Redwood County, Minnesota Property Taxes
Median Redwood County effective property tax rate: 1.19%, significantly higher than the national median of 1.02%.
Median Redwood County home value: $117,650
Median annual Redwood County tax bill: $1,276, $1,124 lower than the national median property tax bill of $2,400.
How are property taxes in Redwood County calculated?
Property taxes in Redwood 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 Redwood Falls or another part of Redwood County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Redwood County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.19%
Estimate Property Tax Bill
$1,400
$1,299
Ownwell’s Redwood County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Redwood County with just two data points. By entering your property's estimated assessed value, our calculator applies Redwood 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 Redwood County. With a median property tax bill of $1,464, Redwood County falls below the national median of $2,400, offering a more affordable option for property owners. However, the median effective tax rate is 1.65%, higher than the national median of 1.02%, indicating a greater need for strategic tax planning.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Redwood County, Minnesota
Local government entities determine tax rates, which can vary significantly within a state. This variation is due to each county's annual process of estimating its required budget to provide services and dividing 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, this is the annual process in a nutshell.
In Redwood County, Minnesota, the effective property tax rate is 1.19%, which is higher than the national median property tax rate of 1.02%. Comparing this to other counties in Minnesota, the highest median tax rate is found in Milroy at 1.83%, whereas Springfield boasts the lowest at 0.66%. This showcases the broad spectrum of property tax rates within the state. Understanding these differences can help property owners make informed decisions about appealing their property taxes or seeking exemptions.
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 Redwood County Tax Rate
1.19%
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 Redwood County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belview | 0.55% | 0.61% | 1.36% | 1.68% | 2.31% |
| Clements | 0.65% | 0.86% | 1.18% | 1.66% | 2.01% |
| Echo | N/A | N/A | N/A | N/A | N/A |
| Franklin | N/A | N/A | N/A | N/A | N/A |
| Lamberton | 0.65% | 1.23% | 1.71% | 2.40% | 3.05% |
| Lucan | 0.56% | 0.85% | 1.50% | 1.92% | 2.58% |
| Marshall | N/A | N/A | N/A | N/A | N/A |
| Milroy | 0.84% | 0.95% | 1.83% | 2.10% | 2.69% |
| Morgan | 0.74% | 1.09% | 1.22% | 1.49% | 1.86% |
| Morton | 0.44% | 0.58% | 0.69% | 0.77% | 1.16% |
| Redwood Falls | 0.64% | 0.93% | 1.12% | 1.28% | 1.43% |
| Renville | N/A | N/A | N/A | N/A | N/A |
| Revere | 0.46% | 0.75% | 1.80% | 2.76% | 3.06% |
| Sanborn | 0.63% | 0.91% | 1.00% | 1.20% | 1.55% |
| Seaforth | 1.21% | 1.41% | 1.54% | 2.41% | 2.53% |
| Sleepy Eye | 0.44% | 0.61% | 0.70% | 0.85% | 0.93% |
| Springfield | 0.36% | 0.61% | 0.66% | 0.72% | 0.78% |
| Tracy | 0.55% | 0.64% | 0.68% | 0.73% | 0.82% |
| Vesta | 0.56% | 0.93% | 1.23% | 1.55% | 1.70% |
| Wabasso | 0.55% | 1.06% | 1.36% | 1.55% | 1.87% |
| Walnut Grove | 0.71% | 1.09% | 1.21% | 1.60% | 1.71% |
| Wanda | 1.27% | 1.34% | 1.55% | 2.17% | 2.21% |
| Wood Lake | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Redwood County, Minnesota
When examining property taxes in Redwood 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 Redwood 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 Redwood 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 Redwood County.
For example, the median tax bill in Redwood County is $1,176.50, with tax bills ranging significantly across the county. Morton has the highest median home price at $303,400.
Property Tax Assessment Values Across Redwood County, Minnesota
Source: Ownwell
$46,650
$175,025
$303,400
Median Redwood County Market Value
$117,650
Median Minnesota Market Value
$290,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Redwood County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belview | $9,800 | $49,750 | $91,500 | $159,150 | $238,600 |
| Clements | $5,100 | $25,500 | $83,600 | $172,300 | $252,380 |
| Echo | N/A | N/A | N/A | N/A | N/A |
| Franklin | N/A | N/A | N/A | N/A | N/A |
| Lamberton | $10,390 | $45,700 | $80,750 | $146,450 | $254,940 |
| Lucan | $18,200 | $64,100 | $109,650 | $182,800 | $320,350 |
| Marshall | N/A | N/A | N/A | N/A | N/A |
| Milroy | $20,040 | $75,775 | $121,300 | $181,400 | $280,930 |
| Morgan | $18,660 | $60,825 | $105,350 | $172,275 | $268,780 |
| Morton | $47,070 | $185,975 | $303,400 | $418,600 | $524,370 |
| Redwood Falls | $31,080 | $84,775 | $144,400 | $226,500 | $344,860 |
| Renville | N/A | N/A | N/A | N/A | N/A |
| Revere | $4,760 | $20,700 | $55,900 | $228,600 | $339,260 |
| Sanborn | $21,130 | $45,775 | $84,550 | $143,125 | $237,070 |
| Seaforth | $3,310 | $17,800 | $46,650 | $101,100 | $162,650 |
| Sleepy Eye | $162,660 | $177,450 | $221,150 | $258,875 | $551,930 |
| Springfield | $144,200 | $174,150 | $241,550 | $413,350 | $1,128,800 |
| Tracy | $191,050 | $214,200 | $278,350 | $360,825 | $404,350 |
| Vesta | $5,580 | $46,700 | $94,500 | $175,600 | $311,600 |
| Wabasso | $45,820 | $82,300 | $140,600 | $232,900 | $373,460 |
| Walnut Grove | $8,420 | $40,300 | $76,000 | $128,750 | $244,360 |
| Wanda | $3,200 | $22,300 | $69,100 | $103,100 | $132,560 |
| Wood Lake | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Redwood County, Minnesota
Median Redwood County Tax Bill
$1,276
Median Minnesota Tax Bill
$3,182
Median United States Tax Bill
$2,400
Property Tax Bills Across Redwood County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belview | $171 | $682 | $993 | $1,476 | $2,258 |
| Clements | $146 | $390 | $928 | $1,470 | $1,747 |
| Echo | N/A | N/A | N/A | N/A | N/A |
| Franklin | N/A | N/A | N/A | N/A | N/A |
| Lamberton | $302 | $738 | $1,244 | $2,146 | $3,814 |
| Lucan | $392 | $927 | $1,295 | $2,246 | $3,360 |
| Marshall | N/A | N/A | N/A | N/A | N/A |
| Milroy | $475 | $1,206 | $1,884 | $2,656 | $3,448 |
| Morgan | $269 | $738 | $1,242 | $2,073 | $2,971 |
| Morton | $386 | $1,147 | $2,142 | $2,754 | $3,748 |
| Redwood Falls | $305 | $810 | $1,428 | $2,446 | $3,473 |
| Renville | N/A | N/A | N/A | N/A | N/A |
| Revere | $241 | $460 | $1,002 | $1,732 | $2,473 |
| Sanborn | $280 | $475 | $786 | $1,310 | $1,842 |
| Seaforth | $83 | $312 | $791 | $1,234 | $2,749 |
| Sleepy Eye | $1,109 | $1,347 | $1,679 | $2,022 | $2,506 |
| Springfield | $933 | $1,211 | $1,703 | $2,707 | $4,307 |
| Tracy | $1,204 | $1,430 | $1,894 | $2,554 | $3,298 |
| Vesta | $84 | $611 | $1,044 | $1,728 | $2,660 |
| Wabasso | $598 | $976 | $1,526 | $2,546 | $3,833 |
| Walnut Grove | $162 | $536 | $872 | $1,488 | $2,450 |
| Wanda | $72 | $436 | $938 | $1,440 | $2,121 |
| Wood Lake | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell