Comfrey, Cottonwood County, Minnesota Property Taxes

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

Median Comfrey, MN effective property tax rate: 0.59%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Comfrey, MN home value: $178,350
Median annual Comfrey, MN tax bill: $1,377, $1,023 lower than the national median property tax bill of $2,400.

How are property taxes in Cottonwood County calculated?

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

Last Updated March 1, 2025

Comfrey, Cottonwood County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.59%

Estimate Property Tax Bill

$1,052

$976

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

Property Tax Rates Across Comfrey, Cottonwood County, Minnesota

Local government entities in Minnesota set property tax rates, and these can vary significantly across the state. Each year, Cottonwood County estimates its budget requirements to fund essential services and divides this by the total value of all taxable properties within its jurisdiction, resulting in the property tax rate. This process, while influenced by local votes and legislation, forms the core of how property taxes are determined annually. In Comfrey, located in Cottonwood County, the effective property tax rate is a reflection of this calculated need for public funding. Compared to other cities in Minnesota, Comfrey's property tax rate is consistent with the county's median rate, offering a stable and predictable environment for property owners. When contrasted with the national median property tax rate of 1.02%, Comfrey's rate provides a more affordable option for homeowners. This makes Comfrey an attractive location for those looking to benefit from lower property tax rates while still enjoying the services funded by these taxes.

Property Tax Rates Across Comfrey, Cottonwood County, Minnesota

Source: Ownwell

0.53%

1.07%

1.62%

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 Comfrey Tax Rate

0.59%

Median Effective Cottonwood County Tax Rate

1.24%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Comfrey, Cottonwood County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
56019	0.27%	0.47%	0.59%	0.75%	1.73%

Source: Ownwell

Property Tax Assessment Values Across Comfrey, Cottonwood County, Minnesota

When examining property taxes in Comfrey, 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 Cottonwood 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 Cottonwood 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 Comfrey.

For example, the median home price in Comfrey is $178,350, with tax bills ranging significantly across the county. Zip code 56019 has the highest median home price at $178,350.

Property Tax Assessment Values Across Comfrey, Cottonwood County, Minnesota

Source: Ownwell

$77,650

$226,325

$375,000

Median Comfrey Market Value

$178,350

Median Cottonwood County Market Value

$129,300

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Comfrey, Cottonwood County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
56019	$3,370	$80,775	$178,350	$343,350	$1,280,600

Source: Ownwell

Property Tax Bills Across Comfrey, Cottonwood County, Minnesota

In Comfrey, located in Cottonwood County, MN, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in Comfrey is $178,350, and the tax bill can vary significantly depending on the property's assessed value. For instance, the 25th percentile tax bill is $642, while the 75th percentile reaches $2,470, and the 90th percentile climbs to $3,357. These figures illustrate the range homeowners might expect, with the median tax bill standing at $1,377. This is notably lower than the national median tax bill of $2,400, offering some relief to Comfrey homeowners. However, understanding and managing these taxes can be challenging. That's where Ownwell comes in. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their properties are fairly assessed, potentially reducing their tax bills. This service can be especially beneficial in navigating the complexities of property tax assessments and ensuring homeowners aren't overpaying.

Property Tax Bills Across Comfrey, Cottonwood County, Minnesota

Source: Ownwell

$676

$1,681

$2,685

Median Comfrey Tax Bill

$1,377

Median Cottonwood County Tax Bill

$1,456

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Comfrey, Cottonwood County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
56019	$77	$642	$1,377	$2,470	$3,357

Source: Ownwell