Walnut Grove, Cottonwood County, Minnesota Property Taxes

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

Median Walnut Grove, MN effective property tax rate: 0.62%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Walnut Grove, MN home value: $190,450
Median annual Walnut Grove, MN tax bill: $1,220, $1,180 lower than the national median property tax bill of $2,400.

How are property taxes in Cottonwood County calculated?

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

Last Updated March 1, 2025

Walnut Grove, Cottonwood County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.62%

Estimate Property Tax Bill

$1,181

$1,096

Ownwell’s Walnut Grove Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Walnut Grove with just two data points. By entering your property's estimated assessed value, our calculator applies Walnut Grove’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. With Walnut Grove's median property tax bill at $1,220, it stands below the national median of $2,400, offering a favorable comparison for property owners. Such insights allow you to make informed decisions about your property investments and discover potential savings with our expert guidance.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Walnut Grove, Cottonwood County, Minnesota

Local government entities set tax rates, which can vary widely within a state. 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 Walnut Grove’s effective property tax rate to other cities in Minnesota and the median property tax rates in Minnesota and the U.S. Walnut Grove, located in Cottonwood County, has a property tax rate of 0.62%, which is notably lower than the national median property tax rate of 1.02%. This lower tax rate can be a significant advantage for property owners in Walnut Grove, as it translates to a smaller property tax bill compared to many other regions across the country. While the national median property tax bill stands at $2,400, residents of Walnut Grove benefit from more affordable property taxes, making it an attractive location for homeowners seeking lower tax obligations.

Property Tax Rates Across Walnut Grove, 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 Walnut Grove Tax Rate

0.62%

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 Walnut Grove, Cottonwood County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
56180	0.27%	0.39%	0.62%	0.67%	0.77%

Source: Ownwell

Property Tax Assessment Values Across Walnut Grove, Cottonwood County, Minnesota

When examining property taxes in Walnut Grove, 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 Cottonwood 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.

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 Walnut Grove. For example, the median home price in Walnut Grove is $190,450, with tax bills ranging significantly across the county. 56180 has the highest median home price at $190,450.

Property Tax Assessment Values Across Walnut Grove, Cottonwood County, Minnesota

Source: Ownwell

$77,650

$226,325

$375,000

Median Walnut Grove Market Value

$190,450

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 Walnut Grove, Cottonwood County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
56180	$111,940	$131,750	$190,450	$348,925	$1,414,630

Source: Ownwell

Property Tax Bills Across Walnut Grove, Cottonwood County, Minnesota

In Walnut Grove, Cottonwood County, MN, property tax bills are determined by the assessed value of a home, which is then multiplied by the local tax rate. The median home price in this area is $190,450, and the property tax bill typically falls between the 25th percentile of $884 and the 75th percentile of $1,624, with the 90th percentile reaching up to $3,185. Compared to the national median property tax bill of $2,400, Walnut Grove's tax bills are generally lower, providing some relief to homeowners. However, even with lower tax bills, understanding the nuances of property assessments and exemptions can be complex. That's where Ownwell steps in, offering expert property tax appeal and exemption services to help homeowners potentially reduce their tax burdens. By analyzing individual property assessments and identifying opportunities for appeals or exemptions, Ownwell can assist homeowners in saving money on their property tax bills, ensuring they only pay what is fair and accurate.

Property Tax Bills Across Walnut Grove, Cottonwood County, Minnesota

Source: Ownwell

$676

$1,681

$2,685

Median Walnut Grove Tax Bill

$1,220

Median Cottonwood County Tax Bill

$1,456

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Walnut Grove, Cottonwood County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
56180	$729	$884	$1,220	$1,624	$3,185

Source: Ownwell