Luverne, Rock County, Minnesota Property Taxes

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

Median Luverne, MN effective property tax rate: 1.00%, slightly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Luverne, MN home value: $182,400
Median annual Luverne, MN tax bill: $1,669, $731 lower than the national median property tax bill of $2,400.

How are property taxes in Rock County calculated?

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

Last Updated March 1, 2025

Luverne, Rock County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

Estimate Property Tax Bill

$1,824

$1,693

Ownwell’s Luverne Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Luverne with just two data points.

By entering your property's estimated assessed value, our calculator applies Luverne’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 Rock County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Luverne, Rock 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, this is the annual process in a nutshell. Below, you can compare Luverne’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 Luverne, Rock County, Minnesota

Source: Ownwell

0.51%

0.75%

1.00%

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 Luverne Tax Rate

1.00%

Median Effective Rock County Tax Rate

0.93%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Luverne, Rock County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
56156	0.58%	0.87%	1.00%	1.09%	1.18%

Source: Ownwell

Property Tax Assessment Values Across Luverne, Rock County, Minnesota

When examining property taxes in Luverne, 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 Rock County Assessor 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 Rock 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 Luverne.

For example, the median home price in Luverne is $182,400, with tax bills ranging significantly across the county. Zip code 56156 has the highest median home price at $182,400.

Property Tax Assessment Values Across Luverne, Rock County, Minnesota

Source: Ownwell

$48,700

$137,200

$225,700

Median Luverne Market Value

$182,400

Median Rock County Market Value

$166,600

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Luverne, Rock County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
56156	$54,440	$113,825	$182,400	$267,175	$366,850

Source: Ownwell

Property Tax Bills Across Luverne, Rock County, Minnesota

Property tax bills in Luverne, located in Rock County, MN, are determined by assessing the market value of a property and applying the local tax rate. The median home price in Luverne is $182,400. Property taxes are calculated based on this assessed value, which is then multiplied by the local tax rate. The tax bill can vary significantly, with the 25th percentile at $1,028 and the 75th percentile reaching $2,523. At the 90th percentile, homeowners may face tax bills as high as $3,610. This variation is influenced by factors such as property location, size, and improvements. Compared to the national median property tax bill of $2,400, Luverne's tax bills are competitive, yet there is potential for savings. Ownwell offers expert property tax appeal services to help homeowners reduce their tax burden. By analyzing property assessments and identifying discrepancies, Ownwell assists homeowners in Luverne in achieving fairer tax evaluations, potentially leading to significant savings on their property tax bills.

Property Tax Bills Across Luverne, Rock County, Minnesota

Source: Ownwell

$311

$1,092

$1,872

Median Luverne Tax Bill

$1,669

Median Rock County Tax Bill

$1,430

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Luverne, Rock County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
56156	$418	$1,028	$1,669	$2,523	$3,610

Source: Ownwell