Lynd, Lyon County, Minnesota Property Taxes

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

Median LYND, MN effective property tax rate: 1.02%, exactly the same as the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median LYND, MN home value: $147,000
Median annual LYND, MN tax bill: $1,312, $1,088 lower than the national median property tax bill of $2,400.

How are property taxes in Lyon calculated?

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

Last Updated March 1, 2025

Lynd, Lyon County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.02%

Estimate Property Tax Bill

$1,499

$1,391

Ownwell’s LYND Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in LYND with just two data points. By entering your property's estimated assessed value, our calculator applies LYND’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 Lyon County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lynd, Lyon County, Minnesota

Local government entities are responsible for setting property tax rates, which can differ significantly across various regions within a state. This variation occurs because each county annually calculates its required budget to deliver essential services and divides this budget by the total value of all taxable property within its area, resulting in the property tax rate. While the process involves votes and legislation to establish tax rates and budgets, this is the fundamental mechanism each year.

In Lynd, located in Lyon County, Minnesota, the effective property tax rate can be compared to other cities within the state and the national median. With a property tax rate of 1.02%, Lynd aligns precisely with both the state and national medians. This consistency offers a standard benchmark for property owners in Lynd, providing predictability in their financial planning. Understanding these rates is crucial for property owners as it directly impacts their annual tax bills. By knowing how Lynd's rates compare, property owners can make informed decisions and potentially explore options for appealing or adjusting their property tax assessments if needed.

Property Tax Rates Across Lynd, Lyon County, Minnesota

Source: Ownwell

0.60%

1.12%

1.65%

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 Lynd Tax Rate

1.02%

Median Effective Lyon County Tax Rate

1.21%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lynd, Lyon County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
56157	0.57%	0.73%	1.02%	1.20%	1.35%

Source: Ownwell

Property Tax Assessment Values Across Lynd, Lyon County, Minnesota

When examining property taxes in LYND, 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 Lyon County Assessor's Office 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 Lyon 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 LYND.

For example, the median home price in LYND is $147,000, with tax bills ranging significantly across the county. 56157 has the highest median home price at $147,000.

Property Tax Assessment Values Across Lynd, Lyon County, Minnesota

Source: Ownwell

$50,100

$158,650

$267,200

Median Lynd Market Value

$147,000

Median Lyon County Market Value

$158,500

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lynd, Lyon County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
56157	$6,280	$56,800	$147,000	$340,500	$507,280

Source: Ownwell

Property Tax Bills Across Lynd, Lyon County, Minnesota

In LYND, MN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors who evaluate the property's market value. The median home price in LYND is $147,000, and the assessed value is multiplied by the local tax rate to determine the annual tax bill. In Lyon County, where LYND is located, the median property tax bill is $1,312, which is below the national median of $2,400. Homeowners in LYND face a range of property tax bills, with the 25th percentile at $536 and the 90th percentile reaching $5,504. These variations depend on factors like property size, location, and improvements made to the home. High property taxes can be a financial burden, but Ownwell offers a solution. By analyzing property assessments and identifying potential errors or opportunities for exemptions, Ownwell helps homeowners appeal their assessments, potentially lowering their tax bills and easing their financial burden.

Property Tax Bills Across Lynd, Lyon County, Minnesota

Source: Ownwell

$522

$1,358

$2,194

Median Lynd Tax Bill

$1,312

Median Lyon County Tax Bill

$1,794

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Lynd, Lyon County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
56157	$92	$536	$1,312	$3,174	$5,504

Source: Ownwell