Yellow Medicine County, Minnesota Property Taxes
Property Taxes in Yellow Medicine County, Minnesota
Median Yellow Medicine County effective property tax rate: 1.18%, significantly higher than the national median of 1.02%.
Median Yellow Medicine County home value: $150,700
Median annual Yellow Medicine County tax bill: $1,594, lower than the national median property tax bill of $2,400.
How are property taxes in Yellow Medicine County calculated?
Property taxes in Yellow Medicine County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Yellow Medicine County or another part of Yellow Medicine County, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Yellow Medicine County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.18%
Estimate Property Tax Bill
$1,778
$1,650
How Does the Yellow Medicine County Property Tax Calculator Work?
Use this Yellow Medicine County property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Yellow Medicine County's median effective tax rate of 1.18% to generate your estimate.
Enter your property's estimated assessed value — the figure used for tax purposes, which is typically lower than market value after applicable exemptions. Our calculator uses the median effective rate for a more accurate estimate than the statutory millage rate alone.
Your actual bill may vary based on your specific exemptions, local school district levies, and any special assessment districts that apply to your property. Yellow Medicine County's median tax rate is higher than Minnesota's 1.13% median tax rate, while the county's median tax bill of $1,594 is $806 lower than the national median tax bill of $2,400.
For a more precise estimate, scroll down to explore city and ZIP code-level tax rate trends across Yellow Medicine County.
Property Tax Rates Across Yellow Medicine County, Minnesota
What Are Effective Property Tax Rates Across Yellow Medicine County?
Local government entities set tax rates, which vary widely across Yellow Medicine County. Each year, the county estimates its budget for public services and divides that total by the assessed value of all taxable property within its jurisdiction.
Below, compare Yellow Medicine County's effective property tax rate to other counties in Minnesota or the U.S. median of 1.02%.
Yellow Medicine County's median effective rate stands at 1.18%, which is higher than the national median of 1.02%. Within Yellow Medicine County, the highest rate is found in CANBY at 1.56%, while BOYD has the lowest at 0.50%.
These variations reflect differences in local school district levies, special assessment districts assessments, and special district bonds — which compound the base county rate.
Our median effective property tax rate (tax bill Ă· 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 Yellow Medicine County Tax Rate
1.18%
Our median effective property tax rate (tax bill Ă· 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 Minnesota Tax Rate
1.13%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Yellow Medicine County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belview | 0.21% | 0.24% | 0.50% | 0.60% | 1.05% |
| Boyd | 0.25% | 0.31% | 0.50% | 0.60% | 0.83% |
| Canby | 0.30% | 0.68% | 1.56% | 1.79% | 2.20% |
| Clarkfield | 0.32% | 0.57% | 1.33% | 1.65% | 2.46% |
| Cottonwood | 0.25% | 0.40% | 0.57% | 0.67% | 0.76% |
| Echo | 0.25% | 0.44% | 0.88% | 1.33% | 1.89% |
| Granite Falls | 0.51% | 0.93% | 1.25% | 1.50% | 1.73% |
| Hanley Falls | 0.29% | 0.57% | 1.56% | 1.69% | 2.49% |
| Minneota | 0.27% | 0.42% | 0.59% | 0.90% | 1.26% |
| Montevideo | 0.34% | 0.58% | 0.64% | 0.69% | 1.01% |
| Porter | 0.26% | 0.51% | 0.91% | 1.22% | 1.48% |
| Saint Leo | 0.87% | 0.88% | 0.90% | 1.08% | 1.27% |
| Taunton | 0.26% | 0.36% | 0.55% | 0.72% | 0.82% |
| Wood Lake | 0.29% | 0.60% | 1.02% | 1.49% | 1.80% |
| Vesta | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Yellow Medicine County, Minnesota
When examining property taxes in Yellow Medicine County, 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 Yellow Medicine 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 Yellow Medicine 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 Yellow Medicine County.
For example, the median tax bill in Yellow Medicine County is $1,594, with tax bills ranging significantly across the county. Boyd has the highest median home price at $386,600.
Property Tax Assessment Values Across Yellow Medicine County, Minnesota
Source: Ownwell
$47,700
$217,150
$386,600
Median Yellow Medicine County Market Value
$150,700
Median Minnesota Market Value
$304,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Yellow Medicine County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belview | $140,460 | $187,500 | $329,500 | $995,300 | $1,433,480 |
| Boyd | $98,700 | $173,250 | $386,600 | $1,000,350 | $1,682,700 |
| Canby | $40,910 | $82,150 | $145,700 | $263,725 | $662,460 |
| Clarkfield | $32,600 | $67,550 | $120,050 | $238,700 | $808,350 |
| Cottonwood | $152,620 | $210,600 | $317,200 | $401,100 | $1,037,980 |
| Echo | $25,560 | $72,100 | $169,700 | $406,100 | $1,627,800 |
| Granite Falls | $49,360 | $87,250 | $145,400 | $226,200 | $339,320 |
| Hanley Falls | $29,670 | $55,275 | $107,050 | $305,275 | $741,830 |
| Minneota | $39,100 | $72,200 | $125,500 | $628,900 | $1,630,100 |
| Montevideo | $171,750 | $223,275 | $292,350 | $377,600 | $853,070 |
| Porter | $21,870 | $70,375 | $154,800 | $345,325 | $1,557,970 |
| Saint Leo | $14,880 | $37,000 | $47,700 | $66,700 | $86,840 |
| Taunton | $158,250 | $194,375 | $319,300 | $585,375 | $1,658,550 |
| Wood Lake | $38,600 | $87,600 | $159,600 | $318,300 | $955,600 |
| Vesta | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Yellow Medicine County, Minnesota
Property tax bills in Yellow Medicine County are based on the assessed value of a home and the local tax rates set by taxing authorities. When a property’s market value changes, its assessed value can change too, which affects the final bill. Local budgets, school funding, county services, and other levies all play a role in determining what homeowners owe.
For a home with a median market value of $150,700, the property tax bill can vary widely depending on location and exemptions. In Yellow Medicine County, the 25th percentile tax bill is $924, while the 75th percentile is $2,660 and the 90th percentile is $4,064. That range shows how much taxes can differ from one homeowner to another.
Homeowners with higher assessed values or fewer exemptions generally pay more, while those with lower assessments may pay less. In Montevideo, the highest median tax bill is $2,050, compared with $426 in Saint Leo.
Median Yellow Medicine County Tax Bill
$1,594
Median Minnesota Tax Bill
$3,364
Median United States Tax Bill
$2,400
Property Tax Bills Across Yellow Medicine County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belview | $643 | $1,283 | $1,982 | $3,344 | $4,198 |
| Boyd | $572 | $1,079 | $1,818 | $3,766 | $6,524 |
| Canby | $578 | $1,038 | $1,744 | $2,954 | $4,472 |
| Clarkfield | $550 | $949 | $1,464 | $2,215 | $3,441 |
| Cottonwood | $797 | $1,192 | $1,768 | $2,324 | $3,558 |
| Echo | $309 | $694 | $1,385 | $2,547 | $4,576 |
| Granite Falls | $528 | $934 | $1,682 | $2,648 | $3,641 |
| Hanley Falls | $432 | $730 | $1,286 | $2,126 | $3,595 |
| Minneota | $300 | $546 | $1,022 | $3,112 | $4,794 |
| Montevideo | $1,011 | $1,428 | $2,050 | $2,882 | $3,623 |
| Porter | $233 | $601 | $1,260 | $2,610 | $4,573 |
| Saint Leo | $152 | $334 | $426 | $696 | $828 |
| Taunton | $702 | $1,140 | $1,772 | $3,656 | $5,352 |
| Wood Lake | $440 | $902 | $1,524 | $2,414 | $3,836 |
| Vesta | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 30 |
Links | |
|---|---|
| Yellow Medicine Tax Assessor | |
| Website | tax.cptmn.us |