Mazeppa, Wabasha County, Minnesota Property Taxes
Median Mazeppa, MN effective property tax rate: 1.22%, significantly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Mazeppa, MN home value: $264,500
Median annual Mazeppa, MN tax bill: $3,127, $727 higher than the national median property tax bill of $2,400.
How are property taxes in Wabasha County calculated?
Property taxes in Mazeppa, 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 Mazeppa’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mazeppa, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mazeppa, Wabasha County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.19%
Estimate Property Tax Bill
$3,109
$2,885
Property Tax Rates Across Mazeppa, Wabasha County, Minnesota
Local government entities set tax rates, which can vary widely within a state. This is because each county estimates its required budget annually 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.
Mazeppa, located in Wabasha County, Minnesota, has an effective property tax rate of 1.22%, aligning with the highest and lowest rates in the state. This rate is slightly above the national median property tax rate of 1.02%. The median property tax rate in Minnesota is also 1.22%, indicating a consistent tax environment across the state. However, when compared to the national median property tax bill of $2,400, the property tax implications for homeowners in Mazeppa might differ based on property values. Understanding these nuances can help homeowners make informed decisions about property tax appeals and exemptions.
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 Mazeppa Tax Rate
1.19%
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 Wabasha County Tax Rate
1.19%
Median Effective Minnesota Tax Rate
1.13%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mazeppa, Wabasha County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55956 | 0.94% | 0.99% | 1.19% | 1.36% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Mazeppa, Wabasha County, Minnesota
When examining property taxes in Mazeppa, 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 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. 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 Wabasha County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Mazeppa.
For example, the median home price in Mazeppa is $264,500, with tax bills ranging significantly across the county. Zip code 55956 has the highest median home price at $264,500.
Property Tax Assessment Values Across Mazeppa, Wabasha County, Minnesota
Source: Ownwell
$106,500
$332,850
$559,200
Median Mazeppa Market Value
$261,250
Median Wabasha County Market Value
$231,800
Median Minnesota Market Value
$304,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mazeppa, Wabasha County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55956 | $79,400 | $168,175 | $261,250 | $385,375 | $519,460 |
Source: Ownwell
Property Tax Bills Across Mazeppa, Wabasha County, Minnesota
In Mazeppa, MN, nestled within Wabasha County, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The tax rate applied to this assessed value is influenced by various factors, including local budgetary needs and voter-approved levies. Homeowners in Mazeppa typically face a median property tax bill of $3,127, which is notably higher than the national median of $2,400. This variance highlights the importance of understanding property tax assessments and potential savings.
Homeowners in Mazeppa can benefit significantly from appealing their property tax assessments if they believe their home's assessed value does not accurately reflect its market value. This is where Ownwell comes in. By providing expert property tax appeal and exemption services, Ownwell helps homeowners identify discrepancies and navigate the appeals process, potentially lowering their tax bills. With the highest local tax bills reaching $5,675, the opportunity for savings is substantial. Engaging with Ownwell can lead to a more manageable property tax obligation, offering financial relief and peace of mind.
Median Mazeppa Tax Bill
$2,956
Median Wabasha County Tax Bill
$2,594
Median Minnesota Tax Bill
$3,364
Median United States Tax Bill
$2,400
Property Tax Bills Across Mazeppa, Wabasha County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55956 | $997 | $1,966 | $2,956 | $4,390 | $5,924 |
Source: Ownwell