Lake County Property Taxes
Lake County, Minnesota
Effective Tax Rate
0.00%
22.8% below state avgMedian Annual Tax
$0
$140/mo escrow
Estimate Your Tax
Annual Tax
$0
Monthly
$0
Eff. Rate
0.75%
At a Glance
Median Home Value
$222,900
State avg ▲ $222,532
Tax w/ Mortgage/yr
$1,667
$139/mo escrow
Tax w/o Mortgage/yr
$1,680
$140/mo
State Tax Rate Rank
#7
of 87 counties (1 = lowest)
Data Story
About Property Taxes in Lake County, Minnesota
Lake County boasts unusually low tax rate
At 0.751%, Lake County's effective tax rate is the lowest among all eight counties profiled and well below the national median of 0.84%. Annual taxes of $1,674 are 38% lower than the national median of $2,690, making Lake County exceptionally tax-friendly.
Lake County ranks among Minnesota's tax leaders
Lake County's 0.751% rate is substantially below Minnesota's state average of 0.968%, placing it in the very bottom tier statewide. The median property tax of $1,674 is the third-lowest among the eight counties examined.
Lake County surpassed only by Lake of the Woods
Lake of the Woods edges Lake slightly lower at 0.707%, but Lake County beats all other neighbors including Koochiching (0.799%) and Kittson (0.916%). Lake County represents one of the region's most affordable tax environments.
Your estimated annual Lake County property tax
A home worth Lake County's median of $222,900 generates an estimated annual tax of roughly $1,674. Homeowners with mortgages and those without mortgages both typically pay in the same ballpark, around $1,670.
Verify your assessment reflects true market value
Even in low-tax counties, erroneous assessments happen. Lake County homeowners should compare their assessed value against recent arm's-length sales of similar properties; if yours appears inflated, filing a free appeal with the county assessor could reduce your tax burden further.
How Lake County Compares
Median Annual Property Tax
Lake County
0.75%
Effective rate
Minnesota Avg
0.97%
Effective rate
National Avg
0.91%
Effective rate
Frequently Asked Questions
What is the property tax rate in Lake County, Minnesota?
How much are property taxes in Lake County?
How does Lake County compare to the Minnesota average?
What is the median home value in Lake County, Minnesota?
Is Lake County a low property tax area in Minnesota?
How does Lake 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.