Austin, Mower County, Minnesota Property Taxes
Median Austin, MN effective property tax rate: 1.20%, significantly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Austin, MN home value: $142,600
Median annual Austin, MN tax bill: $1,730, $670 lower than the national median property tax bill of $2,400.
How are property taxes in Mower County calculated?
Property taxes in Austin, 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 Austin’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Austin, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Austin, Mower County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.2%
Estimate Property Tax Bill
$1,711
$1,588
Property Tax Rates Across Austin, Mower County, Minnesota
Local government entities determine tax rates, which can differ significantly across a state. This is because each county annually calculates its necessary budget to deliver services and divides that by the total value of all taxable property within its area. This process establishes the property tax rate. While votes and legislation play a role in setting tax rates and budgets, this is the core of the yearly procedure.
In Austin, located in Mower County, Minnesota, the effective property tax rate is 1.20%. This is slightly above the national median property tax rate of 1.02%. The property tax rate in Austin is consistent with the median rate for the entire state of Minnesota, which also stands at 1.20%. This reflects a uniformity in tax rates across the region, with Austin not experiencing the fluctuations that some other areas might.
When compared to the national median property tax bill of $2400, Austin's tax bill aligns with the state's median, indicating a stable and predictable tax environment for property owners.
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 Austin Tax Rate
1.20%
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 Mower County Tax Rate
1.19%
Median Effective Minnesota Tax Rate
1.11%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Austin, Mower County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55912 | 0.89% | 1.06% | 1.20% | 1.32% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Austin, Mower County, Minnesota
When examining property taxes in Austin, 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 Mower 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 Mower 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 Austin. For example, the median home price in Austin is $142,600, with tax bills ranging significantly across the county. Zip code 55912 has the highest median home price at $142,600.
Property Tax Assessment Values Across Austin, Mower County, Minnesota
Source: Ownwell
$131,300
$297,250
$463,200
Median Austin Market Value
$142,600
Median Mower County Market Value
$155,900
Median Minnesota Market Value
$290,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Austin, Mower County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55912 | $46,600 | $92,000 | $142,600 | $218,100 | $345,980 |
Source: Ownwell
Property Tax Bills Across Austin, Mower County, Minnesota
In Austin, located in Mower County, MN, property tax bills are determined by the assessed value of a home, which is multiplied by the local tax rate. With a median home price of $142,600, homeowners' tax bills can vary significantly. For instance, the 25th percentile tax bill is $1,100, while the 75th percentile reaches $2,626, and the 90th percentile climbs to $3,976. The median tax bill in Austin stands at $1,730, which is below the national median of $2,400, offering a comparative advantage to local homeowners. However, even with lower rates, the financial impact can be substantial, especially for those at the higher end of the tax spectrum.
Ownwell assists homeowners in Austin by providing property tax appeal services, potentially reducing their tax burdens. By analyzing property assessments and market conditions, Ownwell identifies opportunities for lowering tax bills. This service can lead to significant savings, helping homeowners manage their expenses more effectively. With expertise in navigating the complexities of property tax systems, Ownwell ensures that residents pay only their fair share, optimizing their financial well-being.
Median Austin Tax Bill
$1,730
Median Mower County Tax Bill
$1,856
Median Minnesota Tax Bill
$3,182
Median United States Tax Bill
$2,400
Property Tax Bills Across Austin, Mower County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55912 | $624 | $1,100 | $1,730 | $2,626 | $3,976 |
Source: Ownwell