Hollandale, Freeborn County, Minnesota Property Taxes
Median Hollandale, MN effective property tax rate: 1.06%, slightly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Hollandale, MN home value: $121,700
Median annual Hollandale, MN tax bill: $1,328, $1,072 lower than the national median property tax bill of $2,400.
How are property taxes in Freeborn calculated?
Property taxes in Hollandale, 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 Hollandale’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hollandale, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hollandale, Freeborn County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.06%
Estimate Property Tax Bill
$1,290
$1,197
Property Tax Rates Across Hollandale, Freeborn County, Minnesota
Local government entities set tax rates, which can vary widely within a state. This is because each county estimates its required budget to provide services annually and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Votes and laws play a role in setting tax rates and budgets, but this is the annual process in a nutshell.
In Hollandale, within Freeborn County, Minnesota, the effective property tax rate is consistent with the county's median rate. This rate is slightly above the national median property tax rate of 1.02%, reflecting the unique budgetary needs and property values in the area. Compared to other cities in Minnesota, Hollandale's rate is typical, demonstrating the county's balanced approach to funding local services.
For homeowners in Hollandale, understanding the property tax rate is crucial for budgeting and financial planning. By comparing Hollandale’s rate to state and national medians, residents can gain insight into how their tax contributions support local infrastructure and services. This knowledge empowers property owners to make informed decisions about appealing their assessed values or seeking exemptions.
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 Hollandale Tax Rate
1.06%
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
1.25%
Median Effective Minnesota Tax Rate
1.11%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hollandale, Freeborn County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56045 | 0.75% | 0.91% | 1.06% | 1.46% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Hollandale, Freeborn County, Minnesota
When examining property taxes in Hollandale, 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 Freeborn 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 Freeborn 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 Hollandale.
For example, the median home price in Hollandale is $121,700, with tax bills ranging significantly across the county. Zip code 56045 has the highest median home price at $121,700.
Property Tax Assessment Values Across Hollandale, Freeborn County, Minnesota
Source: Ownwell
$40,750
$174,725
$308,700
Median Hollandale Market Value
$121,700
Median Freeborn County Market Value
$133,500
Median Minnesota Market Value
$290,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hollandale, Freeborn County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56045 | $9,460 | $54,300 | $121,700 | $194,275 | $319,370 |
Source: Ownwell
Property Tax Bills Across Hollandale, Freeborn County, Minnesota
In Hollandale, located in Freeborn County, MN, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $121,700, and homeowners typically face a property tax rate that aligns with local assessment practices. Property tax bills here can vary significantly, with the 25th percentile at $596 and the 90th percentile reaching up to $3,140. This range highlights how property values and local tax rates can affect homeowners differently. Compared to the national median property tax bill of $2,400, Hollandale's tax bills can be considerably lower or higher, depending on the specific property and assessment.
Ownwell assists homeowners by providing expert property tax appeal and exemption services, potentially reducing their tax burden. By analyzing the assessed value and ensuring it aligns with market conditions, Ownwell helps ensure homeowners are not overpaying. This service can lead to significant savings, especially for those at the higher end of the tax bill spectrum in Hollandale.
Median Hollandale Tax Bill
$1,328
Median Freeborn County Tax Bill
$1,666
Median Minnesota Tax Bill
$3,182
Median United States Tax Bill
$2,400
Property Tax Bills Across Hollandale, Freeborn County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56045 | $92 | $596 | $1,328 | $2,256 | $3,140 |
Source: Ownwell