Sibley County Property Taxes
The median property tax rate in Sibley County is 0.81%, which is notably lower than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Sibley County at $273,200, the typical annual property tax bill amounts to $2,314, which is below the national median of $2,690. Property taxes in Sibley County are calculated based on the tax assessed value, which is often lower than the actual market value due to various property tax exemptions such as those for primary residences and agricultural properties. Understanding Sibley County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Gaylord or another part of Sibley County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sibley County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$2,213
Ownwell’s Sibley Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Sibley County with just two data points. By entering your property's estimated assessed value, our calculator applies the median tax rate in Sibley County to estimate your property tax bill. This insight helps you understand potential tax liabilities. For more localized trends, you can navigate to city-level information below. Your property assessed value is the value assigned to your property by the county for tax calculations, taking into account any exemptions you may have.
Property Tax Rates Across Sibley County, Minnesota
Property taxes in Sibley County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Sibley County is 0.81%, which is lower than the U.S. national median of 0.99%. Local government entities within Sibley County set these rates annually, and they can vary significantly between different areas within the county. Each year, Sibley County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Sibley County's effective property tax rate with other counties in Minnesota and the national median. For comparison, the city of New Auburn has one of the higher property tax rates in Minnesota at 1.71%, while the city of Plato boasts one of the lowest at 0.42%. Analyzing how Sibley County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Sibley County Tax Rate
0.81%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sibley County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arlington | 0.29% | 0.52% | 1.05% | 1.25% | 1.36% |
| Belle Plaine | 0.33% | 0.52% | 0.87% | 0.90% | 0.94% |
| Brownton | 0.36% | 0.36% | 0.52% | 0.61% | 0.72% |
| Buffalo Lake | 0.25% | 0.32% | 0.49% | 0.57% | 0.66% |
| Fairfax | 0.39% | 0.43% | 0.76% | 0.77% | 0.82% |
| Gaylord | 0.35% | 0.56% | 1.26% | 1.65% | 1.93% |
| Gibbon | 0.24% | 0.34% | 0.62% | 1.55% | 2.04% |
| Glencoe | 0.26% | 0.30% | 0.56% | 0.76% | 1.31% |
| Green Isle | 0.29% | 0.48% | 0.84% | 1.55% | 1.63% |
| Hamburg | 0.32% | 0.36% | 0.60% | 0.88% | 0.93% |
| Hector | 0.28% | 0.32% | 0.61% | 0.71% | 0.81% |
| Henderson | 0.29% | 0.50% | 0.83% | 1.33% | 1.46% |
| Lafayette | 0.26% | 0.32% | 0.47% | 0.65% | 0.81% |
| Le Sueur | 0.27% | 0.40% | 0.59% | 0.86% | 0.91% |
| New Auburn | 1.20% | 1.51% | 1.71% | 2.07% | 2.14% |
| Plato | 0.41% | 0.41% | 0.42% | 0.59% | 0.69% |
| Stewart | 0.30% | 0.39% | 0.52% | 0.65% | 0.70% |
| Winthrop | 0.30% | 0.48% | 0.81% | 1.27% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Sibley County, Minnesota
In Sibley County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Sibley County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Sibley County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. In Sibley County, the highest median tax bill is in Belle Plaine at $3,492, while the lowest is in New Auburn at $1,348. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Sibley County, Minnesota
Source: Ownwell
$97,700
$431,725
$765,750
Average Sibley County Assessed Value
$273,200
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sibley County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arlington | $101,340 | $168,650 | $249,500 | $399,000 | $782,280 |
| Belle Plaine | $144,500 | $322,650 | $449,100 | $605,700 | $789,000 |
| Brownton | $314,500 | $338,200 | $393,800 | $763,700 | $904,520 |
| Buffalo Lake | $172,160 | $305,700 | $765,750 | $1,272,125 | $1,628,920 |
| Fairfax | $158,680 | $184,900 | $276,700 | $379,000 | $423,220 |
| Gaylord | $91,030 | $149,675 | $212,500 | $386,350 | $929,270 |
| Gibbon | $73,400 | $112,100 | $256,200 | $712,600 | $1,176,540 |
| Glencoe | $65,290 | $177,500 | $332,650 | $587,000 | $967,620 |
| Green Isle | $123,420 | $208,300 | $281,100 | $426,900 | $840,660 |
| Hamburg | $230,160 | $329,850 | $444,600 | $730,000 | $1,350,020 |
| Hector | $66,940 | $68,200 | $323,100 | $392,800 | $684,880 |
| Henderson | $56,560 | $172,600 | $304,100 | $478,200 | $717,020 |
| Lafayette | $212,660 | $365,600 | $521,000 | $971,200 | $1,432,220 |
| Le Sueur | $70,410 | $239,975 | $378,800 | $666,475 | $1,031,590 |
| New Auburn | $4,500 | $12,000 | $97,700 | $172,200 | $243,240 |
| Plato | $257,200 | $322,300 | $430,800 | $598,700 | $699,440 |
| Stewart | $202,560 | $266,350 | $595,100 | $1,338,150 | $1,635,300 |
| Winthrop | $70,580 | $137,825 | $228,750 | $460,625 | $1,017,290 |
Source: Ownwell
Property Tax Bills Across Sibley County, Minnesota
In Sibley County, MN, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in the county is $273,200. Homeowners can expect their tax bills to vary significantly depending on their property's assessed value and location. For instance, the tax bill at the 25th percentile is $1,373, while at the 75th percentile, it reaches $3,562. The highest median tax bill in the county is found in Belle Plaine at $3,492, whereas New Auburn has the lowest median tax bill at $1,348. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. These factors collectively determine the financial impact on homeowners. Compared to the national median property tax rate of 0.99%, Sibley County's tax rates can lead to varying financial obligations, making it essential for homeowners to understand their specific circumstances to manage their property tax liabilities effectively.
Average Sibley County Tax Bill
$2,314
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Sibley County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arlington | $524 | $1,532 | $2,336 | $3,260 | $4,352 |
| Belle Plaine | $514 | $2,233 | $3,492 | $4,728 | $5,668 |
| Brownton | $1,999 | $2,376 | $2,412 | $2,758 | $3,249 |
| Buffalo Lake | $759 | $1,468 | $3,183 | $4,582 | $7,371 |
| Fairfax | $1,200 | $1,398 | $1,418 | $1,954 | $2,200 |
| Gaylord | $736 | $1,776 | $2,668 | $3,807 | $5,263 |
| Gibbon | $653 | $1,264 | $1,979 | $3,018 | $4,571 |
| Glencoe | $292 | $1,100 | $1,931 | $2,873 | $4,199 |
| Green Isle | $711 | $1,718 | $2,976 | $3,884 | $4,997 |
| Hamburg | $1,126 | $2,063 | $2,962 | $4,462 | $6,014 |
| Hector | $365 | $598 | $2,234 | $2,286 | $2,346 |
| Henderson | $384 | $1,188 | $2,528 | $3,872 | $5,272 |
| Lafayette | $996 | $1,614 | $2,624 | $3,842 | $5,800 |
| Le Sueur | $279 | $1,141 | $2,418 | $4,069 | $5,741 |
| New Auburn | $97 | $262 | $1,348 | $2,826 | $4,095 |
| Plato | $1,653 | $1,691 | $1,754 | $2,470 | $2,900 |
| Stewart | $1,173 | $1,630 | $2,496 | $5,353 | $7,600 |
| Winthrop | $585 | $1,276 | $2,015 | $3,051 | $4,680 |
Source: Ownwell