Litchfield, Meeker County, Minnesota Property Taxes

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

Median Litchfield, MN effective property tax rate: 1.00%, slightly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Litchfield, MN home value: $205,100
Median annual Litchfield, MN tax bill: $1,976, $424 lower than the national median property tax bill of $2,400.

How are property taxes in Meeker calculated?

Property taxes in Litchfield, 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 Litchfield’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Litchfield, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Litchfield, Meeker County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

Estimate Property Tax Bill

$2,051

$1,903

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

Property Tax Rates Across Litchfield, Meeker County, Minnesota

Local government entities in Minnesota set tax rates, which can vary widely across the state. Each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This process results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell. In Litchfield, located in Meeker County, the effective property tax rate is 1.00%, which aligns with the median rate for Minnesota. This rate is slightly below the national median property tax rate of 1.02%. Homeowners in Litchfield might find some relief knowing that their property tax rate is comparable to the state median and slightly lower than the national average. However, it's worth noting that even within Minnesota, tax rates can vary, making it important for homeowners to stay informed about their specific obligations.

Property Tax Rates Across Litchfield, Meeker County, Minnesota

Source: Ownwell

0.66%

0.99%

1.31%

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 Litchfield Tax Rate

1.00%

Median Effective Meeker County Tax Rate

0.88%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Litchfield, Meeker County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55355	0.67%	0.80%	1.00%	1.14%	1.24%

Source: Ownwell

Property Tax Assessment Values Across Litchfield, Meeker County, Minnesota

When examining property taxes in Litchfield, 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 Meeker County Assessor's Office 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 Meeker County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Litchfield. For example, the median home price in Litchfield is $205,100, with tax bills ranging significantly across the county. Zip code 55355 has the highest median home price at $205,100.

Property Tax Assessment Values Across Litchfield, Meeker County, Minnesota

Source: Ownwell

$127,900

$256,700

$385,500

Median Litchfield Market Value

$205,100

Median Meeker County Market Value

$230,100

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Litchfield, Meeker County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55355	$83,460	$138,450	$205,100	$298,450	$431,040

Source: Ownwell

Property Tax Bills Across Litchfield, Meeker County, Minnesota

In Litchfield, located in Meeker County, MN, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. With a median home price of $205,100, homeowners in this area face property tax bills that can range significantly. The median tax bill is $1,976, slightly below the national median of $2,400. However, some homeowners pay as low as $1,271 or as high as $4,183, depending on their property's assessed value and applicable exemptions. This variability highlights the importance of understanding how property taxes are calculated and the potential savings available through appeals or exemptions. Ownwell can assist homeowners by reviewing their property assessments to identify inaccuracies or opportunities for tax reductions. By leveraging local expertise and knowledge of tax regulations, Ownwell can guide homeowners through the appeal process, potentially lowering their tax burden and ensuring they pay only their fair share. This service can be especially beneficial for those whose tax bills fall at the higher end of the spectrum.

Property Tax Bills Across Litchfield, Meeker County, Minnesota

Source: Ownwell

$1,570

$2,202

$2,834

Median Litchfield Tax Bill

$1,976

Median Meeker County Tax Bill

$2,075

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Litchfield, Meeker County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55355	$687	$1,271	$1,976	$2,902	$4,183

Source: Ownwell