Steele County, Minnesota Property Taxes
Property Taxes in Steele County, Minnesota
Median Steele County effective property tax rate: 1.28%, significantly higher than the national median of 1.02%.
Median Steele County home value: $260,100
Median annual Steele County tax bill: $2,970, higher than the national median property tax bill of $2,400.
How are property taxes in Steele County calculated?
Property taxes in Steele County 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.
Why are Steele County property taxes important to understand? Because the county’s effective property tax rate is 1.28%, which is higher than the national median of 1.02%, and the median annual tax bill is $2,970. How does that compare with Minnesota? Steele County’s median tax bill is also higher than the state median by $570.
Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Steele County or another part of Steele County, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Steele County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.28%
Estimate Property Tax Bill
$3,329
$3,089
How Does the Steele County Property Tax Calculator Work?
Use this Steele County property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Steele County's median effective tax rate of 1.28% to generate your estimate.
Enter your property's estimated assessed value — the figure the assessor assigns for tax purposes, which is typically lower than market value after applicable exemptions. Our calculator uses the median effective rate for a more accurate estimate than the statutory millage rate alone.
Your actual bill may vary based on your specific exemptions, local school district levies, and any special assessment districts that apply to your property. Steele County's median tax rate is higher than Minnesota's 1.13% median rate, and the county's $2,970 median tax bill is $570 higher than the state median and above the $2,400 national median tax bill.
For a more precise estimate, scroll down to explore city and ZIP code-level tax rate trends across Steele County.
Property Tax Rates Across Steele County, Minnesota
What Are Effective Property Tax Rates Across Steele County?
Local government entities set tax rates, which vary widely across Steele County. Each year, the county estimates its budget for public services and divides that total by the assessed value of all taxable property within its jurisdiction.
Below, compare Steele County's effective property tax rate to other counties in Minnesota or the U.S. median of 1.02%.
Steele County's median effective rate stands at 1.28%, which is higher than the national median of 1.02%. Within Steele County, the highest rate is found in Hope at 1.38%, while Faribault has the lowest at 0.56%.
These variations reflect differences in local school district levies, special assessment districts assessments, and special district bonds — which compound the base county rate.
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 Steele County Tax Rate
1.28%
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 Minnesota Tax Rate
1.13%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Steele County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Blooming Prairie | 0.31% | 0.68% | 1.20% | 1.40% | 1.52% |
| Claremont | 0.29% | 0.34% | 0.58% | 0.89% | 0.96% |
| Ellendale | 0.27% | 0.49% | 0.69% | 1.19% | 1.43% |
| Faribault | 0.28% | 0.40% | 0.56% | 0.87% | 0.88% |
| Hope | 1.02% | 1.24% | 1.38% | 1.56% | 1.69% |
| Kenyon | 0.75% | 0.77% | 0.78% | 1.63% | 3.55% |
| Medford | 0.36% | 0.78% | 1.05% | 1.26% | 1.42% |
| Morristown | 0.27% | 0.27% | 0.84% | 0.89% | 6.05% |
| New Richland | 0.31% | 0.52% | 0.71% | 0.72% | 0.77% |
| Owatonna | 0.59% | 1.16% | 1.34% | 1.41% | 1.47% |
| Waseca | 0.29% | 0.49% | 0.86% | 0.94% | 1.45% |
| West Concord | 0.30% | 0.49% | 0.66% | 0.89% | 1.69% |
| Hartland | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Steele County, Minnesota
When examining property taxes in Steele County, 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 Steele 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.
Assessment notices:
In Steele County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of March.
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 Steele County.
For example, the median tax bill in Steele County is $2,970, compared with the national median property tax bill of $2,400. Tax bills range significantly across the county, from $1,988 in Kenyon to $3,188 in Owatonna. Claremont has the highest median home price at $403,600.
Property Tax Assessment Values Across Steele County, Minnesota
Source: Ownwell
$148,000
$275,800
$403,600
Median Steele County Market Value
$260,100
Median Minnesota Market Value
$304,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Steele County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Blooming Prairie | $88,780 | $143,900 | $212,900 | $334,650 | $630,540 |
| Claremont | $173,260 | $267,950 | $403,600 | $703,850 | $1,001,400 |
| Ellendale | $78,700 | $163,850 | $290,600 | $479,600 | $866,100 |
| Faribault | $156,450 | $268,500 | $365,300 | $627,525 | $966,890 |
| Hope | $36,040 | $114,000 | $148,000 | $193,750 | $261,580 |
| Kenyon | $152,700 | $181,900 | $229,800 | $257,950 | $276,900 |
| Medford | $28,400 | $150,900 | $268,100 | $399,700 | $677,400 |
| Morristown | $95,760 | $197,700 | $286,300 | $432,400 | $657,080 |
| New Richland | $59,590 | $206,450 | $323,650 | $522,275 | $855,890 |
| Owatonna | $138,500 | $197,000 | $259,000 | $349,800 | $477,200 |
| Waseca | $118,550 | $198,750 | $327,550 | $481,675 | $809,550 |
| West Concord | $189,860 | $240,850 | $370,900 | $707,400 | $1,339,000 |
| Hartland | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Steele County, Minnesota
Property tax bills in Steele County are based on the assessed value of a home and the local tax rate set by taxing authorities. When a property’s market value rises, the assessed value can increase as well, which may lead to a higher bill. Homeowners in the county should also expect their tax bill to reflect local budgets and the mix of city, county, school, and other levies that apply to the property.
For Steele County homeowners, the typical home value of $260,100 helps shape what many residents pay each year. The county’s tax bills vary widely: the 25th percentile is $1,992, the 75th percentile is $4,128, and the 90th percentile reaches $5,420. Median tax bills also differ by city, from $1,988 in Kenyon to $3,188 in Owatonna. Compared with the national median property tax bill of $2,400, many homeowners in Steele County may pay more or less depending on their home’s assessed value and location.
Median Steele County Tax Bill
$2,970
Median Minnesota Tax Bill
$3,364
Median United States Tax Bill
$2,400
Property Tax Bills Across Steele County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Blooming Prairie | $692 | $1,476 | $2,380 | $3,296 | $4,546 |
| Claremont | $876 | $1,522 | $2,644 | $3,863 | $5,075 |
| Ellendale | $534 | $1,325 | $2,107 | $3,344 | $4,645 |
| Faribault | $580 | $1,397 | $2,855 | $4,100 | $4,782 |
| Hope | $1,174 | $1,741 | $2,136 | $2,532 | $3,268 |
| Kenyon | $1,396 | $1,609 | $1,988 | $4,952 | $6,870 |
| Medford | $268 | $1,183 | $2,731 | $3,844 | $4,953 |
| Morristown | $718 | $1,494 | $2,442 | $3,350 | $6,154 |
| New Richland | $330 | $1,352 | $2,055 | $3,116 | $4,479 |
| Owatonna | $1,280 | $2,284 | $3,188 | $4,327 | $5,642 |
| Waseca | $1,190 | $1,675 | $2,230 | $3,064 | $4,158 |
| West Concord | $1,098 | $2,125 | $3,004 | $4,361 | $7,050 |
| Hartland | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 30 |
Links | |
|---|---|
| Steele Tax Assessor | |
| Website | tax.cptmn.us |