Montevideo, Chippewa County, Minnesota Property Taxes
Median Montevideo, MN effective property tax rate: 1.13%, significantly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Montevideo, MN home value: $144,500
Median annual Montevideo, MN tax bill: $1,551, $849 lower than the national median property tax bill of $2,400.
How are property taxes in Chippewa County calculated?
Property taxes in Montevideo, 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 Montevideo’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Montevideo, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Montevideo, Chippewa County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.13%
Estimate Property Tax Bill
$1,633
$1,515
Property Tax Rates Across Montevideo, Chippewa County, Minnesota
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 Montevideo Tax Rate
1.13%
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 Chippewa County Tax Rate
1.23%
Median Effective Minnesota Tax Rate
1.11%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Montevideo, Chippewa County, Minnesota
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
56265 | 0.70% | 0.85% | 1.13% | 1.32% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Montevideo, Chippewa County, Minnesota
When examining property taxes in Montevideo, 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 Chippewa 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 Chippewa 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 Montevideo. For example, the median home price in Montevideo is $144,500, with tax bills ranging significantly across the county. Zip code 56265 has the highest median home price at $144,500.
Property Tax Assessment Values Across Montevideo, Chippewa County, Minnesota
Source: Ownwell

$76,900
$150,475
$224,050
Median Montevideo Market Value
$144,500
Median Chippewa County Market Value
$136,650
Median Minnesota Market Value
$290,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Montevideo, Chippewa County, Minnesota
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
56265 | $53,260 | $90,900 | $144,500 | $227,500 | $311,340 |
Source: Ownwell
Property Tax Bills Across Montevideo, Chippewa County, Minnesota
In Montevideo, located in Chippewa County, MN, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This value is then multiplied by the local tax rate to determine the tax bill. Factors such as property size, location, and market conditions can influence the assessed value. Homeowners in Montevideo face a median property tax bill of $1,551, which is below the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $938 and the 90th percentile reaching $3,560. These variations can impact homeowners' financial planning and budgeting.
Ownwell provides a valuable service by helping homeowners appeal their property tax assessments, potentially lowering their tax bills. By analyzing local market conditions and assessment accuracy, Ownwell can identify discrepancies and advocate for fair property valuations. This service not only helps homeowners save money but also ensures they are not overpaying on their property taxes.
Median Montevideo Tax Bill
$1,551
Median Chippewa County Tax Bill
$1,622
Median Minnesota Tax Bill
$3,182
Median United States Tax Bill
$2,400
Property Tax Bills Across Montevideo, Chippewa County, Minnesota
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
56265 | $585 | $938 | $1,551 | $2,530 | $3,560 |
Source: Ownwell