Hutchinson, Mcleod County, Minnesota Property Taxes

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

Median Hutchinson, MN effective property tax rate: 1.49%, significantly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Hutchinson, MN home value: $25,600
Median annual Hutchinson, MN tax bill: $484, $1,916 lower than the national median property tax bill of $2,400.

How are property taxes in McLeod calculated?

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

Last Updated March 1, 2025

Hutchinson, Mcleod County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.49%

Estimate Property Tax Bill

$381

$354

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

Local government entities are responsible for setting tax rates, which can vary significantly within a state. The process involves each county estimating its required budget annually to provide essential services and dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. Although there are votes and laws involved in setting tax rates and budgets, this is essentially the annual process. In Hutchinson, located in McLeod County, Minnesota, the effective property tax rate is 1.49%. This is notably higher than the national median property tax rate of 1.02%. When comparing Hutchinson’s property tax rate to other cities in Minnesota, it stands at the higher end of the spectrum. This means residents in Hutchinson can expect to pay more in property taxes compared to many other areas in the state. Understanding these local tax rate variations is crucial for property owners who want to manage their tax liabilities effectively.

Property Tax Rates Across Hutchinson, 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 Hutchinson Tax Rate

1.49%

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 Hutchinson, Mcleod County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55350	0.89%	1.07%	1.49%	1.84%	2.08%

Source: Ownwell

Property Tax Assessment Values Across Hutchinson, Mcleod County, Minnesota

When examining property taxes in Hutchinson, 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 Hutchinson. For example, the median home price in Hutchinson is $25,600, with tax bills ranging significantly across the county. Zip code 55350 has the highest median home price at $25,600.

Property Tax Assessment Values Across Hutchinson, Mcleod County, Minnesota

Source: Ownwell

$11,000

$27,400

$43,800

Median Hutchinson Market Value

$25,600

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 Hutchinson, Mcleod County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55350	$1,460	$10,600	$25,600	$49,700	$97,780

Source: Ownwell

Property Tax Bills Across Hutchinson, Mcleod County, Minnesota

In Hutchinson, located in McLeod County, MN, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $25,600, homeowners in Hutchinson can expect a median property tax bill of approximately $484. This figure is significantly lower than the national median property tax bill of $2,400, making Hutchinson an attractive location for cost-conscious homeowners. However, tax bills can vary, with the 25th percentile at $310 and the 90th percentile reaching $1,447, indicating a range of tax burdens depending on specific property characteristics and exemptions. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions, ensuring they are not overpaying. By leveraging expert knowledge and local market data, Ownwell helps homeowners navigate the complexities of property taxes, potentially reducing their financial burden and enhancing their overall savings.

Property Tax Bills Across Hutchinson, Mcleod County, Minnesota

Source: Ownwell

$172

$363

$554

Median Hutchinson Tax Bill

$484

Median Mcleod County Tax Bill

$460

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Hutchinson, Mcleod County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55350	$72	$310	$484	$706	$1,447

Source: Ownwell