Zumbro Falls, Wabasha County, Minnesota Property Taxes

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

Median Zumbro Falls, MN effective property tax rate: 0.79%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Zumbro Falls, MN home value: $367,150
Median annual Zumbro Falls, MN tax bill: $2,953, $553 higher than the national median property tax bill of $2,400.

How are property taxes in Wabasha calculated?

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

Last Updated March 1, 2025

Zumbro Falls, Wabasha County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.89%

Estimate Property Tax Bill

$2,998

$2,782

Ownwell’s Zumbro Falls Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Zumbro Falls with just two data points.

By entering your property's estimated assessed value, our calculator applies Zumbro Falls’ 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 County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Zumbro Falls, Wabasha County, Minnesota

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

Zumbro Falls in Wabasha County, Minnesota, has an effective property tax rate of 0.79%. This rate aligns with the county's highest and lowest median tax rates, also at 0.79%. Compared to the national median property tax rate of 1.02%, Zumbro Falls enjoys a notably lower rate. This could translate to significant savings for property owners in the area. The state of Minnesota, with its varying rates, presents a diverse landscape for property tax assessments. Understanding these rates is crucial for homeowners looking to optimize their property tax obligations. By appealing or seeking exemptions, residents can potentially reduce their tax burden further. In conclusion, staying informed and proactive can lead to financial benefits for property owners in Zumbro Falls.

Property Tax Rates Across Zumbro Falls, Wabasha County, Minnesota

Source: Ownwell

0.72%

1.02%

1.32%

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 Zumbro Falls Tax Rate

0.89%

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 Zumbro Falls, Wabasha County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55991	0.73%	0.78%	0.89%	1.16%	1.34%

Source: Ownwell

Property Tax Assessment Values Across Zumbro Falls, Wabasha County, Minnesota

When examining property taxes in Zumbro Falls, 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 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 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 Zumbro Falls.

For example, the median home price in Zumbro Falls is $367,150, with tax bills ranging significantly across the county. Zip code 55991 has the highest median home price at $367,150.

Property Tax Assessment Values Across Zumbro Falls, Wabasha County, Minnesota

Source: Ownwell

$106,500

$332,850

$559,200

Median Zumbro Falls Market Value

$336,900

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 Zumbro Falls, Wabasha County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55991	$108,040	$215,850	$336,900	$456,950	$571,040

Source: Ownwell

Property Tax Bills Across Zumbro Falls, Wabasha County, Minnesota

In Zumbro Falls, located in Wabasha County, MN, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This value reflects the estimated market value of the property. The median home price in the area is $367,150. Homeowners in Zumbro Falls typically pay property taxes that range from $2,184 at the 25th percentile to $5,058 at the 90th percentile. The median tax bill stands at $2,953, which is slightly above the national median of $2,400. Factors such as property size, location, and improvements can influence the assessed value and, consequently, the tax bill. High property taxes can significantly impact homeowners, making it essential to ensure that assessments are fair and accurate. Ownwell assists homeowners by providing property tax appeal and exemption services, potentially lowering tax bills. By analyzing property data and market trends, Ownwell identifies opportunities for savings, helping homeowners reduce their financial burden and ensuring they pay only their fair share.

Property Tax Bills Across Zumbro Falls, Wabasha County, Minnesota

Source: Ownwell

$1,036

$3,469

$5,902

Median Zumbro Falls Tax Bill

$3,112

Median Wabasha County Tax Bill

$2,594

Median Minnesota Tax Bill

$3,364

Median United States Tax Bill

$2,400

Property Tax Bills Across Zumbro Falls, Wabasha County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55991	$978	$2,226	$3,112	$4,000	$5,395

Source: Ownwell