Tyler, Lyon County, Minnesota Property Taxes

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

Median Tyler, MN effective property tax rate: 0.60%, significantly lower than the national median of 1.02%, and also lower than the Minnesota state median of 1.11%.
Median Tyler, MN home value: $267,200
Median annual Tyler, MN tax bill: $2,068, $332 lower than the national median property tax bill of $2,400.

How are property taxes in Lyon County calculated?

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

Last Updated March 1, 2025

Tyler, Lyon County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.6%

Estimate Property Tax Bill

$1,603

$1,488

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

Local government entities set tax rates, which can vary widely within a state. This occurs because annually, each 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 Tyler’s effective property tax rate to other cities in Minnesota and the median property tax rates in Minnesota and the U.S. Minnesota’s median property tax rate is 0.60%, which is significantly lower than the national median of 1.02%. This means that property owners in Tyler, located in Lyon County, are likely to pay less in property taxes compared to the national average. Understanding these rates is crucial for property owners aiming to manage their expenses effectively. While the property tax rate in Tyler aligns with the state’s median, it remains considerably below the national average, offering a financial advantage for residents.

Property Tax Rates Across Tyler, 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 Tyler Tax Rate

0.60%

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 Tyler, Lyon County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
56178	0.37%	0.49%	0.60%	0.81%	0.91%

Source: Ownwell

Property Tax Assessment Values Across Tyler, Lyon County, Minnesota

When examining property taxes in Tyler, 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 Lyon 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 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 Tyler. For example, the median home price in Tyler is $267,200, with tax bills ranging significantly across the county. Zip code 56178 has the highest median home price at $267,200.

Property Tax Assessment Values Across Tyler, Lyon County, Minnesota

Source: Ownwell

$50,100

$158,650

$267,200

Median Tyler Market Value

$267,200

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 Tyler, Lyon County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
56178	$101,900	$174,050	$267,200	$407,600	$451,200

Source: Ownwell

Property Tax Bills Across Tyler, Lyon County, Minnesota

In Tyler, located in Lyon County, MN, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the market value, which is influenced by factors such as the property's location, size, and condition. In Tyler, the median tax bill is below the national median, offering homeowners a more affordable tax environment. However, bills can vary significantly, with the 25th percentile at $755 and the 90th percentile reaching $2,968, reflecting differences in property values and assessments. Homeowners might find these variations impactful, especially when budgeting for annual expenses. Ownwell assists homeowners in reducing their property tax bills by analyzing assessments and identifying potential inaccuracies or missed exemptions. By filing appeals and ensuring accurate valuations, Ownwell helps clients lower their tax liabilities, potentially saving them hundreds of dollars annually. This service is invaluable for those seeking financial relief and a fair assessment of their property's worth.

Property Tax Bills Across Tyler, Lyon County, Minnesota

Source: Ownwell

$522

$1,358

$2,194

Median Tyler Tax Bill

$2,068

Median Lyon County Tax Bill

$1,794

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Tyler, Lyon County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
56178	$382	$755	$2,068	$2,382	$2,968

Source: Ownwell