Waterville, Le Sueur County, Minnesota Property Taxes

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

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

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.1%

Estimate Property Tax Bill

$2,829

$2,625

Ownwell’s Waterville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Waterville with just two data points. By entering your property's estimated assessed value, our calculator applies Waterville’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 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.

Property Tax Rates Across Waterville, 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 Waterville Tax Rate

1.10%

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

When examining property taxes in Waterville, 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 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. Assessment notices: Le Sueur County sends assessment notices 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 Waterville. For example, the median home price in Waterville is $257,200, with tax bills ranging significantly across the county. Zip code 56096 has the highest median home price at $257,200.

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.

Property Tax Bills Across Waterville, Le Sueur County, Minnesota

Source: Ownwell

$2,360

$3,385

$4,410

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