Montevideo, Chippewa County, Minnesota Property Taxes
Property Taxes in Montevideo, Minnesota
Median Montevideo, Minnesota effective property tax rate: 1.31%, significantly higher than the national median of 1.02%, and higher than the Minnesota state median of 1.13%.
Median Montevideo, Minnesota home value: $145,950
Median annual Montevideo, Minnesota tax bill: $1,790, $610 lower than the national median property tax bill of $2,400.
How are property taxes in Chippewa calculated?
Property taxes in Montevideo, Minnesota 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 April 13, 2026
Montevideo, Chippewa County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.31%
Estimate Property Tax Bill
$1,912
$1,774
How Does the Montevideo Property Tax Calculator Work?
Use this Montevideo property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Montevideo's median effective tax rate of 1.31% — based on actual property records in Chippewa County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Montevideo's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Montevideo: rates range from 1.31% in 56265 to 1.31% in 56265, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Montevideo.
About Montevideo Property Taxes
About Property Taxes in Montevideo, Chippewa, Minnesota
Montevideo’s median effective property tax rate of 1.31% is higher than the Minnesota state median of 1.13% and higher than the national median of 1.02%. This rate reflects the Chippewa County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Montevideo. Homeowners in the 56265 ZIP code carry a median effective rate of 1.31%, while those in the same ZIP code also pay 1.31%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Chippewa County. Understanding which part of Montevideo you live in can make a meaningful difference to your annual tax bill.
Montevideo homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the April 30, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Montevideo, Chippewa County, Minnesota
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Montevideo's effective property tax rate to other cities in Minnesota and the median property tax rates in Minnesota and the U.S.
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
1.31%
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
1.38%
Median Effective Minnesota Tax Rate
1.13%
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 | 0.76% | 0.96% | 1.31% | 1.48% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Montevideo, Chippewa County, Minnesota
When examining property taxes in Montevideo, 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 Chippewa County appraisal district 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 Chippewa County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of May.
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. For example, the median home price in Montevideo is $145,950, with tax bills ranging significantly across the county. 56265 has the highest median home price at $145,950.
Property Tax Assessment Values Across Montevideo, Chippewa County, Minnesota
Source: Ownwell
$76,650
$152,975
$229,300
Median Montevideo Market Value
$145,950
Median Chippewa County Market Value
$138,850
Median Minnesota Market Value
$304,400
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 | $53,500 | $91,375 | $145,950 | $228,600 | $310,600 |
Source: Ownwell
Property Tax Bills Across Montevideo, Chippewa County, Minnesota
Property tax bills in Montevideo are based on the assessed value of a home and the local tax rate set for Chippewa County and the city. When a home’s market value changes, the assessed value can change too, which affects the final bill. Local taxing authorities use that assessed value to calculate how much each homeowner owes.
For Montevideo homeowners, the typical home value is $145,950, and the median property tax bill is $1,790. That amount is below the national median property tax bill of $2,400, which can make the area more affordable than many other places. Still, bills can vary widely depending on the home and location, with the 25th percentile at $1,118 and the 75th percentile at $2,816.
Property taxes directly affect monthly housing costs and long-term affordability. Even small changes in assessed value or local tax rates can increase what homeowners pay each year.
Median Montevideo Tax Bill
$1,790
Median Chippewa County Tax Bill
$1,862
Median Minnesota Tax Bill
$3,364
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 | $659 | $1,118 | $1,790 | $2,816 | $3,996 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 30 |
Links | |
|---|---|
| Chippewa Tax Assessor | |
| Website | www.co.chippewa.mn.us |