Montgomery, Le Sueur County, Minnesota Property Taxes

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

Median Montgomery, MN effective property tax rate: 1.28%, significantly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Montgomery, MN home value: $261,050
Median annual Montgomery, MN tax bill: $3,258, $858 higher than the national median property tax bill of $2,400.

How are property taxes in Le Sueur calculated?

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

Last Updated March 1, 2025

Montgomery, Le Sueur County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.28%

Estimate Property Tax Bill

$3,341

$3,101

Ownwell’s Montgomery Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Montgomery with just two data points.

By entering your property's estimated assessed value, our calculator applies Montgomery’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 Le Sueur County.

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

Property Tax Rates Across Montgomery, Le Sueur County, Minnesota

Local government entities are responsible for setting tax rates, which can vary widely within Minnesota. Annually, each county, including Le Sueur 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 Montgomery’s effective property tax rate to other cities in Minnesota and the median property tax rates in Minnesota and the U.S. Montgomery's median property tax rate of 1.28% is notably higher than the national median of 1.02%, illustrating the variance within property tax rates across the country. This rate is also the highest and lowest within the zip code 56069, reflecting a consistent tax rate across the area. Understanding these differences is crucial for property owners looking to manage their tax liabilities effectively.

Property Tax Rates Across Montgomery, Le Sueur County, Minnesota

Source: Ownwell

0.82%

1.18%

1.53%

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 Montgomery Tax Rate

1.28%

Median Effective Le Sueur County Tax Rate

1.14%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Montgomery, Le Sueur County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
56069	0.87%	0.98%	1.28%	1.36%	1.46%

Source: Ownwell

Property Tax Assessment Values Across Montgomery, Le Sueur County, Minnesota

When examining property taxes in Montgomery, 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 Le Sueur 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 Le Sueur 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 Montgomery. For example, the median home price in Montgomery is $261,050, with tax bills ranging significantly across the county. Zip code 56069 has the highest median home price at $261,050.

Property Tax Assessment Values Across Montgomery, Le Sueur County, Minnesota

Source: Ownwell

$239,600

$350,275

$460,950

Median Montgomery Market Value

$261,050

Median Le Sueur County Market Value

$290,800

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Montgomery, Le Sueur County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
56069	$152,660	$198,150	$261,050	$358,875	$512,680

Source: Ownwell

Property Tax Bills Across Montgomery, Le Sueur County, Minnesota

In Montgomery, located in Le Sueur County, MN, property tax bills are determined based on the assessed value of a home and the local tax rate. The median home price in this area is $261,050, influencing the property tax bill homeowners receive. The tax bill at the 25th percentile is $2,474, while at the 75th percentile, it rises to $4,262, and at the 90th percentile, it reaches $5,192. The median property tax bill in Montgomery is $3,258, which is notably higher than the national median of $2,400. This can place a significant financial burden on homeowners, making it essential to ensure that their property taxes are fair and accurate. Ownwell assists homeowners by providing property tax appeal and exemption services, potentially reducing their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell helps homeowners secure fairer tax rates, ultimately saving them money and alleviating the financial pressure associated with property taxes.

Property Tax Bills Across Montgomery, Le Sueur County, Minnesota

Source: Ownwell

$2,360

$3,385

$4,410

Median Montgomery Tax Bill

$3,258

Median Le Sueur County Tax Bill

$3,200

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Montgomery, Le Sueur County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
56069	$1,800	$2,474	$3,258	$4,262	$5,192

Source: Ownwell