Windom, Cottonwood County, Minnesota Property Taxes

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

Median Windom, MN effective property tax rate: 1.18%, significantly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Windom, MN home value: $148,850
Median annual Windom, MN tax bill: $1,654, $746 lower than the national median property tax bill of $2,400.

How are property taxes in Cottonwood County calculated?

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

Last Updated March 1, 2025

Windom, Cottonwood County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.18%

Estimate Property Tax Bill

$1,756

$1,630

Ownwell’s Windom Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Windom with just two data points. By entering your property's estimated assessed value, our calculator applies Windom’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 Windom, Cottonwood County, Minnesota

Local government entities set tax rates, which can vary widely within a state. This is 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, resulting 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. In Windom, located in Cottonwood County, Minnesota, the effective property tax rate stands at 1.18%. This rate is higher than the national median property tax rate of 1.02%. However, it aligns with the general trend in Minnesota, where property tax rates are typically above the national average. The median property tax rate in Minnesota is also 1.18%, reflecting a consistency in rates across the state. By understanding these rates, property owners in Windom can better anticipate their tax obligations and explore potential savings through appeals or exemptions.

Property Tax Rates Across Windom, 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 Windom Tax Rate

1.18%

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 Windom, Cottonwood County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
56101	0.74%	0.94%	1.18%	1.30%	1.50%

Source: Ownwell

Property Tax Assessment Values Across Windom, Cottonwood County, Minnesota

When examining property taxes in Windom, 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 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 Windom. For example, the median home price in Windom is $148,850, with tax bills ranging significantly across the county. Zip code 56101 has the highest median home price at $148,850.

Property Tax Assessment Values Across Windom, Cottonwood County, Minnesota

Source: Ownwell

$77,650

$226,325

$375,000

Median Windom Market Value

$148,850

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 Windom, Cottonwood County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
56101	$31,700	$87,950	$148,850	$216,100	$310,840

Source: Ownwell

Property Tax Bills Across Windom, Cottonwood County, Minnesota

In Windom, property tax bills are calculated based on the assessed value of a home, which is determined by the Cottonwood County assessor. The median home price in Windom is $148,850, and property taxes are assessed accordingly. The tax rate applied to this assessed value determines the total tax bill. Factors such as local government budgets, school district funding, and public service costs also influence the tax rate. Homeowners in Windom face a median property tax bill of $1,654, which is below the national median of $2,400. However, property tax bills can vary, with the 25th percentile paying around $832 and the 90th percentile reaching $3,784. This variability can significantly impact homeowners' financial planning and overall cost of living. Ownwell helps homeowners reduce their property tax bills by providing expert property tax appeal and exemption services. By analyzing property assessments and ensuring they are fair and accurate, Ownwell can help homeowners in Windom potentially save hundreds or even thousands of dollars annually on their property taxes.

Property Tax Bills Across Windom, Cottonwood County, Minnesota

Source: Ownwell

$676

$1,681

$2,685

Median Windom Tax Bill

$1,654

Median Cottonwood County Tax Bill

$1,456

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Windom, Cottonwood County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
56101	$317	$832	$1,654	$2,612	$3,784

Source: Ownwell