Grove City, Meeker County, Minnesota Property Taxes

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

Median Grove City, MN effective property tax rate: 0.75%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Grove City, MN home value: $177,100
Median annual Grove City, MN tax bill: $1,570, $830 lower than the national median property tax bill of $2,400.

How are property taxes in Meeker calculated?

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

Last Updated March 1, 2025

Grove City, Meeker County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.75%

Estimate Property Tax Bill

$1,328

$1,233

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

Property Tax Rates Across Grove City, Meeker County, Minnesota

Local government entities set tax rates, which can vary widely within a state. 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 Grove City’s effective property tax rate to other cities in Minnesota and the median property tax rates in Minnesota and the U.S. Grove City, located in Meeker County, has a median property tax rate of 0.75%, which is notably lower than the national median of 1.02%. This makes Grove City an attractive location for homeowners looking to reduce their property tax burden. The uniformity of the tax rate in Grove City, with both the highest and lowest median tax rates being the same at 0.75%, ensures predictability for property owners. Such consistency can be advantageous for budgeting and long-term financial planning, making the area appealing for both current and prospective residents.

Property Tax Rates Across Grove City, Meeker County, Minnesota

Source: Ownwell

0.66%

0.99%

1.31%

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 Grove City Tax Rate

0.75%

Median Effective Meeker County Tax Rate

0.88%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Grove City, Meeker County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
56243	0.53%	0.65%	0.75%	1.14%	1.36%

Source: Ownwell

Property Tax Assessment Values Across Grove City, Meeker County, Minnesota

When examining property taxes in Grove City, 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 Meeker 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 Meeker 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 Grove City. For example, the median home price in Grove City is $177,100, with tax bills ranging significantly across the county. 56243 has the highest median home price at $177,100.

Property Tax Assessment Values Across Grove City, Meeker County, Minnesota

Source: Ownwell

$127,900

$256,700

$385,500

Median Grove City Market Value

$177,100

Median Meeker County Market Value

$230,100

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Grove City, Meeker County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
56243	$61,460	$118,700	$177,100	$258,500	$364,920

Source: Ownwell

Property Tax Bills Across Grove City, Meeker County, Minnesota

In Grove City, located in Meeker County, MN, property tax bills are determined by the assessed value of a home. The local tax rate is applied to this value to calculate the annual tax bill. The median home price in Grove City is $177,100, which influences the tax amount homeowners are expected to pay. Factors such as property size, location, and improvements can affect the assessed value, and consequently, the tax bill. Homeowners in Grove City face a median property tax bill of $1,570, which is lower than the national median of $2,400. However, tax bills can range significantly, with the 25th percentile at $1,012 and the 90th percentile reaching $2,897.

Ownwell offers valuable assistance to homeowners by identifying opportunities for tax appeals and exemptions, potentially lowering these bills. By conducting a thorough analysis of property assessments and leveraging local tax regulations, Ownwell helps ensure homeowners pay only their fair share, providing peace of mind and potential savings in a fluctuating market.

Property Tax Bills Across Grove City, Meeker County, Minnesota

Source: Ownwell

$1,570

$2,202

$2,834

Median Grove City Tax Bill

$1,570

Median Meeker County Tax Bill

$2,075

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Grove City, Meeker County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
56243	$508	$1,012	$1,570	$2,165	$2,897

Source: Ownwell