Wabasha, Wabasha County, Minnesota Property Taxes
Property Taxes in Wabasha, Minnesota
Median Wabasha, Minnesota effective property tax rate: 1.19%, significantly higher than the national median of 1.02%, and higher than the Minnesota state median of 1.13%.
Median Wabasha, Minnesota home value: $237,500
Median annual Wabasha, Minnesota tax bill: $2,500, $100 higher than the national median property tax bill of $2,400.
How are property taxes in Wabasha calculated?
Property taxes in Wabasha, 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 Wabasha's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Wabasha, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Wabasha, 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
$2,826
$2,623
How Does the Wabasha Property Tax Calculator Work?
Use this Wabasha property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Wabasha's median effective tax rate of 1.19% — based on actual property records in Wabasha County — to generate your estimate.
Enter your property's estimated assessed value — the figure used to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Wabasha'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 Wabasha: rates range from 2.50% in 55981 to 2.50% in 55981, 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 Wabasha.
About Wabasha Property Taxes
About Property Taxes in Wabasha, Wabasha, Minnesota
Wabasha's median effective property tax rate of 1.19% is higher than the Minnesota state median of 1.13% and higher than the national median of 1.02%. This rate reflects the Wabasha 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 Wabasha. Homeowners in the 55981 ZIP code carry a median effective rate of 1.19%, while those in the lowest ZIP code pay 1.19%. This spread reflects how school district boundaries and local assessment districts are drawn across Wabasha County. Understanding which part of Wabasha you live in can make a meaningful difference to your annual tax bill.
Wabasha 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 Wabasha, Wabasha 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 Wabasha's effective property tax rate to other cities in Minnesota and the median property tax rates in Minnesota and the U.S.
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 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 Wabasha, Wabasha County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55981 | 0.75% | 0.81% | 1.19% | 1.38% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Wabasha, Wabasha County, Minnesota
When examining property taxes in Wabasha, 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 assessment 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.
Assessment notices:
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 Wabasha.
For example, the median home price in Wabasha is $237,500, with tax bills ranging significantly across the county. 55981 has the highest median home price at $237,500.
Property Tax Assessment Values Across Wabasha, Wabasha County, Minnesota
Source: Ownwell
$106,500
$332,850
$559,200
Median Wabasha Market Value
$237,500
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 Wabasha, Wabasha County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55981 | $30,700 | $145,525 | $237,500 | $333,450 | $452,700 |
Source: Ownwell
Property Tax Bills Across Wabasha, Wabasha County, Minnesota
Property tax bills in Wabasha are based on the assessed value of a home and the local tax rate set by taxing authorities. For a median home price of $237,500, the bill reflects how much of that value is taxed after assessment rules are applied. Local budgets, school funding, and other public services all influence the final amount homeowners owe.
In Wabasha, the median property tax bill is $2,500.00, which is slightly above the national median property tax bill of $2,400 and close to the national median property tax rate of 1.02%. Bills can vary widely, with the 25th percentile at $1,430 and the 75th percentile at $3,654, while the 90th percentile reaches $5,218. That means homeowners with similar market values may still see very different tax bills depending on exemptions, assessments, and local levies.
Median Wabasha Tax Bill
$2,500
Median Wabasha County Tax Bill
$2,594
Median Minnesota Tax Bill
$3,364
Median United States Tax Bill
$2,400
Property Tax Bills Across Wabasha, Wabasha County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55981 | $290 | $1,430 | $2,500 | $3,654 | $5,218 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 30 |
Links | |
|---|---|
| Wabasha Tax Assessor | |
| Website | beacon.schneidercorp.com |