Rochester, Wabasha County, Minnesota Property Taxes

Name: Property Tax Bills Across Rochester, Wabasha County, Minnesota
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Rochester, MN effective property tax rate: 0.62%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Rochester, MN home value: $433,350
Median annual Rochester, MN tax bill: $3,231, $831 higher than the national median property tax bill of $2,400.

How are property taxes in Wabasha calculated?

Property taxes in Rochester, 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 Rochester’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Rochester, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Rochester, Wabasha County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.62%

Estimate Property Tax Bill

$2,687

$2,493

Ownwell’s Rochester Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Rochester with just two data points. By entering your property's estimated assessed value, our calculator applies Rochester’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 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 Wabasha County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Rochester, Wabasha County, Minnesota

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides 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, in a nutshell, this is the annual process. Below, you can compare Rochester’s effective property tax rate to other cities in Minnesota and the median property tax rates in Minnesota and the U.S. Rochester in Wabasha County has a median property tax rate of 0.62%, which is significantly lower than the national median property tax rate of 1.02%. This makes Rochester an attractive option for property owners looking for lower tax burdens. Additionally, the property tax rate in Rochester is consistent, with both the highest and lowest median tax rates in the area being 0.62%. This stability can be beneficial for long-term financial planning.

Property Tax Rates Across Rochester, Wabasha County, Minnesota

Source: Ownwell

0.62%

0.94%

1.27%

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 Rochester Tax Rate

0.62%

Median Effective Wabasha County Tax Rate

1.15%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Rochester, Wabasha County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55906	0.30%	0.41%	0.62%	0.79%	0.80%

Source: Ownwell

Property Tax Assessment Values Across Rochester, Wabasha County, Minnesota

When examining property taxes in Rochester, 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 Wabasha 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.

Assessment notices: In Wabasha 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 Rochester.

For example, the median home price in Rochester is $433,350, with tax bills ranging significantly across the county. Zip code 55906 has the highest median home price at $433,350.

Property Tax Assessment Values Across Rochester, Wabasha County, Minnesota

Source: Ownwell

$100,400

$307,800

$515,200

Median Rochester Market Value

$433,350

Median Wabasha County Market Value

$243,600

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Rochester, Wabasha County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55906	$264,430	$343,925	$433,350	$808,600	$1,303,730

Source: Ownwell

Property Tax Bills Across Rochester, Wabasha County, Minnesota

In Rochester, MN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This value is then multiplied by the tax rate set by local authorities. With a median home price of $433,350, Rochester homeowners face tax bills that can vary significantly. While the 25th percentile tax bill is $2,570, the 75th percentile rises to $3,763, and the 90th percentile reaches $4,964. The median property tax bill in Rochester's 55906 zip code is $3,231, which is above the national median of $2,400. These figures indicate that many homeowners in Rochester pay higher property taxes compared to the national average. This can be a significant financial burden. Ownwell offers services to help homeowners in Rochester reduce their property tax bills through appeals and exemptions. By leveraging expertise in local property tax regulations, Ownwell can identify potential savings and assist in navigating the appeals process, ultimately helping homeowners lower their tax liabilities.

Property Tax Bills Across Rochester, Wabasha County, Minnesota

Source: Ownwell

$970

$3,290

$5,609

Median Rochester Tax Bill

$3,231

Median Wabasha County Tax Bill

$2,658

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Rochester, Wabasha County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55906	$1,857	$2,570	$3,231	$3,763	$4,964

Source: Ownwell