Le Sueur, Sibley County, Minnesota Property Taxes
Median LE SUEUR, MN effective property tax rate: 0.59%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median LE SUEUR, MN home value: $378,800
Median annual LE SUEUR, MN tax bill: $2,418, $18 higher than the national median property tax bill of $2,400.
How are property taxes in Sibley County calculated?
Property taxes in LE SUEUR, 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 LE SUEUR’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in LE SUEUR, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Le Sueur, Sibley County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.59%
Estimate Property Tax Bill
$2,235
$2,074
Property Tax Rates Across Le Sueur, Sibley County, Minnesota
Local government entities set tax rates, which can vary widely within a state. This variation stems from each county's annual process of estimating its required budget to provide essential services and dividing that figure 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.
In Le Sueur, located in Sibley County, MN, the effective property tax rate stands at 0.59%. This is notably lower than the national median property tax rate of 1.02%. The uniformity of the tax rate within Le Sueur is evident as both the highest and lowest median tax rates are the same at 0.59%, showcasing a level of consistency not always found in other regions. This stability can be appealing to property owners who value predictability in their tax obligations. Comparing Le Sueur's rate to the national median, residents enjoy a more favorable tax environment, potentially making it an attractive location for property investment.
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 Le Sueur Tax Rate
0.59%
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 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 Le Sueur, Sibley County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56058 | 0.27% | 0.40% | 0.59% | 0.86% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Le Sueur, Sibley County, Minnesota
When examining property taxes in LE SUEUR, 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 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.
Assessment notices: 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 LE SUEUR. For example, the median home price in LE SUEUR is $378,800, with tax bills ranging significantly across the county. Zip code 56058 has the highest median home price at $378,800.
Property Tax Assessment Values Across Le Sueur, Sibley County, Minnesota
Source: Ownwell
$97,700
$431,725
$765,750
Median Le Sueur Market Value
$378,800
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 Le Sueur, Sibley County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56058 | $70,410 | $239,975 | $378,800 | $666,475 | $1,031,590 |
Source: Ownwell
Property Tax Bills Across Le Sueur, Sibley County, Minnesota
In Le Sueur, located in Sibley County, MN, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in the area stands at $378,800, with a property tax rate slightly above the national median of 1.02%. This results in a median tax bill of approximately $2,418, aligning closely with the national median of $2,400. Factors such as location within the county, property size, and any applicable exemptions also influence the final tax bill. Homeowners in Le Sueur can see tax bills ranging from $1,141 at the 25th percentile to $5,741 at the 90th percentile, highlighting the variability based on property specifics.
Ownwell offers valuable assistance in reducing property tax burdens by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying potential discrepancies, Ownwell helps homeowners secure fair valuations, potentially lowering their tax bills. This service not only saves money but also ensures homeowners are not overpaying on their property taxes.
Median Le Sueur Tax Bill
$2,418
Median Sibley County Tax Bill
$2,314
Median Minnesota Tax Bill
$3,182
Median United States Tax Bill
$2,400
Property Tax Bills Across Le Sueur, Sibley County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56058 | $279 | $1,141 | $2,418 | $4,069 | $5,741 |
Source: Ownwell