Waseca County Property Taxes
The median property tax rate in Waseca County is 1.46%, which is significantly higher than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Waseca County, the typical annual property tax bill reaches $2,536, which is slightly below the national median of $2,690. Property taxes in Waseca County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Waseca 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 Waseca or another part of Waseca County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Waseca County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.46%
Estimate Property Tax Bill
$2,704
Ownwell’s Waseca County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Waseca County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Waseca County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Waseca County, Minnesota
Property taxes in Waseca County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Waseca County is 1.46%, which is higher than the U.S. national median of 0.99%. Local government entities within Waseca County set these rates annually, and they can vary significantly between different areas within the county. Each year, Waseca 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 Waseca County's effective property tax rate with other counties in Minnesota and the national median. For comparison, the city of Waldorf has one of the higher property tax rates in Minnesota at 1.55%, while the city of Wells boasts one of the lowest at 0.46%. Analyzing how Waseca County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Waseca County Tax Rate
1.46%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Waseca County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ellendale | 0.61% | 0.80% | 1.03% | 1.05% | 1.08% |
| Elysian | 0.42% | 0.76% | 0.99% | 1.03% | 1.07% |
| Hartland | 0.54% | 0.76% | 0.91% | 0.94% | 0.96% |
| Janesville | 0.69% | 1.01% | 1.45% | 1.57% | 1.72% |
| Madison Lake | 0.34% | 0.49% | 0.94% | 0.98% | 1.02% |
| Mapleton | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% |
| Minnesota Lake | 0.45% | 0.54% | 0.91% | 0.98% | 1.06% |
| Morristown | 0.43% | 0.52% | 0.90% | 0.99% | 1.07% |
| New Richland | 0.47% | 0.87% | 1.22% | 1.59% | 1.85% |
| Pemberton | 0.38% | 0.41% | 0.94% | 1.02% | 1.06% |
| Waldorf | 0.43% | 0.97% | 1.55% | 1.90% | 2.35% |
| Waseca | 0.95% | 1.08% | 1.52% | 1.66% | 1.79% |
| Waterville | 0.43% | 0.90% | 0.97% | 0.99% | 0.99% |
| Wells | 0.36% | 0.40% | 0.46% | 0.87% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Waseca County, Minnesota
In Waseca 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 Waseca 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 Waseca 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 Waseca County, the city with the highest median tax bill is Waterville at $3,398, while Mapleton has the lowest at $1,792. Being aware of these valuation processes in Waseca County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Waseca County, Minnesota
Source: Ownwell
$113,000
$460,500
$808,000
Average Waseca County Assessed Value
$185,200
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Waseca County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ellendale | $197,500 | $240,850 | $308,800 | $355,850 | $539,520 |
| Elysian | $81,700 | $191,950 | $294,200 | $475,450 | $595,500 |
| Hartland | $243,510 | $259,125 | $327,050 | $635,600 | $1,084,340 |
| Janesville | $98,300 | $156,400 | $210,000 | $286,450 | $445,600 |
| Madison Lake | $187,880 | $199,100 | $297,400 | $469,800 | $917,340 |
| Mapleton | $184,300 | $184,300 | $184,300 | $184,300 | $184,300 |
| Minnesota Lake | $152,960 | $181,450 | $243,800 | $752,950 | $1,361,940 |
| Morristown | $211,870 | $228,050 | $315,400 | $865,650 | $1,017,250 |
| New Richland | $72,020 | $111,300 | $157,900 | $280,500 | $547,200 |
| Pemberton | $124,420 | $206,300 | $296,800 | $678,450 | $1,211,020 |
| Waldorf | $33,980 | $73,450 | $113,000 | $237,850 | $746,060 |
| Waseca | $87,600 | $125,700 | $177,400 | $267,375 | $395,050 |
| Waterville | $203,850 | $301,775 | $368,000 | $454,425 | $566,000 |
| Wells | $131,370 | $280,450 | $808,000 | $1,083,375 | $1,254,640 |
Source: Ownwell
Property Tax Bills Across Waseca County, Minnesota
In Waseca County, MN, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the market value of the property. Homeowners then pay a percentage of this assessed value as their property tax. The local tax rate in Waseca County varies but is influenced by factors such as public school funding, local government budgets, and infrastructure needs. For example, the median home price in Waseca County is $185,200. Depending on the assessed value and the specific tax rate applied, homeowners can expect a range in their property tax bills. At the 25th percentile, tax bills are around $1,732, while at the 75th percentile, they can reach up to $3,522. For those at the 90th percentile, tax bills can be as high as $4,828. The city of Waterville has the highest median tax bill at $3,398, whereas Mapleton boasts the lowest at $1,792. This variation significantly impacts homeowners, influencing their overall cost of living and financial planning.
Average Waseca County Tax Bill
$2,536
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Waseca County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ellendale | $2,054 | $2,593 | $2,762 | $3,158 | $3,249 |
| Elysian | $606 | $1,720 | $2,314 | $4,085 | $5,416 |
| Hartland | $2,189 | $2,389 | $3,121 | $4,164 | $4,922 |
| Janesville | $989 | $2,006 | $2,842 | $3,712 | $4,722 |
| Madison Lake | $1,089 | $1,744 | $2,444 | $3,158 | $4,684 |
| Mapleton | $1,792 | $1,792 | $1,792 | $1,792 | $1,792 |
| Minnesota Lake | $1,170 | $1,542 | $2,092 | $4,853 | $8,768 |
| Morristown | $1,768 | $2,213 | $2,828 | $4,882 | $7,833 |
| New Richland | $787 | $1,432 | $2,064 | $2,872 | $4,139 |
| Pemberton | $1,065 | $1,640 | $2,508 | $3,451 | $5,273 |
| Waldorf | $594 | $1,131 | $1,856 | $2,598 | $3,939 |
| Waseca | $1,104 | $1,764 | $2,566 | $3,548 | $4,932 |
| Waterville | $1,345 | $2,187 | $3,398 | $4,244 | $4,996 |
| Wells | $1,107 | $2,375 | $3,134 | $4,764 | $5,228 |
Source: Ownwell