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Marshall, Redwood County, Minnesota Property Taxes

  • Median Marshall, MN effective property tax rate: 0.93%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.

  • Median Marshall, MN home value: $298,500

  • Median annual Marshall, MN tax bill: $3,153, $753 higher than the national median property tax bill of $2,400.

How are property taxes in Redwood County calculated?

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

Last Updated March 1, 2025

Marshall, Redwood County, Minnesota Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.87%

Estimate Property Tax Bill

$2,357

$2,187

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

Property Tax Rates Across Marshall, Redwood County, Minnesota

Local government entities set tax rates, which can vary widely within a state. This is because each county, including Redwood County, annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

In Marshall, located in Redwood County, MN, the effective property tax rate can be compared to other cities within Minnesota, as well as the state and national medians. Minnesota's median property tax rate is 0.93%, which is slightly below the national median of 1.02%. This indicates that property owners in Marshall might pay less compared to the national average, but it's essential to consider other factors such as local property values and exemptions that could influence individual tax bills. Comparing these rates provides a clearer picture of how Marshall's property taxes align with broader trends, offering valuable insights for property owners seeking to understand their tax obligations.

Property Tax Rates Across Marshall, Redwood County, Minnesota

Source: Ownwell

0.56%

1.26%

1.96%

Our median effective property tax rate (tax bill Ă· 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 Marshall Tax Rate

0.87%

Our median effective property tax rate (tax bill Ă· 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 Redwood County Tax Rate

1.27%

Median Effective Minnesota Tax Rate

1.13%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Marshall, Redwood County, Minnesota

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
56258N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Assessment Values Across Marshall, Redwood County, Minnesota

When examining property taxes in Marshall, 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 Redwood 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 Redwood 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 Marshall.

For example, the median home price in Marshall is $298,500, with tax bills ranging significantly across the county. This figure is above the national median property tax bill of $2,400.

Property Tax Assessment Values Across Marshall, Redwood County, Minnesota

Source: Ownwell

$49,650

$169,850

$290,050

Median Marshall Market Value

$270,900

Median Redwood County Market Value

$125,800

Median Minnesota Market Value

$304,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Marshall, Redwood County, Minnesota

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
56258N/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Bills Across Marshall, Redwood County, Minnesota

In Marshall, located in Redwood County, MN, property tax bills are calculated based on the assessed value of a home, which is influenced by the local market conditions and property characteristics. The median home price in Marshall is $298,500. Property tax bills can vary significantly, with the 25th percentile at $1,732 and the 75th percentile reaching $3,484. At the higher end, the 90th percentile tax bill is $3,835. These figures reflect how property taxes can impact homeowners differently, often depending on the assessed value of their homes compared to the market value. Given that the national median property tax rate is 1.02%, homeowners in Marshall may find their tax bills higher or lower than the national median bill of $2,400. Ownwell offers valuable assistance by helping homeowners navigate the property tax appeal process, potentially lowering their tax bills. By assessing whether a property's assessed value is fair, Ownwell can identify opportunities for savings, ensuring homeowners are not overpaying on their property taxes.

Property Tax Bills Across Marshall, Redwood County, Minnesota

Source: Ownwell

$675

$1,523

$2,370

Median Marshall Tax Bill

$2,896

Median Redwood County Tax Bill

$1,428

Median Minnesota Tax Bill

$3,364

Median United States Tax Bill

$2,400

Property Tax Bills Across Marshall, Redwood County, Minnesota

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
56258N/AN/AN/AN/AN/A

Source: Ownwell

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