Glencoe, Mcleod County, Minnesota Property Taxes

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

Median Glencoe, MN effective property tax rate: 1.50%, significantly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Glencoe, MN home value: $34,400
Median annual Glencoe, MN tax bill: $512, $1,888 lower than the national median property tax bill of $2,400.

How are property taxes in McLeod County calculated?

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

Last Updated March 1, 2025

Glencoe, Mcleod County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.5%

Estimate Property Tax Bill

$516

$479

Ownwell’s Glencoe Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Glencoe with just two data points.

By entering your property's estimated assessed value, our calculator applies Glencoe’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 McLeod County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Glencoe, Mcleod County, Minnesota

Local government entities set tax rates, which can vary widely within a state. The reason for this variation is that 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. In Glencoe, located in McLeod County, Minnesota, the effective property tax rate is a reflection of this process. When comparing Glencoe’s rate to other cities in Minnesota, it becomes evident that local factors significantly influence property tax rates. Minnesota's median property tax rate is higher than the national median of 1.02%, which can impact homeowners' annual tax bills. Understanding how these rates are determined and how they compare to national figures is crucial for property owners looking to manage their tax liabilities effectively.

Property Tax Rates Across Glencoe, Mcleod County, Minnesota

Source: Ownwell

0.94%

1.71%

2.48%

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 Glencoe Tax Rate

1.50%

Median Effective Mcleod County Tax Rate

1.47%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Glencoe, Mcleod County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55336	0.83%	1.15%	1.50%	1.82%	1.83%

Source: Ownwell

Property Tax Assessment Values Across Glencoe, Mcleod County, Minnesota

When examining property taxes in Glencoe, 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 McLeod 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 McLeod 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 Glencoe. For example, the median home price in Glencoe is $34,400, with tax bills ranging significantly across the county. Zip code 55336 has the highest median home price at $34,400.

Property Tax Assessment Values Across Glencoe, Mcleod County, Minnesota

Source: Ownwell

$11,000

$27,400

$43,800

Median Glencoe Market Value

$34,400

Median Mcleod County Market Value

$25,200

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Glencoe, Mcleod County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55336	$2,370	$20,900	$34,400	$49,075	$89,460

Source: Ownwell

Property Tax Bills Across Glencoe, Mcleod County, Minnesota

In Glencoe, located in McLeod County, Minnesota, property tax bills are calculated based on the assessed value of a home. The median home price in Glencoe is $34,400. Property tax rates are applied to this assessed value to determine the annual tax bill. Factors such as local government budgets, school district funding, and public services influence the tax rate. In Glencoe, the median property tax bill is $512, significantly lower than the national median of $2,400, making it an attractive location for homeowners seeking affordability. However, even with lower tax bills, homeowners can still benefit from ensuring their property assessments are accurate. Ownwell provides expert property tax appeal and exemption services to help homeowners in Glencoe potentially reduce their tax liabilities. By analyzing property assessments and identifying discrepancies, Ownwell ensures homeowners pay only their fair share. This service can lead to significant savings, offering peace of mind and financial relief for property owners in the area.

Property Tax Bills Across Glencoe, Mcleod County, Minnesota

Source: Ownwell

$172

$363

$554

Median Glencoe Tax Bill

$512

Median Mcleod County Tax Bill

$460

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Glencoe, Mcleod County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55336	$322	$380	$512	$656	$1,033

Source: Ownwell