Yellow Medicine County, Minnesota Property Taxes
Median Yellow Medicine County effective property tax rate: 1.38%, significantly higher than the national median of 1.02%.
Median Yellow Medicine County home value: $131,500
Median annual Yellow Medicine County tax bill: $1,634, $766 lower than the national median property tax bill of $2,400.
How are property taxes in Yellow Medicine County calculated?
Property taxes in Yellow Medicine 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 Granite Falls or another part of Yellow Medicine County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Yellow Medicine County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.38%
Estimate Property Tax Bill
$1,815
$1,684
Property Tax Rates Across Yellow Medicine County, Minnesota
Local government entities in Minnesota set tax rates, which can vary widely within the state. Each year, counties estimate their required budgets for public services and divide that by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
In Yellow Medicine County, the effective property tax rate is 1.38%, which is above the national median of 1.02%. This indicates a higher-than-average tax burden compared to the national level. Within the county, Canby has the highest median tax rate at 1.78%, while Boyd has the lowest at 0.55%. These figures highlight the variability of property tax rates even within a single county.
When comparing Yellow Medicine County to other counties in Minnesota or the U.S. median, these rates offer insight into how property taxes can fluctuate based on local government decisions and community needs. Understanding these differences is crucial for property owners looking to manage their tax obligations effectively.
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 Yellow Medicine County Tax Rate
1.38%
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 Yellow Medicine County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belview | 0.19% | 0.27% | 0.55% | 0.74% | 1.20% |
| Boyd | 0.29% | 0.37% | 0.55% | 0.74% | 1.02% |
| Canby | 0.33% | 0.84% | 1.78% | 2.05% | 2.56% |
| Clarkfield | 0.37% | 0.71% | 1.48% | 1.84% | 2.60% |
| Cottonwood | 0.23% | 0.48% | 0.71% | 0.81% | 0.98% |
| Dawson | N/A | N/A | N/A | N/A | N/A |
| Echo | 0.24% | 0.47% | 0.94% | 1.66% | 2.40% |
| Granite Falls | 0.60% | 1.03% | 1.53% | 1.82% | 2.08% |
| Hanley Falls | 0.34% | 0.70% | 1.44% | 2.13% | 2.96% |
| Minneota | 0.29% | 0.46% | 0.74% | 0.96% | 1.34% |
| Montevideo | 0.33% | 0.71% | 0.85% | 0.92% | 1.35% |
| Porter | 0.27% | 0.60% | 1.13% | 1.48% | 1.84% |
| Saint Leo | 0.91% | 0.93% | 0.94% | 1.02% | 1.56% |
| Taunton | 0.28% | 0.44% | 0.77% | 0.90% | 1.11% |
| Vesta | N/A | N/A | N/A | N/A | N/A |
| Wood Lake | 0.31% | 0.71% | 1.32% | 1.57% | 2.07% |
Source: Ownwell
Property Tax Assessment Values Across Yellow Medicine County, Minnesota
When examining property taxes in Yellow Medicine 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 Yellow Medicine 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.
In Yellow Medicine 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 Yellow Medicine County.
For example, the median tax bill in Yellow Medicine County is $2,432, with tax bills ranging significantly across the county. Boyd has the highest median home price at $329,800.
Property Tax Assessment Values Across Yellow Medicine County, Minnesota
Source: Ownwell
$42,400
$186,100
$329,800
Median Yellow Medicine County Market Value
$131,500
Median Minnesota Market Value
$290,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Yellow Medicine County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belview | $122,280 | $155,700 | $299,800 | $947,800 | $1,395,620 |
| Boyd | $73,580 | $144,400 | $329,800 | $1,065,950 | $1,580,560 |
| Canby | $35,600 | $70,100 | $131,000 | $242,850 | $641,100 |
| Clarkfield | $28,540 | $57,600 | $105,200 | $211,650 | $768,820 |
| Cottonwood | $122,540 | $182,775 | $279,500 | $387,925 | $1,019,100 |
| Dawson | N/A | N/A | N/A | N/A | N/A |
| Echo | $22,210 | $56,375 | $135,550 | $382,525 | $1,565,730 |
| Granite Falls | $39,900 | $72,050 | $124,400 | $196,450 | $305,500 |
| Hanley Falls | $23,440 | $43,450 | $85,100 | $273,825 | $697,430 |
| Minneota | $30,700 | $57,650 | $115,100 | $596,450 | $1,565,600 |
| Montevideo | $153,500 | $195,200 | $266,200 | $356,050 | $796,070 |
| Porter | $19,700 | $59,000 | $135,600 | $316,400 | $1,486,600 |
| Saint Leo | $13,320 | $32,800 | $42,400 | $59,300 | $77,120 |
| Taunton | $98,510 | $168,250 | $289,700 | $643,325 | $1,639,410 |
| Vesta | N/A | N/A | N/A | N/A | N/A |
| Wood Lake | $31,840 | $74,200 | $135,300 | $291,600 | $1,002,740 |
Source: Ownwell
Property Tax Bills Across Yellow Medicine County, Minnesota
Median Yellow Medicine County Tax Bill
$1,634
Median Minnesota Tax Bill
$3,182
Median United States Tax Bill
$2,400
Property Tax Bills Across Yellow Medicine County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belview | $681 | $1,289 | $1,832 | $3,400 | $4,367 |
| Boyd | $606 | $1,158 | $2,118 | $3,687 | $6,000 |
| Canby | $646 | $1,092 | $1,802 | $3,009 | $4,586 |
| Clarkfield | $540 | $926 | $1,402 | $2,200 | $3,428 |
| Cottonwood | $917 | $1,342 | $1,923 | $2,438 | $3,588 |
| Dawson | N/A | N/A | N/A | N/A | N/A |
| Echo | $282 | $698 | $1,308 | $2,395 | $4,575 |
| Granite Falls | $554 | $970 | $1,738 | $2,712 | $3,846 |
| Hanley Falls | $486 | $766 | $1,224 | $2,133 | $3,718 |
| Minneota | $298 | $514 | $1,050 | $3,226 | $4,754 |
| Montevideo | $1,190 | $1,736 | $2,432 | $3,241 | $4,192 |
| Porter | $250 | $664 | $1,436 | $2,882 | $4,600 |
| Saint Leo | $185 | $318 | $400 | $658 | $781 |
| Taunton | $816 | $1,368 | $2,150 | $4,306 | $5,783 |
| Vesta | N/A | N/A | N/A | N/A | N/A |
| Wood Lake | $442 | $856 | $1,544 | $2,576 | $4,016 |
Source: Ownwell