Blooming Prairie, Steele County, Minnesota Property Taxes

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

Median Blooming Prairie, MN effective property tax rate: 1.14%, significantly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%. Median Blooming Prairie, MN home value: $207,500. Median annual Blooming Prairie, MN tax bill: $2,121, $279 lower than the national median property tax bill of $2,400.

How are property taxes in Steele County calculated?

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

Last Updated March 1, 2025

Blooming Prairie, Steele County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.14%

Estimate Property Tax Bill

$2,365

$2,195

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

Property Tax Rates Across Blooming Prairie, Steele County, Minnesota

Local government entities set tax rates, which can vary widely within a state. This variance is due to each county estimating its required budget to provide essential services and dividing that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process. In Blooming Prairie, located in Steele County, MN, the effective property tax rate is notable when compared to other cities in Minnesota and the U.S. The median property tax rate in Minnesota stands at 1.14%, slightly above the national median of 1.02%. This positions Blooming Prairie's tax rate as consistent with the state's median, reflecting the county's approach to balancing service provision with property value assessments. Understanding these dynamics can help property owners in Blooming Prairie make informed decisions regarding property tax appeals and exemptions.

Property Tax Rates Across Blooming Prairie, Steele County, Minnesota

Source: Ownwell

0.45%

0.94%

1.42%

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 Blooming Prairie Tax Rate

1.14%

Median Effective Steele County Tax Rate

1.36%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Blooming Prairie, Steele County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55917	0.25%	0.71%	1.14%	1.35%	1.47%

Source: Ownwell

Property Tax Assessment Values Across Blooming Prairie, Steele County, Minnesota

When examining property taxes in Blooming Prairie, 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 Steele 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 Steele 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 Blooming Prairie.

For example, the median home price in Blooming Prairie is $207,500, with tax bills ranging significantly across the county. 55917 has the highest median home price at $207,500.

Property Tax Assessment Values Across Blooming Prairie, Steele County, Minnesota

Source: Ownwell

$142,100

$256,400

$370,700

Median Blooming Prairie Market Value

$207,500

Median Steele County Market Value

$246,000

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Blooming Prairie, Steele County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55917	$83,400	$138,300	$207,500	$320,800	$590,260

Source: Ownwell

Property Tax Bills Across Blooming Prairie, Steele County, Minnesota

In Blooming Prairie, Steele County, MN, property tax bills are calculated based on the assessed value of a home, which is derived from the market value. The median home price here is $207,500. The local tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property location, home size, and improvements can influence the assessed value, impacting the final tax bill. Homeowners in Blooming Prairie face a median tax bill of $2,121, which is slightly below the national median of $2,400. However, bills can vary significantly, with the 25th percentile at $1,273 and the 90th percentile reaching $4,149. This variability means that some homeowners may be paying more than necessary. Ownwell provides valuable assistance by reviewing your property assessment and identifying potential savings. By appealing inaccurate assessments and securing exemptions, Ownwell helps homeowners reduce their property tax burden, ensuring they only pay their fair share.

Property Tax Bills Across Blooming Prairie, Steele County, Minnesota

Source: Ownwell

$1,828

$2,480

$3,132

Median Blooming Prairie Tax Bill

$2,121

Median Steele County Tax Bill

$2,874

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Blooming Prairie, Steele County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55917	$591	$1,273	$2,121	$3,210	$4,149

Source: Ownwell