Faribault County Property Taxes
Faribault County, Minnesota
Effective Tax Rate
0.00%
41.7% below state avgMedian Annual Tax
$0
$105/mo escrow
Estimate Your Tax
Annual Tax
$0
Monthly
$0
Eff. Rate
1.05%
At a Glance
Median Home Value
$120,200
State avg ▼ $222,532
Tax w/ Mortgage/yr
$1,310
$109/mo escrow
Tax w/o Mortgage/yr
$1,220
$102/mo
State Tax Rate Rank
#65
of 87 counties (1 = lowest)
Data Story
About Property Taxes in Faribault County, Minnesota
Faribault taxes high despite low values
Faribault County's effective rate of 1.051% exceeds the national median of roughly 0.85%, placing it in the upper-middle range of U.S. counties. With a median home value of just $120,200—well below the national median of $281,900—residents pay $1,263 annually, less than the national median of $2,690 primarily due to lower property values.
Above-average rate in Minnesota
Faribault County's 1.051% effective rate exceeds Minnesota's state average of 0.968%, making it a relatively high-tax county despite modest property values. The median tax bill of $1,263 falls well below the state median of $2,168, a reflection of Faribault's significantly lower home values.
Pricier taxes, cheaper homes than region
Faribault's 1.051% rate sits between Fillmore County (0.947%) and Freeborn County (1.061%), but stands out for the lowest home values in the region at $120,200. This combination means Faribault's tax rate is relatively steep for the property values it applies to.
What $120K home costs annually
A median-priced home in Faribault valued at $120,200 generates approximately $1,263 in annual property taxes at the county's 1.051% rate. Homeowners with mortgages pay $1,310, while those without mortgages pay $1,220.
Challenge assessments to lower bills
In Faribault County, where home values and incomes tend to be lower, every dollar of property tax matters—making assessment appeals especially valuable. Contact the Faribault County assessor's office to request a review if you believe your home is overvalued.
How Faribault County Compares
Median Annual Property Tax
Faribault County
1.05%
Effective rate
Minnesota Avg
0.97%
Effective rate
National Avg
0.91%
Effective rate
Frequently Asked Questions
What is the property tax rate in Faribault County, Minnesota?
How much are property taxes in Faribault County?
How does Faribault County compare to the Minnesota average?
What is the median home value in Faribault County, Minnesota?
Why is Faribault County property tax rate higher than the Minnesota average?
How does Faribault County rank for property taxes in Minnesota?
Counties with Similar Tax Rates
Nearby Counties
Other Counties in Minnesota
Data updated: March 2026
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates. Effective tax rate is calculated as median property tax divided by median home value.