Lyon County, Minnesota Property Taxes
Property Taxes in Lyon County, Minnesota
Median Lyon County effective property tax rate: 1.18%, significantly higher than the national median of 1.02%.
Median Lyon County home value: $166,950
Median annual Lyon County tax bill: $1,840, lower than the national median property tax bill of $2,400.
How are property taxes in Lyon County calculated?
Property taxes in Lyon County 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.
Why are property taxes in Lyon County important to understand? Because knowing how your assessed value is set can help you spot savings opportunities and better understand your bill.
Are property taxes in Lyon County higher than the Minnesota median? Yes. Lyon County’s effective property tax rate is 1.18%, which is higher than Minnesota’s 1.13% median rate.
Whether you live in Lyon County or another part of the county, understanding local tax details can benefit homeowners and investors.
Last Updated April 13, 2026
Lyon County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.18%
Estimate Property Tax Bill
$1,970
$1,828
How Does the Lyon County Property Tax Calculator Work?
Use this Lyon County property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Lyon County's median effective tax rate of 1.18% to generate your estimate.
Enter your property's estimated assessed value — the figure the assessor assigns for tax purposes, which is typically lower than market value after applicable exemptions. Our calculator uses the median effective rate for a more accurate estimate than the statutory millage rate alone.
Your actual bill may vary based on your specific exemptions, local school district levies, and any special assessment districts that apply to your property. Lyon County’s median effective tax rate is higher than Minnesota’s 1.13% and above the national median property tax rate of 1.02%.
For a more precise estimate, scroll down to explore city and ZIP code-level tax rate trends across Lyon County.
Property Tax Rates Across Lyon County, Minnesota
What Are Effective Property Tax Rates Across Lyon County?
Local government entities set tax rates, which vary widely across Lyon County. Each year, the county estimates its budget for public services and divides that total by the assessed value of all taxable property within its jurisdiction.
Below, compare Lyon County’s effective property tax rate to other counties in Minnesota or the U.S. median of 1.02%.
Lyon County’s median effective rate stands at 1.18%, which is higher than the national median of 1.02%. Within Lyon County, the highest rate is found in Tracy at 1.60%, while Tyler has the lowest at 0.63%.
These variations reflect differences in local school district levies, special assessment districts assessments, and special district bonds — which compound the base county rate.
Our median effective property tax rate (tax bill Ă· 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 Lyon County Tax Rate
1.18%
Our median effective property tax rate (tax bill Ă· 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 Minnesota Tax Rate
1.13%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lyon County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Balaton | 0.55% | 0.64% | 1.34% | 1.75% | 2.16% |
| Cottonwood | 0.65% | 1.03% | 1.23% | 1.34% | 1.45% |
| Garvin | 0.52% | 0.57% | 1.21% | 1.57% | 2.18% |
| Ghent | 0.62% | 1.09% | 1.38% | 1.48% | 1.61% |
| Lynd | 0.56% | 0.67% | 0.99% | 1.13% | 1.30% |
| Marshall | 0.67% | 1.00% | 1.14% | 1.22% | 1.36% |
| Minneota | 0.65% | 1.05% | 1.25% | 1.37% | 1.48% |
| Russell | 0.58% | 0.72% | 1.19% | 1.41% | 1.60% |
| Taunton | 0.60% | 0.64% | 0.69% | 1.01% | 1.18% |
| Tracy | 0.59% | 1.25% | 1.60% | 2.07% | 2.80% |
| Tyler | 0.39% | 0.55% | 0.63% | 0.72% | 0.85% |
| Arco | N/A | N/A | N/A | N/A | N/A |
| Milroy | N/A | N/A | N/A | N/A | N/A |
| Ruthton | N/A | N/A | N/A | N/A | N/A |
| Wood Lake | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Lyon County, Minnesota
When examining property taxes in Lyon County, understanding the distinction between market value and assessed value is crucial.
What is the market value? 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 Lyon County assessor estimates the market value for tax purposes.
What is the assessed value? 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.
When are assessment notices sent? In Lyon County, assessment notices are sent in the spring each year and 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. The median tax bill in Lyon County is $1,840, compared with the national median property tax bill of $2,400. Tyler has the highest median home price at $369,800.
Median Lyon County Market Value
$166,950
Median Minnesota Market Value
$304,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lyon County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Balaton | $10,310 | $46,100 | $95,300 | $201,875 | $341,540 |
| Cottonwood | $12,160 | $94,075 | $175,750 | $287,425 | $403,120 |
| Garvin | $2,780 | $33,300 | $61,700 | $197,400 | $322,000 |
| Ghent | $44,600 | $99,050 | $162,900 | $228,500 | $326,800 |
| Lynd | $7,370 | $62,800 | $153,400 | $351,825 | $534,700 |
| Marshall | $72,030 | $134,400 | $202,550 | $277,725 | $365,770 |
| Minneota | $7,030 | $58,925 | $135,750 | $207,450 | $301,340 |
| Russell | $5,460 | $56,300 | $106,900 | $218,400 | $356,820 |
| Taunton | $1,700 | $15,900 | $72,550 | $131,825 | $245,750 |
| Tracy | $11,460 | $54,425 | $97,700 | $152,450 | $232,180 |
| Tyler | $115,210 | $203,275 | $369,800 | $488,625 | $551,880 |
| Arco | N/A | N/A | N/A | N/A | N/A |
| Milroy | N/A | N/A | N/A | N/A | N/A |
| Ruthton | N/A | N/A | N/A | N/A | N/A |
| Wood Lake | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Lyon County, Minnesota
Property tax bills in Lyon County are based on the assessed value of a home and the local tax rate set by taxing authorities. The county’s median home price is $166,950, and that value helps determine how much a homeowner owes each year. If a property is assessed at a higher market value, the tax bill will generally be higher, while a lower assessed value can mean a smaller bill.
Several factors affect the final amount, including the home’s assessed value, local budgets, and the tax rates applied by schools, cities, and other public services. In Lyon County, the 25th percentile tax bill is $966, the 75th percentile is $2,806, and the 90th percentile is $3,908. That range shows how much bills can vary from one homeowner to another.
For homeowners, this means property taxes can have a meaningful impact on annual housing costs. Even similar homes may be taxed differently depending on assessment and local levies.
Median Lyon County Tax Bill
$1,840
Median Minnesota Tax Bill
$3,364
Median United States Tax Bill
$2,400
Property Tax Bills Across Lyon County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Balaton | $114 | $592 | $1,142 | $2,002 | $3,374 |
| Cottonwood | $216 | $976 | $1,895 | $3,038 | $4,993 |
| Garvin | $51 | $396 | $797 | $1,306 | $2,051 |
| Ghent | $504 | $1,105 | $1,830 | $2,833 | $3,538 |
| Lynd | $90 | $586 | $1,401 | $3,104 | $5,197 |
| Marshall | $670 | $1,400 | $2,210 | $3,042 | $4,106 |
| Minneota | $113 | $688 | $1,528 | $2,390 | $3,399 |
| Russell | $58 | $600 | $1,238 | $2,021 | $2,770 |
| Taunton | $20 | $164 | $495 | $869 | $1,466 |
| Tracy | $193 | $796 | $1,584 | $2,360 | $3,362 |
| Tyler | $630 | $1,143 | $1,904 | $2,872 | $3,905 |
| Arco | N/A | N/A | N/A | N/A | N/A |
| Milroy | N/A | N/A | N/A | N/A | N/A |
| Ruthton | N/A | N/A | N/A | N/A | N/A |
| Wood Lake | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 30 |
Links | |
|---|---|
| Lyon Tax Assessor | |
| Website | lyon.minnesotaassessors.com |