La Crescent, Houston County, Minnesota Property Taxes
Median LA CRESCENT, MN effective property tax rate: 1.43%, significantly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median LA CRESCENT, MN home value: $266,300
Median annual LA CRESCENT, MN tax bill: $3,675, $1,275 higher than the national median property tax bill of $2,400.
How are property taxes in Houston County calculated?
Property taxes in LA CRESCENT, 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 LA CRESCENT’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in LA CRESCENT, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
La Crescent, Houston County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.43%
Estimate Property Tax Bill
$3,808
$3,534
Property Tax Rates Across La Crescent, Houston County, Minnesota
Local government entities determine tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its budget requirements to provide necessary services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the essence of the annual process.
In La Crescent, located in Houston County, Minnesota, the effective property tax rate is notable. Compared to the national median property tax rate of 1.02%, La Crescent's rate of 1.43% is higher. This rate is consistent across the county, as evidenced by the same rate in the zip code 55947. When compared to other cities within Minnesota, La Crescent's rate aligns with the state median, indicating a uniformity in property tax assessments. However, it is significantly above the national median, which can impact homeowners' annual tax bills. Understanding these rates is crucial for property owners as they plan their finances and consider potential savings through property tax appeals and 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 La Crescent Tax Rate
1.43%
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 Houston County Tax Rate
1.20%
Median Effective Minnesota Tax Rate
1.11%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across La Crescent, Houston County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55947 | 1.02% | 1.28% | 1.43% | 1.49% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across La Crescent, Houston County, Minnesota
When examining property taxes in LA CRESCENT, 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 Houston County Assessor 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 Houston County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 LA CRESCENT.
For example, the median home price in LA CRESCENT is $266,300, with tax bills ranging significantly across the county. 55947 has the highest median home price at $266,300.
Property Tax Assessment Values Across La Crescent, Houston County, Minnesota
Source: Ownwell
$128,200
$241,900
$355,600
Median La Crescent Market Value
$266,300
Median Houston County Market Value
$221,200
Median Minnesota Market Value
$290,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across La Crescent, Houston County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55947 | $159,000 | $214,100 | $266,300 | $345,200 | $459,960 |
Source: Ownwell
Property Tax Bills Across La Crescent, Houston County, Minnesota
Median La Crescent Tax Bill
$3,675
Median Houston County Tax Bill
$2,534
Median Minnesota Tax Bill
$3,182
Median United States Tax Bill
$2,400
Property Tax Bills Across La Crescent, Houston County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55947 | $1,954 | $2,868 | $3,675 | $4,792 | $6,679 |
Source: Ownwell