Grand Meadow, Mower County, Minnesota Property Taxes
Median Grand Meadow, MN effective property tax rate: 1.22%, significantly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Grand Meadow, MN home value: $229,100
Median annual Grand Meadow, MN tax bill: $2,622, $222 higher than the national median property tax bill of $2,400.
How are property taxes in Mower County calculated?
Property taxes in Grand Meadow, 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 Grand Meadow’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Grand Meadow, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Grand Meadow, Mower County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.22%
Estimate Property Tax Bill
$2,795
$2,594
Property Tax Rates Across Grand Meadow, Mower County, Minnesota
Local government entities set tax rates, which can vary widely within a state. This variation arises because each county annually estimates its required budget to fund essential services and divides this by the total assessed value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in determining tax rates and budgets, this is essentially the annual process.
In Grand Meadow, located in Mower County, Minnesota, the effective property tax rate stands at 1.22%, which is notably higher than the national median of 1.02%. This means homeowners in Grand Meadow could face higher property tax bills compared to the national average. However, the property tax rate in Grand Meadow aligns with the median rate for the state of Minnesota, reflecting a consistency in tax rates within the state. While local tax rates can fluctuate based on county budgets and property values, understanding these rates can help property owners in Grand Meadow anticipate their tax liabilities and explore potential savings through appeals or exemptions.
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 Grand Meadow Tax Rate
1.22%
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 Mower County Tax Rate
1.19%
Median Effective Minnesota Tax Rate
1.11%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Grand Meadow, Mower County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55936 | 0.42% | 0.83% | 1.22% | 1.39% | 1.85% |
Source: Ownwell
Property Tax Assessment Values Across Grand Meadow, Mower County, Minnesota
When examining property taxes in Grand Meadow, 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. Mower County 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 Mower County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Grand Meadow. For example, the median home price in Grand Meadow is $229,100, with tax bills ranging significantly across the county. 55936 has the highest median home price at $229,100.
Property Tax Assessment Values Across Grand Meadow, Mower County, Minnesota
Source: Ownwell
$131,300
$297,250
$463,200
Median Grand Meadow Market Value
$229,100
Median Mower County Market Value
$155,900
Median Minnesota Market Value
$290,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Grand Meadow, Mower County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55936 | $35,800 | $150,125 | $229,100 | $368,450 | $682,250 |
Source: Ownwell
Property Tax Bills Across Grand Meadow, Mower County, Minnesota
Median Grand Meadow Tax Bill
$2,622
Median Mower County Tax Bill
$1,856
Median Minnesota Tax Bill
$3,182
Median United States Tax Bill
$2,400
Property Tax Bills Across Grand Meadow, Mower County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55936 | $680 | $1,782 | $2,622 | $3,602 | $4,928 |
Source: Ownwell