Monticello, Wright County, Minnesota Property Taxes
Property Taxes in Monticello, Minnesota
Median Monticello, Minnesota effective property tax rate: 0.99%, significantly lower than the national median of 1.02%, and lower than the Minnesota state median of 1.13%.
Median Monticello, Minnesota home value: $321,100
Median annual Monticello, Minnesota tax bill: $3,140, $740 higher than the national median property tax bill of $2,400.
How are property taxes in Wright County calculated?
Property taxes in Monticello, 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 Monticello's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Monticello, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Monticello, Wright County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.99%
Estimate Property Tax Bill
$3,179
$2,950
How Does the Monticello Property Tax Calculator Work?
Use this Monticello property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Monticello's median effective tax rate of 0.99% — based on actual property records in Wright County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal 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 Monticello'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 Monticello: rates range from 0.99% in 55362 to 0.99% in 55362, 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 Monticello.
About Monticello Property Taxes
About Property Taxes in Monticello, Wright, Minnesota
Monticello's median effective property tax rate of 0.99% is lower than the Minnesota state median of 1.13% and lower than the national median of 1.02%. This rate reflects the Wright 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 Monticello. Homeowners in the 55362 ZIP code carry a median effective rate of 0.99%, while those in the same ZIP code pay 0.99%. This spread reflects how school district boundaries and local assessment districts are drawn across Wright County. Understanding which part of Monticello you live in can make a meaningful difference to your annual tax bill.
Monticello 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 Monticello, Wright 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 Monticello'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 Monticello Tax Rate
0.99%
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 Wright County Tax Rate
1.07%
Median Effective Minnesota Tax Rate
1.13%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Monticello, Wright County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55362 | 0.75% | 0.84% | 0.99% | 1.03% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Monticello, Wright County, Minnesota
When examining property taxes in Monticello, 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 Wright County assessor 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 Wright County, assessment notices are sent in the spring 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 understanding how assessed and market values are determined, property owners can better navigate property taxes in Monticello.
For example, the median home price in Monticello is $321,100, with tax bills ranging significantly across the county. 55362 has the highest median home price at $321,100.
Property Tax Assessment Values Across Monticello, Wright County, Minnesota
Source: Ownwell
$277,650
$416,975
$556,300
Median Monticello Market Value
$321,100
Median Wright County Market Value
$347,900
Median Minnesota Market Value
$304,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Monticello, Wright County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55362 | $216,100 | $266,900 | $321,100 | $402,200 | $533,540 |
Source: Ownwell
Property Tax Bills Across Monticello, Wright County, Minnesota
Property tax bills in Monticello are based on the assessed value of a home and the local tax rate set by Wright County and other taxing authorities. When a home’s market value rises, the assessed value can rise too, which can increase the tax bill. For homeowners, that means the amount owed each year is tied not just to the home itself, but also to local budgets and levy decisions.
With a median home price of $321,100, property taxes can represent a meaningful cost of ownership. In Monticello, the typical tax bill is $3,140, which is above the national median property tax bill of $2,400 and above the national median property tax rate of 1.02%. Bills can vary widely, with the 25th percentile at $2,624 and the 75th percentile at $3,844. For some homeowners, that difference can have a real impact on monthly housing costs and long-term affordability.
Median Monticello Tax Bill
$3,140
Median Wright County Tax Bill
$3,598
Median Minnesota Tax Bill
$3,364
Median United States Tax Bill
$2,400
Property Tax Bills Across Monticello, Wright County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55362 | $2,188 | $2,624 | $3,140 | $3,844 | $4,839 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 30 |
Links | |
|---|---|
| Wright Tax Assessor | |
| Website | beacon.schneidercorp.com |