Waseca County, Minnesota Property Taxes

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

Median Waseca County effective property tax rate: 1.46%, significantly higher than the national median of 1.02%.
Median Waseca County home value: $185,200
Median annual Waseca County tax bill: $2,536, $136 higher than the national median property tax bill of $2,400.

How are property taxes in Waseca County calculated?

Property taxes in Waseca 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 Waseca or another part of Waseca County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Waseca County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.46%

Estimate Property Tax Bill

$2,704

$2,509

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

Property Tax Rates Across Waseca County, Minnesota

Local government entities set tax rates, and these can vary significantly within a state. This variation occurs because each county annually estimates the budget required to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

In Minnesota, Waseca County's effective property tax rate is 1.46%, which is higher than the national median of 1.02%. Within the county, Waldorf has the highest median tax rate at 1.55%, while Wells has the lowest at 0.46%. These figures illustrate the range of property tax rates even within a single county. Comparing these rates to the U.S. median property tax rate highlights the variability in property taxes, emphasizing the importance of understanding local tax structures.

Property Tax Rates Across Waseca County, Minnesota

Source: Ownwell

0.46%

1.00%

1.55%

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 Waseca County Tax Rate

1.46%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Waseca County, Minnesota

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Ellendale	N/A	N/A	N/A	N/A	N/A
Elysian	0.42%	0.76%	0.99%	1.03%	1.07%
Hartland	N/A	N/A	N/A	N/A	N/A
Janesville	0.69%	1.01%	1.45%	1.57%	1.72%
Madison Lake	0.34%	0.49%	0.94%	0.98%	1.02%
Mapleton	N/A	N/A	N/A	N/A	N/A
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

When examining property taxes in Waseca 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 Waseca County Assessor 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 Waseca 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 Waseca County. For example, the median tax bill in Waseca County is $2,400, with tax bills ranging significantly across the county. Wells has the highest median home price at $808,000.

Property Tax Assessment Values Across Waseca County, Minnesota

Source: Ownwell

$113,000

$460,500

$808,000

Median Waseca County Market Value

$185,200

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Waseca County, Minnesota

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Ellendale	N/A	N/A	N/A	N/A	N/A
Elysian	$81,700	$191,950	$294,200	$475,450	$595,500
Hartland	N/A	N/A	N/A	N/A	N/A
Janesville	$98,300	$156,400	$210,000	$286,450	$445,600
Madison Lake	$187,880	$199,100	$297,400	$469,800	$917,340
Mapleton	N/A	N/A	N/A	N/A	N/A
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 determined by assessing the market value of a home and applying the local tax rate. The median home price in the county is $185,200, and the tax rate is applied to this value to calculate the tax bill. Homeowners in Waseca County typically see a range of tax bills, with the 25th percentile at $1,732 and the 75th percentile at $3,522, showing a significant variation based on property value and location. The 90th percentile tax bill reaches $4,828, indicating that higher-valued properties incur a larger tax burden. Waterville, within the county, has the highest median tax bill at $3,398, while Waldorf has the lowest at $1,856. Compared to the national median property tax rate of 1.02% and a median tax bill of $2,400, Waseca County's figures can be considered moderate, impacting homeowners' financial planning. Understanding these factors helps homeowners anticipate their tax liabilities and manage their budgets accordingly.

Property Tax Bills Across Waseca County, Minnesota

Source: Ownwell

$1,856

$2,627

$3,398

Median Waseca County Tax Bill

$2,536

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Waseca County, Minnesota

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Ellendale	N/A	N/A	N/A	N/A	N/A
Elysian	$606	$1,720	$2,314	$4,085	$5,416
Hartland	N/A	N/A	N/A	N/A	N/A
Janesville	$989	$2,006	$2,842	$3,712	$4,722
Madison Lake	$1,089	$1,744	$2,444	$3,158	$4,684
Mapleton	N/A	N/A	N/A	N/A	N/A
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