Medford, Steele County, Minnesota Property Taxes

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Property Taxes in Medford, Minnesota

Median Medford, Minnesota effective property tax rate: 1.05%, significantly lower than the national median of 1.02%, and lower than the Minnesota state median of 1.13%.
Median Medford, Minnesota home value: $268,100
Median annual Medford, Minnesota tax bill: $2,731, higher than the national median property tax bill of $2,400.

How are property taxes in Steele calculated?

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

Last Updated April 13, 2026

Medford, Steele County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.05%

Estimate Property Tax Bill

$2,815

$2,612

How Does the Medford Property Tax Calculator Work?

Use this Medford property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Medford's median effective tax rate of 1.05% — based on actual property records in Steele County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local assessment district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Medford's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.

Your bill may vary by ZIP code within Medford: rates range from 1.05% in 55049 to 1.05% in 55049, primarily due to differences in school district levies and local assessment districts.

For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Medford.

About Medford Property Taxes

About Property Taxes in Medford, Steele, Minnesota

Medford’s median effective property tax rate of 1.05% is lower than the Minnesota state median of 1.13% and higher than the national median of 1.02%. This rate reflects the Steele County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.

Property tax rates are not uniform across Medford. Homeowners in the 55049 ZIP code carry a median effective rate of 1.05%, while those in the same ZIP code also pay 1.05%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Steele County. Understanding which part of Medford you live in can make a meaningful difference to your annual tax bill.

Medford homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the April 30, 2026 deadline each year.

If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.

Property Tax Rates Across Medford, Steele County, Minnesota

As noted earlier, local government entities set tax rates, which can vary widely within a state.

Why? Because 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, in a nutshell, this is the annual process.

Below, you can compare Medford'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 Medford, Steele County, Minnesota

Source: Ownwell

0.56%

0.97%

1.38%

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 Medford Tax Rate

1.05%

Median Effective Steele County Tax Rate

1.28%

Median Effective Minnesota Tax Rate

1.13%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Medford, Steele County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55049	0.36%	0.78%	1.05%	1.26%	1.42%

Source: Ownwell

Property Tax Assessment Values Across Medford, Steele County, Minnesota

When examining property taxes in Medford, Minnesota, 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 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 March 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 Medford.

For example, the median home price in Medford is $268,100, with tax bills ranging significantly across the county. 55049 has the highest median home price at $268,100.

Property Tax Assessment Values Across Medford, Steele County, Minnesota

Source: Ownwell

$148,000

$275,800

$403,600

Median Medford Market Value

$268,100

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 Medford, Steele County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55049	$28,400	$150,900	$268,100	$399,700	$677,400

Source: Ownwell

Property Tax Bills Across Medford, Steele County, Minnesota

Medford property tax bills are calculated by applying local tax rates to a home’s assessed value, which is based on the market value of the property. The amount a homeowner owes depends on how that assessed value compares with the tax rates set by local taxing authorities in Steele County.

For a home with a median market value of $268,100, the property tax bill can vary widely depending on the specific assessment and local levy rates. In Medford, the median tax bill is $2,731, which is above the national median property tax bill of $2,400 and slightly above the national median property tax rate of 1.02%.

Homeowners should expect their tax bill to reflect both the value of their property and the local services funded by property taxes. Bills in the area range from $1,183 at the 25th percentile to $4,953 at the 90th percentile, showing how much location and assessment differences can affect what homeowners pay.

Property Tax Bills Across Medford, Steele County, Minnesota

Source: Ownwell

$1,988

$2,588

$3,188

Median Medford Tax Bill

$2,731

Median Steele County Tax Bill

$2,970

Median Minnesota Tax Bill

$3,364

Median United States Tax Bill

$2,400

Property Tax Bills Across Medford, Steele County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55049	$268	$1,183	$2,731	$3,844	$4,953

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	April 30

Links
Steele Tax Assessor
Website	tax.cptmn.us

Frequently Asked Property Tax Questions in Medford, Minnesota

How are property taxes calculated in Medford, Minnesota?

Property taxes in Medford, Minnesota are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.

How do I appeal my property taxes in Medford, Minnesota?

To appeal your property taxes in Medford, Minnesota, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.

What property tax exemptions are available in Medford, Minnesota?

Common property tax exemptions in Medford, Minnesota include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.

When are property taxes due in Medford, Minnesota?

Property tax deadlines in Medford, Minnesota vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.

How can Ownwell help reduce my property taxes in Medford, Minnesota?

Ownwell provides professional property tax appeal services in Medford, Minnesota. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.