Olmsted County, Minnesota Property Taxes
Median Olmsted County effective property tax rate: 1.24%, significantly higher than the national median of 1.02%.
Median Olmsted County home value: $264,500
Median annual Olmsted County tax bill: $3,296, $896 higher than the national median property tax bill of $2,400.
How are property taxes in Olmsted County calculated?
Property taxes in Olmsted 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 Rochester or another part of Olmsted County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Olmsted County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.24%
Estimate Property Tax Bill
$3,280
$3,044
Property Tax Rates Across Olmsted County, Minnesota
Local government entities determine tax rates, leading to significant variations within a state. Annually, each county estimates its budgetary needs to provide essential services and divides this by the total value of all taxable property in its jurisdiction. This calculation establishes the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the fundamental process.
In Olmsted County, Minnesota, the median property tax rate stands at 1.24%, which is above the national median of 1.02%. When comparing Olmsted County's rate within the state, you'll find that Byron has the highest median tax rate at 1.64%, while Elgin boasts the lowest at 0.82%. Understanding these figures can help property owners gauge their tax obligations relative to neighboring areas. Whether you're a homeowner or a potential buyer, being informed about these rates is crucial for financial planning and property investment decisions.
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 Olmsted County Tax Rate
1.24%
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 Olmsted County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Byron | 1.09% | 1.55% | 1.64% | 1.71% | 1.71% |
| Chatfield | 0.94% | 1.00% | 1.61% | 1.69% | 1.77% |
| Dover | 0.99% | 1.24% | 1.34% | 1.41% | 1.44% |
| Elgin | 0.74% | 0.79% | 0.82% | 0.84% | 0.90% |
| Eyota | 0.92% | 1.03% | 1.34% | 1.42% | 1.65% |
| Hayfield | 0.78% | 0.81% | 0.82% | 0.84% | 0.85% |
| Kasson | N/A | N/A | N/A | N/A | N/A |
| Mantorville | N/A | N/A | N/A | N/A | N/A |
| Mazeppa | N/A | N/A | N/A | N/A | N/A |
| Oronoco | 0.88% | 0.98% | 1.16% | 1.32% | 1.43% |
| Pine Island | 0.95% | 0.98% | 1.55% | 1.68% | 1.71% |
| Plainview | 0.79% | 0.79% | 0.83% | 0.83% | 0.91% |
| Rochester | 1.03% | 1.18% | 1.23% | 1.27% | 1.28% |
| Saint Charles | 0.84% | 0.86% | 0.87% | 0.88% | 0.99% |
| Sargeant | N/A | N/A | N/A | N/A | N/A |
| Stewartville | 0.97% | 1.33% | 1.41% | 1.48% | 1.48% |
| Zumbro Falls | 0.97% | 0.98% | 1.13% | 1.14% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Olmsted County, Minnesota
When examining property taxes in Olmsted 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 Olmsted 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 Olmsted 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 Olmsted County. For example, the median tax bill in Olmsted County is $2486, with tax bills ranging significantly across the county. Zumbro Falls has the highest median home price at $449,100.
Property Tax Assessment Values Across Olmsted County, Minnesota
Source: Ownwell
$207,000
$328,050
$449,100
Median Olmsted County Market Value
$264,500
Median Minnesota Market Value
$290,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Olmsted County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Byron | $192,390 | $237,225 | $295,200 | $401,775 | $504,240 |
| Chatfield | $36,800 | $164,450 | $207,000 | $266,700 | $398,500 |
| Dover | $115,300 | $173,600 | $230,400 | $297,700 | $378,300 |
| Elgin | $62,240 | $161,575 | $248,650 | $297,625 | $369,340 |
| Eyota | $128,200 | $186,900 | $234,900 | $313,400 | $412,700 |
| Hayfield | $188,420 | $213,050 | $268,600 | $298,100 | $343,100 |
| Kasson | N/A | N/A | N/A | N/A | N/A |
| Mantorville | N/A | N/A | N/A | N/A | N/A |
| Mazeppa | N/A | N/A | N/A | N/A | N/A |
| Oronoco | $46,740 | $143,625 | $325,350 | $486,425 | $595,130 |
| Pine Island | $167,480 | $197,500 | $304,900 | $385,850 | $486,980 |
| Plainview | $80,060 | $215,650 | $267,000 | $352,500 | $393,180 |
| Rochester | $143,100 | $209,500 | $266,500 | $375,100 | $510,590 |
| Saint Charles | $16,390 | $217,875 | $318,350 | $357,900 | $407,310 |
| Sargeant | N/A | N/A | N/A | N/A | N/A |
| Stewartville | $31,900 | $152,775 | $221,750 | $282,200 | $375,500 |
| Zumbro Falls | $196,160 | $298,650 | $449,100 | $570,800 | $658,260 |
Source: Ownwell
Property Tax Bills Across Olmsted County, Minnesota
Median Olmsted County Tax Bill
$3,296
Median Minnesota Tax Bill
$3,182
Median United States Tax Bill
$2,400
Property Tax Bills Across Olmsted County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Byron | $2,710 | $3,676 | $4,511 | $6,186 | $8,155 |
| Chatfield | $383 | $2,280 | $3,186 | $3,986 | $4,880 |
| Dover | $1,460 | $2,276 | $3,036 | $3,916 | $4,877 |
| Elgin | $503 | $1,402 | $2,107 | $2,438 | $3,138 |
| Eyota | $1,447 | $2,496 | $3,134 | $3,951 | $4,860 |
| Hayfield | $1,469 | $1,684 | $2,192 | $2,455 | $3,173 |
| Kasson | N/A | N/A | N/A | N/A | N/A |
| Mantorville | N/A | N/A | N/A | N/A | N/A |
| Mazeppa | N/A | N/A | N/A | N/A | N/A |
| Oronoco | $494 | $2,028 | $3,954 | $5,828 | $7,345 |
| Pine Island | $2,006 | $2,894 | $4,049 | $5,278 | $6,253 |
| Plainview | $662 | $1,829 | $2,118 | $2,877 | $3,514 |
| Rochester | $1,626 | $2,480 | $3,234 | $4,600 | $6,228 |
| Saint Charles | $165 | $1,781 | $2,748 | $3,116 | $3,875 |
| Sargeant | N/A | N/A | N/A | N/A | N/A |
| Stewartville | $452 | $1,997 | $3,062 | $3,956 | $5,171 |
| Zumbro Falls | $2,338 | $3,269 | $4,136 | $6,188 | $7,179 |
Source: Ownwell