Revere, Redwood County, Minnesota Property Taxes

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

Median Revere, MN effective property tax rate: 1.80%, significantly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Revere, MN home value: $55,900
Median annual Revere, MN tax bill: $1,002, $1,398 lower than the national median property tax bill of $2,400.

How are property taxes in Redwood calculated?

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

Last Updated March 1, 2025

Revere, Redwood County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.8%

Estimate Property Tax Bill

$1,006

$934

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

Property Tax Rates Across Revere, Redwood County, Minnesota

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 Revere’s effective property tax rate to other cities in Minnesota and the median property tax rates in Minnesota and the U.S. Minnesota's median property tax rate stands at 1.80%, which is significantly higher than the national median of 1.02%. This rate reflects the state's commitment to funding public services through property taxes. In Revere, located in Redwood County, the property tax rate aligns with the state's median, indicating a consistent approach to taxation within this region. Understanding these rates can help property owners make informed decisions about their investments and potential tax liabilities. By staying informed, property owners in Revere can better navigate the complexities of property taxation and potentially identify opportunities for appeals or exemptions.

Property Tax Rates Across Revere, Redwood County, Minnesota

Source: Ownwell

0.66%

1.24%

1.83%

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 Revere Tax Rate

1.80%

Median Effective Redwood County Tax Rate

1.19%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Revere, Redwood County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
56166	0.46%	0.75%	1.80%	2.76%	3.06%

Source: Ownwell

Property Tax Assessment Values Across Revere, Redwood County, Minnesota

When examining property taxes in Revere, 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 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 Redwood 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 Revere. For example, the median home price in Revere is $55,900, with tax bills ranging significantly across the county. Zip code 56166 has the highest median home price at $55,900.

Property Tax Assessment Values Across Revere, Redwood County, Minnesota

Source: Ownwell

$46,650

$175,025

$303,400

Median Revere Market Value

$55,900

Median Redwood County Market Value

$117,650

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Revere, Redwood County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
56166	$4,760	$20,700	$55,900	$228,600	$339,260

Source: Ownwell

Property Tax Bills Across Revere, Redwood County, Minnesota

In Revere, Redwood 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. Homeowners in Revere face a median property tax bill of $1,002, significantly lower than the national median of $2,400. The tax bill can vary widely, with amounts ranging from the 25th percentile at $460 to the 90th percentile at $2,473, reflecting differences in home values and assessments. Factors such as market value fluctuations and local government budget needs can influence these assessments, impacting the homeowner's financial obligations. Ownwell assists homeowners in reducing their property tax bills by identifying potential discrepancies in assessments and filing appeals. By leveraging expert knowledge and local market insights, Ownwell can help ensure that homeowners in Revere are not overpaying on their property taxes, potentially saving them a significant amount of money annually.

Property Tax Bills Across Revere, Redwood County, Minnesota

Source: Ownwell

$786

$1,464

$2,142

Median Revere Tax Bill

$1,002

Median Redwood County Tax Bill

$1,276

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Revere, Redwood County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
56166	$241	$460	$1,002	$1,732	$2,473

Source: Ownwell