Blue Earth, Martin County, Minnesota Property Taxes
Median Blue Earth, MN effective property tax rate: 0.76%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Blue Earth, MN home value: $303,550
Median annual Blue Earth, MN tax bill: $2,265, $135 lower than the national median property tax bill of $2,400.
How are property taxes in Martin County calculated?
Property taxes in Blue Earth, 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 Blue Earth’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Blue Earth, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Blue Earth, Martin County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.76%
Estimate Property Tax Bill
$2,307
$2,141
Property Tax Rates Across Blue Earth, Martin County, Minnesota
Local government entities are responsible for setting property tax rates, which can vary significantly within a state. Annually, each county, including Martin County, estimates its required budget to deliver essential services. This budget is then divided by the total value of all taxable property within the county, resulting in the property tax rate. Although votes and legislation play a role in establishing tax rates and budgets, this is the fundamental annual process.
In Blue Earth, located in Martin County, MN, the effective property tax rate is 0.76%. This rate is notably lower than the national median property tax rate of 1.02%. Comparing this with the median property tax rates across other cities in Minnesota, Blue Earth maintains a competitive edge with its lower rate. This could be particularly appealing for property owners looking to minimize their annual tax expenses. Understanding these variations can help property owners make informed decisions about where to invest or reside, based on their financial priorities and the services they value.
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 Blue Earth Tax Rate
0.76%
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 Martin County Tax Rate
1.14%
Median Effective Minnesota Tax Rate
1.11%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Blue Earth, Martin County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56013 | 0.29% | 0.47% | 0.76% | 0.94% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Blue Earth, Martin County, Minnesota
When examining property taxes in Blue Earth, 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 Martin 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 Martin County, assessment notices are sent 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 Blue Earth. For example, the median home price in Blue Earth is $303,550, with tax bills ranging significantly across the county. Zip code 56013 has the highest median home price at $303,550.
Property Tax Assessment Values Across Blue Earth, Martin County, Minnesota
Source: Ownwell
$46,300
$190,975
$335,650
Median Blue Earth Market Value
$303,550
Median Martin County Market Value
$139,200
Median Minnesota Market Value
$290,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Blue Earth, Martin County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56013 | $152,700 | $211,750 | $303,550 | $1,008,350 | $1,640,910 |
Source: Ownwell
Property Tax Bills Across Blue Earth, Martin County, Minnesota
In Blue Earth, located in Martin County, MN, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, and local government sets the tax rate based on budgetary needs. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Blue Earth face property tax bills with the 25th percentile at $1,778 and the 75th percentile reaching $4,345, indicating a range influenced by property values and individual assessments. Comparatively, the national median property tax bill is $2,400, which highlights the varying tax burdens homeowners may experience.
For homeowners looking to reduce their property tax bills, Ownwell offers expert property tax appeal services. By analyzing assessment data and identifying potential discrepancies, Ownwell can help ensure homeowners pay only their fair share. This service can be particularly beneficial in areas like Blue Earth, where property tax bills can vary significantly.
Median Blue Earth Tax Bill
$2,265
Median Martin County Tax Bill
$1,428
Median Minnesota Tax Bill
$3,182
Median United States Tax Bill
$2,400
Property Tax Bills Across Blue Earth, Martin County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56013 | $1,069 | $1,778 | $2,265 | $4,345 | $5,726 |
Source: Ownwell