Austin, Freeborn County, Minnesota Property Taxes
Property Taxes in Austin, Minnesota
Median Austin, Minnesota effective property tax rate: 0.86%, significantly lower than the national median of 1.02%, and lower than the Minnesota state median of 1.13%.
Median Austin, Minnesota home value: $318,750
Median annual Austin, Minnesota tax bill: $2,647, $247 higher than the national median property tax bill of $2,400.
How are property taxes in Freeborn calculated?
Property taxes in Austin, 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 Austin's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Austin, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Austin, Freeborn County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.86%
Estimate Property Tax Bill
$2,741
$2,544
How Does the Austin Property Tax Calculator Work?
Use this Austin property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Austin's median effective tax rate of 0.86% — based on actual property records in Freeborn County — to generate your estimate.
Enter your property's estimated assessed value — the figure used to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Austin'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 Austin: rates range from 2647.00 in 55912 to 2647.00 in 55912, 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 Austin.
About Austin Property Taxes
About Property Taxes in Austin, Freeborn, Minnesota
Austin's median effective property tax rate of 0.86% is lower than the Minnesota state median of 1.13% and lower than the national median of 1.02%. This rate reflects the Freeborn 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 Austin. Homeowners in the 55912 ZIP code carry a median effective rate of 0.86%, while those in the same ZIP code pay 0.86%. This spread reflects how school district boundaries and local assessment districts are drawn across Freeborn County. Understanding which part of Austin you live in can make a meaningful difference to your annual tax bill.
Austin 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 Austin, Freeborn 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 Austin'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 Austin Tax Rate
0.86%
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 Freeborn County Tax Rate
1.05%
Median Effective Minnesota Tax Rate
1.13%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Austin, Freeborn County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55912 | 0.45% | 0.66% | 0.86% | 0.97% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Austin, Freeborn County, Minnesota
When examining property taxes in Austin, 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. Freeborn County 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 Freeborn County, assessment notices are sent in March each year. They'll typically reach your mailbox by the middle of March.
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 Austin is $318,750, with tax bills ranging significantly across the county. Zip code 55912 has the highest median home price at $318,750.
Property Tax Assessment Values Across Austin, Freeborn County, Minnesota
Source: Ownwell
$59,750
$224,025
$388,300
Median Austin Market Value
$318,750
Median Freeborn County Market Value
$168,300
Median Minnesota Market Value
$304,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Austin, Freeborn County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55912 | $95,840 | $204,550 | $318,750 | $553,425 | $896,980 |
Source: Ownwell
Property Tax Bills Across Austin, Freeborn County, Minnesota
Property tax bills in Austin are based on the assessed value of a home, not the price a buyer might pay on the market. Local taxing authorities apply their tax rates to that assessed value to determine the annual bill, so both the home’s value and the local rate matter.
With a median home price of $318,750, homeowners in Austin can see a wide range of outcomes. The 25th percentile tax bill is $1,636, while the 75th percentile tax bill is $4,136 and the 90th percentile reaches $5,849. The median tax bill in the area is $2,647, which is above the national median property tax bill of $2,400. That means many homeowners in Austin pay more than the typical U.S. homeowner, even though individual bills vary by property and location.
For homeowners, this can affect monthly housing costs, affordability, and long-term ownership expenses. Because property taxes are tied to assessed value, changes in home value or local tax rates can raise or lower the bill from year to year.
Median Austin Tax Bill
$2,647
Median Freeborn County Tax Bill
$1,774
Median Minnesota Tax Bill
$3,364
Median United States Tax Bill
$2,400
Property Tax Bills Across Austin, Freeborn County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55912 | $730 | $1,636 | $2,647 | $4,136 | $5,849 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 30 |
Links | |
|---|---|
| Freeborn Tax Assessor | |
| Website | beacon.schneidercorp.com |