Jeffers, Cottonwood County, Minnesota Property Taxes
Median JEFFERS, MN effective property tax rate: 1.22%, significantly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median JEFFERS, MN home value: $79,000
Median annual JEFFERS, MN tax bill: $894, $1,506 lower than the national median property tax bill of $2,400.
How are property taxes in Cottonwood calculated?
Property taxes in JEFFERS, 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 JEFFERS’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in JEFFERS, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Jeffers, Cottonwood County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.22%
Estimate Property Tax Bill
$964
$894
Property Tax Rates Across Jeffers, Cottonwood 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 there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Jeffers, located in Cottonwood County, Minnesota, the effective property tax rate reflects the calculated needs of the local government. Compared to other cities in Minnesota, Jeffers’ tax rate aligns closely with the state’s median. The median property tax rate in Minnesota stands at 1.22%, which is above the national median rate of 1.02%. This difference highlights Minnesota's commitment to funding local services through property taxes.
For homeowners in Jeffers, understanding these rates is crucial for financial planning. By comparing local rates to state and national medians, property owners can better grasp their contributions to community services and how these rates impact their overall tax bills.
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 Jeffers Tax Rate
1.22%
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 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 Jeffers, Cottonwood County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56145 | 0.52% | 0.86% | 1.22% | 1.51% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Jeffers, Cottonwood County, Minnesota
When examining property taxes in Jeffers, 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 Jeffers.
For example, the median home price in Jeffers is $79,000, with tax bills ranging significantly across the county. 56145 has the highest median home price at $79,000.
Property Tax Assessment Values Across Jeffers, Cottonwood County, Minnesota
Source: Ownwell
$77,650
$226,325
$375,000
Median Jeffers Market Value
$79,000
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 Jeffers, Cottonwood County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56145 | $14,640 | $44,500 | $79,000 | $141,200 | $242,620 |
Source: Ownwell
Property Tax Bills Across Jeffers, Cottonwood County, Minnesota
Median Jeffers Tax Bill
$894
Median Cottonwood County Tax Bill
$1,456
Median Minnesota Tax Bill
$3,182
Median United States Tax Bill
$2,400
Property Tax Bills Across Jeffers, Cottonwood County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56145 | $192 | $522 | $894 | $1,524 | $2,323 |
Source: Ownwell