Olmsted County, Minnesota Property Taxes
Census Bureau ACS property tax data for Minnesota. Population: 47,115.
The median annual property tax in Olmsted County is $3,314, which is 53% higher than the Minnesota state average and 72% above the national average. The effective tax rate is 1.09% on a median home value of $304,500. Property taxes represent 3.5% of the median household income in this county.
Median Annual Tax
$3,314
+53% vs State
+72% vs US
Median Home Value
$304,500
+37% vs State
+44% vs US
Effective Tax Rate
1.09%
+12% vs State
+15% vs US
With vs Without Mortgage
With Mortgage
$3,430
$286/mo
Without Mortgage
$3,156
$263/mo
Homeowners with a mortgage typically own higher-valued properties, which can result in higher tax bills.
Property Tax History
| Year | Median Tax | Effective Rate |
|---|---|---|
| 2023 | $3,314 +6.6% | 1.09% |
| 2022 | $3,110 +7.4% | 1.09% |
| 2021 | $2,897 +6.8% | 1.16% |
| 2020 | $2,712 +7.2% | 1.16% |
| 2019 | $2,531 | 1.18% |
Tax Burden
Tax-to-Income Ratio
3.5%
of median household income
Median Income
$93,494
per year
Monthly Tax
$276
per month
Other Counties in Minnesota
Watonwan County
Tax: $1,557/yr Rate: 1.03%
Wadena County
Tax: $1,773/yr Rate: 1.04%
Big Stone County
Tax: $1,169/yr Rate: 0.86%
Wilkin County
Tax: $1,310/yr Rate: 0.76%
Red Lake County
Tax: $1,508/yr Rate: 0.96%
Steele County
Tax: $2,824/yr Rate: 1.21%
Frequently Asked Questions
What is the average property tax in Olmsted County, Minnesota? ▼
The median annual property tax in Olmsted County is $3,314 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 1.09% on a median home value of $304,500.
How does Olmsted County property tax compare to the national average? ▼
Property taxes in Olmsted County are 72% above the national average of $1,923. The effective rate of 1.09% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Olmsted County? ▼
In Olmsted County, homeowners with a mortgage pay a median of $3,430 in annual property taxes, while homeowners without a mortgage pay $3,156. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Olmsted County? ▼
Property taxes in Olmsted County represent approximately 3.5% of the median household income of $93,494. The national benchmark is generally 2-4% of household income.
Explore More Data
Data source: U.S. Census Bureau, American Community Survey 5-Year Estimates. Property tax data reflects median amounts paid by homeowners. Effective rates are calculated as median tax divided by median home value.