Steele County, Minnesota Property Taxes
Median Steele County effective property tax rate: 1.36%, significantly higher than the national median of 1.02%. Median Steele County home value: $246,000. Median annual Steele County tax bill: $2,874, $474 higher than the national median property tax bill of $2,400.
How are property taxes in Steele County calculated?
Property taxes in Steele 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 Owatonna or another part of Steele County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Steele County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.36%
Estimate Property Tax Bill
$3,346
$3,105
Property Tax Rates Across Steele County, Minnesota
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 Steele County Tax Rate
1.36%
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 Steele County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Blooming Prairie | 0.25% | 0.71% | 1.14% | 1.35% | 1.47% |
| Claremont | 0.24% | 0.27% | 0.49% | 0.97% | 1.07% |
| Ellendale | 0.22% | 0.35% | 0.72% | 1.29% | 1.56% |
| Faribault | 0.24% | 0.28% | 0.45% | 0.94% | 0.95% |
| Hartland | N/A | N/A | N/A | N/A | N/A |
| Hope | 1.12% | 1.30% | 1.42% | 1.61% | 1.73% |
| Kenyon | 0.74% | 0.75% | 0.78% | 1.57% | 3.00% |
| Medford | 0.29% | 0.81% | 1.07% | 1.28% | 1.42% |
| Morristown | 0.22% | 0.44% | 0.91% | 0.98% | 5.06% |
| New Richland | 0.22% | 0.44% | 0.74% | 0.78% | 0.80% |
| Owatonna | 0.52% | 1.23% | 1.41% | 1.47% | 1.52% |
| Waseca | 0.24% | 0.36% | 0.91% | 1.08% | 1.60% |
| West Concord | 0.25% | 0.30% | 0.60% | 0.88% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Steele County, Minnesota
When examining property taxes in Steele 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 Steele 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.
Assessment notices:
In Steele 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 Steele County. For example, the median tax bill in Steele County is $2,400, with tax bills ranging significantly across the county. Claremont has the highest median home price at $370,700.
Property Tax Assessment Values Across Steele County, Minnesota
Source: Ownwell
$142,100
$256,400
$370,700
Median Steele County Market Value
$246,000
Median Minnesota Market Value
$290,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Steele County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Blooming Prairie | $83,400 | $138,300 | $207,500 | $320,800 | $590,260 |
| Claremont | $163,940 | $255,150 | $370,700 | $632,200 | $950,800 |
| Ellendale | $79,750 | $152,675 | $278,250 | $448,825 | $807,800 |
| Faribault | $148,500 | $277,500 | $366,000 | $701,500 | $1,459,100 |
| Hartland | N/A | N/A | N/A | N/A | N/A |
| Hope | $45,260 | $110,150 | $142,100 | $188,100 | $253,980 |
| Kenyon | $139,200 | $176,900 | $217,100 | $246,700 | $249,200 |
| Medford | $28,460 | $153,400 | $254,300 | $372,800 | $638,120 |
| Morristown | $78,800 | $177,400 | $277,800 | $406,900 | $606,980 |
| New Richland | $58,450 | $204,075 | $321,350 | $500,425 | $787,450 |
| Owatonna | $127,300 | $183,700 | $243,600 | $332,425 | $452,160 |
| Waseca | $106,370 | $181,250 | $303,500 | $458,200 | $787,870 |
| West Concord | $179,280 | $233,250 | $337,400 | $600,600 | $1,249,320 |
Source: Ownwell
Property Tax Bills Across Steele County, Minnesota
In Steele County, MN, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in Steele County is $246,000, and tax bills can vary significantly based on this valuation. Homeowners in the 25th percentile pay around $1,854, while those in the 75th percentile face tax bills of approximately $3,978. For those in the 90th percentile, the tax bill can reach up to $5,242. These figures highlight the impact of home value and tax rates on the financial responsibilities of homeowners.
The property tax rate in Steele County influences these bills, with local government budgets and school funding often driving the rates. Owatonna, a city within the county, has the highest median tax bill at $3,132, while Kenyon has the lowest at $1,828. Compared to the national median property tax bill of $2,400, Steele County's tax obligations can be higher or lower depending on the specific location and home value. Understanding these factors is crucial for homeowners to anticipate their annual property tax expenses.
Median Steele County Tax Bill
$2,874
Median Minnesota Tax Bill
$3,182
Median United States Tax Bill
$2,400
Property Tax Bills Across Steele County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Blooming Prairie | $591 | $1,273 | $2,121 | $3,210 | $4,149 |
| Claremont | $537 | $1,175 | $2,342 | $3,652 | $4,575 |
| Ellendale | $466 | $1,156 | $1,948 | $2,974 | $4,068 |
| Faribault | $460 | $1,604 | $3,074 | $3,525 | $4,444 |
| Hartland | N/A | N/A | N/A | N/A | N/A |
| Hope | $914 | $1,827 | $2,136 | $2,635 | $3,329 |
| Kenyon | $1,396 | $1,549 | $1,828 | $4,219 | $5,788 |
| Medford | $262 | $1,050 | $2,546 | $3,631 | $4,800 |
| Morristown | $556 | $1,634 | $2,558 | $3,326 | $5,390 |
| New Richland | $300 | $1,240 | $2,010 | $2,946 | $3,813 |
| Owatonna | $1,101 | $2,220 | $3,132 | $4,222 | $5,491 |
| Waseca | $912 | $1,386 | $2,084 | $3,034 | $4,131 |
| West Concord | $893 | $1,650 | $2,630 | $3,249 | $5,416 |
Source: Ownwell