185,600
Glencoe	$2,370	$20,900	$34,400	$49,075	$89,460
Hutchinson	$1,460	$10,600	$25,600	$49,700	$97,780
Lester Prairie	$4,400	$11,900	$24,300	$50,450	$126,440
Plato	N/A	N/A	N/A	N/A	N/A
Silver Lake	$1,320	$18,375	$43,800	$62,475	$109,500
Stewart	$4,220	$5,850	$11,000	$20,000	$95,790
Winsted	$8,630	$9,600	$12,700	$20,975	$53,870

Source: Ownwell

Property Tax Bills Across Mcleod County, Minnesota

In McLeod County, MN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the tax bill. The median home price in the county is $25,200, which is significantly lower than the national median. As a result, property tax bills in McLeod County tend to be lower, with the median tax bill being $554, notably less than the national median of $2,400. Factors such as location within the county can influence the tax bill. For instance, homeowners in Brownton face the highest median tax bill of $554, while those in Winsted enjoy the lowest at $172. The 25th percentile tax bill is $232, while the 75th percentile is $682, and the 90th percentile reaches $1,261. These variations can impact homeowners' financial planning and budgeting, making it important to understand how property taxes are determined and what factors may affect them.

Property Tax Bills Across Mcleod County, Minnesota

Source: Ownwell

$172

$363

$554

Median Mcleod County Tax Bill

$460

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Mcleod County, Minnesota

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Brownton	$59	$249	$554	$1,009	$1,934
Glencoe	$322	$380	$512	$656	$1,033
Hutchinson	$72	$310	$484	$706	$1,447
Lester Prairie	$49	$186	$490	$682	$1,748
Plato	N/A	N/A	N/A	N/A	N/A
Silver Lake	$53	$346	$421	$592	$861
Stewart	$153	$270	$499	$1,451	$2,060
Winsted	$116	$126	$172	$290	$805

Source: Ownwell