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Eyota, Olmsted County, Minnesota Property Taxes

  • Median Eyota, MN effective property tax rate: 1.34%, significantly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.

  • Median Eyota, MN home value: $234,900

  • Median annual Eyota, MN tax bill: $3,134, $734 higher than the national median property tax bill of $2,400.

How are property taxes in Olmsted County calculated?

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

Last Updated March 1, 2025

Eyota, Olmsted County, Minnesota Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.34%

Estimate Property Tax Bill

$3,148

$2,921

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

Property Tax Rates Across Eyota, Olmsted 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 Eyota’s effective property tax rate to other cities in Minnesota and the median property tax rates in Minnesota and the U.S.

Property Tax Rates Across Eyota, Olmsted County, Minnesota

Source: Ownwell

0.82%

1.23%

1.64%

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 Eyota Tax Rate

1.34%

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 Olmsted County Tax Rate

1.24%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Eyota, Olmsted County, Minnesota

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
559340.92%1.03%1.34%1.42%1.65%

Source: Ownwell

Property Tax Assessment Values Across Eyota, Olmsted County, Minnesota

When examining property taxes in Eyota, 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 Olmsted 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: In Olmsted 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 Eyota. For example, the median home price in Eyota is $234,900, with tax bills ranging significantly across the county. 55934 has the highest median home price at $234,900.

Property Tax Assessment Values Across Eyota, Olmsted County, Minnesota

Source: Ownwell

$207,000

$328,050

$449,100

Median Eyota Market Value

$234,900

Median Olmsted County Market Value

$264,500

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Eyota, Olmsted County, Minnesota

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
55934$128,200$186,900$234,900$313,400$412,700

Source: Ownwell

Property Tax Bills Across Eyota, Olmsted County, Minnesota

In Eyota, Olmsted County, MN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $234,900, homeowners in Eyota face tax bills that can vary significantly. For instance, tax bills at the 25th percentile are around $2,496, while those at the 75th percentile reach $3,951. The 90th percentile tax bills can soar to $4,860, highlighting the potential financial burden on homeowners. These figures are above the national median property tax bill of $2,400, indicating a relatively high property tax environment. Homeowners can benefit from Ownwell's expertise in appealing property tax assessments and securing exemptions. By leveraging local knowledge and tax law expertise, Ownwell helps homeowners potentially reduce their tax liabilities, ensuring they pay only their fair share and not a penny more.

Property Tax Bills Across Eyota, Olmsted County, Minnesota

Source: Ownwell

$2,107

$3,309

$4,511

Median Eyota Tax Bill

$3,134

Median Olmsted County Tax Bill

$3,296

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Eyota, Olmsted County, Minnesota

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
55934$1,447$2,496$3,134$3,951$4,860

Source: Ownwell

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