Green Isle, Sibley County, Minnesota Property Taxes

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

Median Green Isle, MN effective property tax rate: 0.84%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Green Isle, MN home value: $281,100
Median annual Green Isle, MN tax bill: $2,976, $576 higher than the national median property tax bill of $2,400.

How are property taxes in Sibley calculated?

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

Last Updated March 1, 2025

Green Isle, Sibley County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.84%

Estimate Property Tax Bill

$2,361

$2,191

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

Property Tax Rates Across Green Isle, Sibley County, Minnesota

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

In Green Isle, located in Sibley County, Minnesota, the effective property tax rate stands out when compared to other cities in the state and the national average. Minnesota's median property tax rate is 0.84%, which is significantly lower than the national median of 1.02%. This means that residents of Green Isle enjoy relatively lower property tax bills compared to the average U.S. homeowner, who pays a median property tax bill of $2,400.

The consistency of Green Isle's tax rate with the state median highlights the uniformity in property tax rates across Minnesota, offering a stable and predictable tax environment for property owners. As a result, Green Isle remains an attractive location for homeowners seeking affordability in their property tax obligations.

Property Tax Rates Across Green Isle, Sibley County, Minnesota

Source: Ownwell

0.47%

1.09%

1.71%

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 Green Isle Tax Rate

0.84%

Median Effective Sibley County Tax Rate

0.81%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Green Isle, Sibley County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55338	0.29%	0.48%	0.84%	1.55%	1.63%

Source: Ownwell

Property Tax Assessment Values Across Green Isle, Sibley County, Minnesota

When examining property taxes in Green Isle, 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 Sibley 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 Sibley 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 Green Isle. For example, the median home price in Green Isle is $281,100, with tax bills ranging significantly across the county. Zip code 55338 has the highest median home price at $281,100.

Property Tax Assessment Values Across Green Isle, Sibley County, Minnesota

Source: Ownwell

$97,700

$431,725

$765,750

Median Green Isle Market Value

$281,100

Median Sibley County Market Value

$273,200

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Green Isle, Sibley County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55338	$123,420	$208,300	$281,100	$426,900	$840,660

Source: Ownwell

Property Tax Bills Across Green Isle, Sibley County, Minnesota

In Green Isle, located in Sibley County, MN, property tax bills are determined by the assessed value of a home and the local tax rate. The median home price here is $281,100, and the property tax rate is applied to this assessed value to calculate the annual tax bill. In Green Isle, the median property tax bill is $2,976, which surpasses the national median of $2,400. Factors influencing these bills include the property's assessed value, local tax levies, and any applicable exemptions. Homeowners may experience financial strain due to these taxes, especially when the tax bill reaches the 90th percentile at $4,997.

Ownwell assists homeowners in reducing their property tax bills by providing expert consultation and appealing inaccurate assessments. Our services help ensure that you are not overpaying and that all eligible exemptions are applied. With Ownwell, homeowners in Green Isle can potentially lower their tax burden, aligning their bills more closely with the actual value of their property.

Property Tax Bills Across Green Isle, Sibley County, Minnesota

Source: Ownwell

$1,348

$2,420

$3,492

Median Green Isle Tax Bill

$2,976

Median Sibley County Tax Bill

$2,314

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Green Isle, Sibley County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55338	$711	$1,718	$2,976	$3,884	$4,997

Source: Ownwell