Mazeppa, Olmsted County, Minnesota Property Taxes

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

Median Mazeppa, MN effective property tax rate: 1.16%, significantly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Mazeppa, MN home value: $246,600
Median annual Mazeppa, MN tax bill: $2,280, $120 lower than the national median property tax bill of $2,400.

How are property taxes in Olmsted calculated?

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

Last Updated March 1, 2025

Mazeppa, Olmsted County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.16%

Estimate Property Tax Bill

$2,861

$2,655

Ownwell’s Mazeppa Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mazeppa with just two data points. By entering your property's estimated assessed value, our calculator applies Mazeppa’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 Mazeppa, Olmsted County, Minnesota

As noted earlier, local government entities set tax rates, which can vary widely within a state. Why? Because 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 Mazeppa’s effective property tax rate to other cities in Minnesota and the median property tax rates in Minnesota and the U.S. Mazeppa, located in Olmsted County, has an effective property tax rate that is notably higher than the national median of 1.02%. This rate reflects the county's budgetary needs and the total assessed property value. Understanding how these rates compare can help property owners anticipate their tax obligations and explore potential savings. Minnesota's median property tax rate of 1.16% also surpasses the national median, indicating a trend of higher property taxes within the state. Property owners in Mazeppa should consider the benefits of property tax appeal services to potentially reduce their tax burden and ensure they are not overpaying.

Property Tax Rates Across Mazeppa, 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 Mazeppa Tax Rate

1.16%

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 Mazeppa, Olmsted County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55956	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Mazeppa, Olmsted County, Minnesota

When examining property taxes in Mazeppa, 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 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.

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 Mazeppa. For example, the median home price in Mazeppa is $246,600, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Mazeppa, Olmsted County, Minnesota

Source: Ownwell

$207,000

$328,050

$449,100

Median Mazeppa Market Value

$246,600

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 Mazeppa, Olmsted County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55956	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Mazeppa, Olmsted County, Minnesota

In Mazeppa, Olmsted County, MN, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in Mazeppa is $246,600, which serves as a baseline for calculating the tax bill. The tax bill reflects a percentage of this assessed value, influenced by the local tax rate and any applicable exemptions. Factors such as property size, type, and improvements can affect the assessed value, impacting the final tax bill. The property tax bill can vary significantly, with the 25th percentile at $135 and the 75th percentile reaching $2,839, indicating a broad range of tax burdens among homeowners. The 90th percentile tax bill is $3,413, which can be a substantial financial obligation.

Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions. By analyzing assessments and comparable properties, Ownwell can challenge over-assessments and secure reductions, helping homeowners lower their tax bills and alleviate financial strain. This service ensures that homeowners pay only their fair share, potentially saving them hundreds or thousands annually.

Property Tax Bills Across Mazeppa, Olmsted County, Minnesota

Source: Ownwell

$2,107

$3,309

$4,511

Median Mazeppa Tax Bill

$2,280

Median Olmsted County Tax Bill

$3,296

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Mazeppa, Olmsted County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55956	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Don't miss the deadline to appeal!

Dates

Links
Olmsted Tax Assessor
Website	publicaccess.co.olmsted.mn.us