Waterville, Le Sueur County, Minnesota Property Taxes
- Median Waterville, MN effective property tax rate: 1.10%, slightly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
- Median Waterville, MN home value: $257,200
- Median annual Waterville, MN tax bill: $2,522, $122 higher than the national median property tax bill of $2,400.
How are property taxes in Le Sueur calculated?
Property taxes in Waterville, 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 Waterville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Waterville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Waterville, Le Sueur County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.1%
Estimate Property Tax Bill
$2,829
$2,625
Property Tax Rates Across Waterville, Le Sueur County, Minnesota
Local government entities determine property tax rates, which can differ significantly within a state. This variation occurs because each county annually estimates its budgetary needs to provide essential services and divides this figure by the total assessed value of all taxable property within its boundaries, resulting in the property tax rate. Although votes and legislation play roles in setting these rates and budgets, this is the core of the annual process.
In Waterville, located in Le Sueur County, Minnesota, the effective property tax rate can be compared to other cities in the state. Minnesota's median property tax rate stands at 1.10%, slightly above the national median of 1.02%. This indicates that property owners in Minnesota, including those in Waterville, may encounter higher property taxes compared to the national average. However, within Minnesota, Waterville's rate aligns with both the highest and lowest median tax rates, suggesting uniformity in property tax rates across the region. Understanding these nuances can empower property owners in Waterville to make informed decisions about property tax appeals and exemptions, ultimately leading to potential savings.
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 Waterville Tax Rate
1.10%
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 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 Waterville, Le Sueur County, Minnesota
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
56096 | 0.74% | 0.83% | 1.10% | 1.20% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Waterville, Le Sueur County, Minnesota
Property Tax Assessment Values Across Waterville, Le Sueur County, Minnesota
Source: Ownwell

$239,600
$350,275
$460,950
Median Waterville Market Value
$257,200
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 Waterville, Le Sueur County, Minnesota
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
56096 | $107,260 | $173,075 | $257,200 | $366,950 | $513,950 |
Source: Ownwell
Property Tax Bills Across Waterville, Le Sueur County, Minnesota
In Waterville, located in Le Sueur County, MN, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is based on the market value of the property, which can fluctuate due to changes in the real estate market or improvements made to the home. Homeowners in Waterville face a median property tax bill of $2,522, slightly above the national median of $2,400. While the 25th percentile tax bill is $1,864, the 75th percentile reaches $3,390, and the 90th percentile can be as high as $4,478. These variations highlight how different factors, such as property location and home improvements, can impact tax bills.
Homeowners often find the property tax process complex and challenging. This is where Ownwell steps in, offering expertise in property tax appeals and exemptions. By analyzing individual property assessments and identifying potential savings, Ownwell helps homeowners reduce their tax burden, ensuring they pay only their fair share.
Median Waterville Tax Bill
$2,522
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 Waterville, Le Sueur County, Minnesota
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
56096 | $975 | $1,864 | $2,522 | $3,390 | $4,478 |
Source: Ownwell