Redwood Falls, Redwood County, Minnesota Property Taxes
Property Taxes in Redwood Falls, Minnesota
Median Redwood Falls, Minnesota effective property tax rate: 1.27%, significantly higher than the national median of 1.02%, and higher than the Minnesota state median of 1.13%.
Median Redwood Falls, Minnesota home value: $150,000
Median annual Redwood Falls, Minnesota tax bill: $1,744, $656 lower than the national median property tax bill of $2,400.
How are property taxes in Redwood County calculated?
Property taxes in Redwood Falls, Minnesota 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 Redwood Falls' property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Redwood Falls, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Redwood Falls, Redwood County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.27%
Estimate Property Tax Bill
$1,905
$1,768
How Does the Redwood Falls Property Tax Calculator Work?
Use this Redwood Falls property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Redwood Falls's median effective tax rate of 1.27% — based on actual property records in Redwood County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment system uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Redwood Falls's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Redwood Falls: rates range from 1.27% in 56283 to 1.27% in 56283, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Redwood Falls.
About Redwood Falls Property Taxes
About Property Taxes in Redwood Falls, Redwood, Minnesota
Redwood Falls’s median effective property tax rate of 1.27% is higher than the Minnesota state median of 1.13% and higher than the national median of 1.02%. This rate reflects the Redwood County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Redwood Falls. Homeowners in the 56283 ZIP code carry a median effective rate of 1.27%, while those in the lowest ZIP also pay 1.27%. This reflects how school district boundaries and local assessment districts are drawn across Redwood County. Understanding which part of Redwood Falls you live in can make a meaningful difference to your annual tax bill.
Redwood Falls homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the April 30, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Redwood Falls, Redwood 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 Redwood Falls's effective property tax rate to other cities in Minnesota and the median property tax rates in Minnesota and the U.S.
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 Redwood Falls Tax Rate
1.27%
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 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 Redwood Falls, Redwood County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56283 | 0.76% | 1.06% | 1.27% | 1.42% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Redwood Falls, Redwood County, Minnesota
When examining property taxes in Redwood Falls, 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 Redwood County assessment 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 Redwood County are sent in the spring each year and typically reach your mailbox by the middle of the month. 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.
For example, the median home price in Redwood Falls is $150,000, and the median tax bill is $1,744, compared with the national median property tax bill of $2,400. The highest median home price is in 56283 at $150,000.
Property Tax Assessment Values Across Redwood Falls, Redwood County, Minnesota
Source: Ownwell
$49,650
$169,850
$290,050
Median Redwood Falls Market Value
$150,000
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 Redwood Falls, Redwood County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56283 | $35,060 | $92,100 | $150,000 | $230,600 | $340,960 |
Source: Ownwell
Property Tax Bills Across Redwood Falls, Redwood County, Minnesota
Property tax bills in Redwood Falls are based on the assessed value of a home and the local tax rate set for Redwood County and other local taxing authorities. When a home’s market value rises, its assessed value can increase, which may lead to a higher bill. Local budgets for schools, roads, public safety, and other services also affect the rate used to calculate what homeowners owe.
For Redwood Falls homeowners, the median tax bill is $1,744, which is below the national median property tax bill of $2,400 and below the national median property tax rate of 1.02%. Bills can vary widely, with the 25th percentile at $1,002 and the 75th percentile at $2,854, while the 90th percentile reaches $4,014. That means two homes with similar market values may still have very different tax bills depending on location, exemptions, and how the property is assessed.
Median Redwood Falls Tax Bill
$1,744
Median Redwood County Tax Bill
$1,428
Median Minnesota Tax Bill
$3,364
Median United States Tax Bill
$2,400
Property Tax Bills Across Redwood Falls, Redwood County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56283 | $398 | $1,002 | $1,744 | $2,854 | $4,014 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 30 |
Links | |
|---|---|
| Redwood Tax Assessor | |
| Website | tax.cptmn.us |