New Ulm, Brown County, Minnesota Property Taxes
Median New Ulm, MN effective property tax rate: 1.41%, significantly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median New Ulm, MN home value: $161,900
Median annual New Ulm, MN tax bill: $2,180, $220 lower than the national median property tax bill of $2,400.
How are property taxes in Brown County calculated?
Property taxes in New Ulm, 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 New Ulm’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in New Ulm, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
New Ulm, Brown County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.41%
Estimate Property Tax Bill
$2,283
$2,118
Property Tax Rates Across New Ulm, Brown County, Minnesota
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget 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 are involved in setting tax rates and budgets, this is the annual process.
In New Ulm, located in Brown County, the effective property tax rate is notably higher than the national median of 1.02%. Interestingly, New Ulm shares the same tax rate across all its zip codes, reflecting the county's approach to property taxation. When comparing New Ulm's rate with other cities in Minnesota, it stands out as there is no variation, demonstrating a uniform tax policy within the area.
The median property tax rate in Minnesota surpasses the national average, which means property owners in New Ulm are likely paying more in property taxes than the typical U.S. homeowner. Understanding these tax dynamics can be crucial for property owners looking to optimize their tax liabilities.
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 New Ulm Tax Rate
1.41%
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 Brown County Tax Rate
1.37%
Median Effective Minnesota Tax Rate
1.11%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across New Ulm, Brown County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56073 | 0.78% | 1.26% | 1.41% | 1.52% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across New Ulm, Brown County, Minnesota
When examining property taxes in New Ulm, 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 Brown 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 Brown 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 New Ulm.
For example, the median home price in New Ulm is $161,900, with tax bills ranging significantly across the county. Zip code 56073 has the highest median home price at $161,900.
Property Tax Assessment Values Across New Ulm, Brown County, Minnesota
Source: Ownwell
$109,850
$255,000
$400,150
Median New Ulm Market Value
$161,900
Median Brown County Market Value
$152,500
Median Minnesota Market Value
$290,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across New Ulm, Brown County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56073 | $27,700 | $109,275 | $161,900 | $228,500 | $320,940 |
Source: Ownwell
Property Tax Bills Across New Ulm, Brown County, Minnesota
Median New Ulm Tax Bill
$2,180
Median Brown County Tax Bill
$1,856
Median Minnesota Tax Bill
$3,182
Median United States Tax Bill
$2,400
Property Tax Bills Across New Ulm, Brown County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56073 | $380 | $1,372 | $2,180 | $2,999 | $4,203 |
Source: Ownwell