Heron Lake, Nobles County, Minnesota Property Taxes

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

Median Heron Lake, MN effective property tax rate: 0.80%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Heron Lake, MN home value: $346,800
Median annual Heron Lake, MN tax bill: $2,784, $384 higher than the national median property tax bill of $2,400.

How are property taxes in Nobles County calculated?

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

Last Updated March 1, 2025

Heron Lake, Nobles County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.8%

Estimate Property Tax Bill

$2,774

$2,575

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

Property Tax Rates Across Heron Lake, Nobles County, Minnesota

Local government entities determine property tax rates, which can vary significantly within Minnesota. Each year, Nobles County calculates the necessary budget to fund local services and divides this by the total assessed value of all taxable property within its boundaries. This process determines the effective property tax rate for Heron Lake. Although the setting of tax rates and budgets involves votes and legislative processes, this calculation is the essence of the annual procedure.

Heron Lake's effective property tax rate offers a point of comparison to other cities within Minnesota and to the state and national medians. The city's rate is influenced by local budgetary needs and the total assessed property values. When compared to the national median property tax rate of 1.02%, Minnesota's median rate of 0.80% provides a broader context. This comparison highlights how Heron Lake's property tax environment aligns with broader trends. Understanding these rates helps property owners gauge their tax responsibilities and explore opportunities for appeals or exemptions, potentially leading to significant savings.

Property Tax Rates Across Heron Lake, Nobles County, Minnesota

Source: Ownwell

0.59%

0.95%

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 Heron Lake Tax Rate

0.80%

Median Effective Nobles County Tax Rate

1.00%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Heron Lake, Nobles County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
56137	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Heron Lake, Nobles County, Minnesota

When examining property taxes in Heron Lake, 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 Nobles 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. Assessment notices: Nobles County sends assessment notices 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 Heron Lake. For example, the median home price in Heron Lake is $346,800, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Heron Lake, Nobles County, Minnesota

Source: Ownwell

$45,000

$121,350

$197,700

Median Heron Lake Market Value

$346,800

Median Nobles County Market Value

$169,800

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Heron Lake, Nobles County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
56137	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Heron Lake, Nobles County, Minnesota

In Heron Lake, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. In Nobles County, where Heron Lake is located, the median property tax bill is $2,784, which is above the national median of $2,400. This suggests that homeowners in Heron Lake might be paying more than the average American homeowner. The tax bill can vary significantly depending on the assessed value of the property and the specific tax rate applied. Factors like property improvements, market conditions, and changes in local government budgets can influence these assessments, impacting how much homeowners pay. Ownwell can assist homeowners by reviewing their property assessments and identifying potential discrepancies or opportunities for exemptions. By leveraging our expertise, homeowners may be able to reduce their property tax burden, ensuring they are not overpaying and are taking advantage of all available savings.

Property Tax Bills Across Heron Lake, Nobles County, Minnesota

Source: Ownwell

$499

$1,282

$2,064

Median Heron Lake Tax Bill

$2,784

Median Nobles County Tax Bill

$1,588

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Heron Lake, Nobles County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
56137	N/A	N/A	N/A	N/A	N/A

Source: Ownwell