Reading, Nobles County, Minnesota Property Taxes

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

Median READING, MN effective property tax rate: 0.59%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median READING, MN home value: $170,000
Median annual READING, MN tax bill: $958, $1,442 lower than the national median property tax bill of $2,400.

How are property taxes in Nobles calculated?

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

Last Updated March 1, 2025

Reading, Nobles County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.59%

Estimate Property Tax Bill

$1,003

$931

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

Property Tax Rates Across Reading, Nobles County, Minnesota

Local government entities set tax rates, which can vary widely within a state. This variation is due to the fact that each county estimates its required budget to provide services annually 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 Reading, located in Nobles County, the effective property tax rate is 0.59%, which is notably lower than the national median property tax rate of 1.02%. This makes Reading an attractive location for property owners seeking lower tax burdens. Additionally, when compared to other cities in Minnesota, Reading's rate remains consistent with the state's median, offering a competitive advantage for potential homeowners and investors. The lower tax rate can result in substantial savings over time, making it a compelling reason to consider Reading for property investment.

Property Tax Rates Across Reading, 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 Reading Tax Rate

0.59%

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 Reading, Nobles County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
56165	0.47%	0.52%	0.59%	0.65%	0.79%

Source: Ownwell

Property Tax Assessment Values Across Reading, Nobles County, Minnesota

When examining property taxes in Reading, Minnesota, 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 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 Nobles 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 Reading.

For example, the median home price in Reading is $170,000, with tax bills ranging significantly across the county. The zip code 56165 has the highest median home price at $170,000.

Property Tax Assessment Values Across Reading, Nobles County, Minnesota

Source: Ownwell

$45,000

$121,350

$197,700

Median Reading Market Value

$170,000

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 Reading, Nobles County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
56165	$48,460	$117,550	$170,000	$273,100	$405,300

Source: Ownwell

Property Tax Bills Across Reading, Nobles County, Minnesota

In Reading, located in Nobles County, MN, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. With a median home price of $170,000, homeowners can expect varying tax bills based on their property's assessed value. The tax bill in this region ranges from the 25th percentile at $609 to the 90th percentile at $2,782, reflecting the diversity in property values and tax rates. The highest and lowest median tax bills both stand at $958 in the 56165 zip code, indicating a consistent tax landscape within that area. Compared to the national median property tax bill of $2,400, Reading's property taxes can be significantly lower, offering a financial advantage to its residents. Homeowners can benefit from Ownwell's expertise in property tax appeals and exemptions, potentially reducing their tax burden. By analyzing property assessments and identifying discrepancies, Ownwell can help homeowners in Reading save on their property tax bills, ensuring they pay only what is fair and accurate.

Property Tax Bills Across Reading, Nobles County, Minnesota

Source: Ownwell

$499

$1,282

$2,064

Median Reading Tax Bill

$958

Median Nobles County Tax Bill

$1,588

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Reading, Nobles County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
56165	$148	$609	$958	$1,903	$2,782

Source: Ownwell