Goodhue, Wabasha County, Minnesota Property Taxes

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

Median Goodhue, 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 Goodhue, MN home value: $375,400
Median annual Goodhue, MN tax bill: $3,076, $676 higher than the national median property tax bill of $2,400.

How are property taxes in Wabasha calculated?

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

Last Updated March 1, 2025

Goodhue, Wabasha 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

$3,153

$2,926

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

Property Tax Rates Across Goodhue, Wabasha County, Minnesota

Local government entities set tax rates, which can vary widely within a state. 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.

In Goodhue, located in Wabasha County, MN, the effective property tax rate is a reflection of this process. The county's median tax rate is 0.84%, which is lower than the national median property tax rate of 1.02%. This means that property owners in Goodhue generally pay less in property taxes compared to the national average. However, it’s important to consider the assessed value of your property, as it directly impacts your tax bill. By understanding these local dynamics, property owners can make informed decisions about property tax appeals and exemptions. Comparing Goodhue’s tax rate to other cities in Minnesota and the U.S. can provide valuable insights, especially if you are considering relocating or investing in property within the state.

Property Tax Rates Across Goodhue, Wabasha County, Minnesota

Source: Ownwell

0.62%

0.94%

1.27%

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 Goodhue Tax Rate

0.84%

Median Effective Wabasha County Tax Rate

1.15%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Goodhue, Wabasha County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55027	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Goodhue, Wabasha County, Minnesota

When examining property taxes in Goodhue, MN, understanding the distinction between "market value" and "assessed value" is crucial. The market value represents what a willing buyer would pay to a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. The Wabasha 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. This assessed value is used to calculate your property taxes, multiplied by your tax rate to get your tax bill. In Wabasha County, assessment notices are sent in the spring each year and typically reach your mailbox by the middle of April. Each property owner receives an assessment notice containing both the market value and assessed value, along with an estimate of your property tax bill. This helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Goodhue. For example, the median home price in Goodhue is $375,400, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Goodhue, Wabasha County, Minnesota

Source: Ownwell

$100,400

$307,800

$515,200

Median Goodhue Market Value

$375,400

Median Wabasha County Market Value

$243,600

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Goodhue, Wabasha County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55027	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Goodhue, Wabasha County, Minnesota

In Goodhue, located in Wabasha County, MN, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The tax rate is then applied to this assessed value to calculate the annual tax bill. Factors such as property size, location, and market conditions can influence the assessed value, thereby affecting the homeowner’s tax bill. For instance, with a median home price of $375,400, property owners in Goodhue might expect tax bills ranging from $2,697 at the 25th percentile to $4,487 at the 90th percentile. Compared to the national median property tax rate of 1.02%, Goodhue's rates can be a significant financial consideration for homeowners. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions. By reviewing property assessments and market data, Ownwell can help reduce the assessed value, ensuring homeowners pay only their fair share. This service can result in substantial savings, making property ownership more affordable.

Property Tax Bills Across Goodhue, Wabasha County, Minnesota

Source: Ownwell

$970

$3,290

$5,609

Median Goodhue Tax Bill

$3,076

Median Wabasha County Tax Bill

$2,658

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Goodhue, Wabasha County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55027	N/A	N/A	N/A	N/A	N/A

Source: Ownwell