Ortonville, Big Stone County, Minnesota Property Taxes

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

Median ORTONVILLE, MN effective property tax rate: 1.16%, significantly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median ORTONVILLE, MN home value: $110,900
Median annual ORTONVILLE, MN tax bill: $1,166, $1,234 lower than the national median property tax bill of $2,400.

How are property taxes in Big Stone County calculated?

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

Last Updated March 1, 2025

Ortonville, Big Stone County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.16%

Estimate Property Tax Bill

$1,286

$1,194

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

Property Tax Rates Across Ortonville, Big Stone County, Minnesota

Local government entities set tax rates, which can vary widely within a state. This variation is due to the fact that each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is essentially the annual process. In Ortonville, located in Big Stone County, Minnesota, the effective property tax rate is a reflection of this process. When comparing Ortonville’s rate to other cities in Minnesota, it aligns with the state's median tax rate. Minnesota's median property tax rate is slightly above the national median of 1.02%. This means that property owners in Ortonville may find their tax bills to be higher than the national median property tax bill of $2,400. Understanding how these rates are determined can help property owners anticipate their tax responsibilities and explore potential appeal and exemption opportunities.

Property Tax Rates Across Ortonville, Big Stone County, Minnesota

Source: Ownwell

0.73%

1.04%

1.35%

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 Ortonville Tax Rate

1.16%

Median Effective Big Stone County Tax Rate

1.13%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Ortonville, Big Stone County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
56278	0.63%	0.72%	1.16%	1.39%	1.58%

Source: Ownwell

Property Tax Assessment Values Across Ortonville, Big Stone County, Minnesota

When examining property taxes in Ortonville, Minnesota, 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 Big Stone 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 Big Stone 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 Ortonville. For example, the median home price in Ortonville is $110,900, with tax bills ranging significantly across the county. Zip code 56278 has the highest median home price at $110,900.

Property Tax Assessment Values Across Ortonville, Big Stone County, Minnesota

Source: Ownwell

$32,300

$89,850

$147,400

Median Ortonville Market Value

$110,900

Median Big Stone County Market Value

$88,200

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Ortonville, Big Stone County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
56278	$18,200	$61,900	$110,900	$182,550	$286,400

Source: Ownwell

Property Tax Bills Across Ortonville, Big Stone County, Minnesota

In Ortonville, located in Big Stone County, MN, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The median home price in this area is $110,900. Property tax bills can vary significantly, with the 25th percentile tax bill at $636 and the 90th percentile reaching up to $2,988. The median tax bill stands at $1,166, which is below the national median of $2,400. Factors influencing these bills include the home's assessed value, local tax rates, and any applicable exemptions. While Ortonville's property tax rate may seem modest compared to the national median rate of 1.02%, it still impacts homeowners' finances. Ownwell offers valuable assistance by identifying potential savings through property tax appeals and exemptions. By leveraging their expertise, homeowners can potentially reduce their tax burden, ensuring they pay only their fair share. This service can lead to significant savings, easing the financial strain on property owners in Ortonville.

Property Tax Bills Across Ortonville, Big Stone County, Minnesota

Source: Ownwell

$280

$723

$1,166

Median Ortonville Tax Bill

$1,166

Median Big Stone County Tax Bill

$908

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Ortonville, Big Stone County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
56278	$184	$636	$1,166	$2,016	$2,988

Source: Ownwell