Olmsted County Property Taxes
Olmsted County, Minnesota
Effective Tax Rate
0.00%
52.9% above state avgMedian Annual Tax
$0
$276/mo escrow
Estimate Your Tax
Annual Tax
$0
Monthly
$0
Eff. Rate
1.09%
At a Glance
Median Home Value
$304,500
State avg ▲ $222,532
Tax w/ Mortgage/yr
$3,430
$286/mo escrow
Tax w/o Mortgage/yr
$3,156
$263/mo
State Tax Rate Rank
#72
of 87 counties (1 = lowest)
Similar tax rates
Data Story
About Property Taxes in Olmsted County, Minnesota
Olmsted County taxes rank above national average
Olmsted County's effective tax rate of 1.088% surpasses the national median, placing it in the upper 20% of U.S. counties for property tax burden. The median tax bill of $3,314 far exceeds the national median of $2,690, reflecting both higher rates and higher home values.
Second-highest taxes in Minnesota
Olmsted County's 1.088% rate ranks among the state's priciest, second only to Nicollet County's 1.117% in this regional group and well above Minnesota's 0.968% average. The median tax of $3,314 is the second-highest statewide and 53% above the state median.
Only Nicollet County taxes higher
Olmsted County's 1.088% rate nearly matches Nicollet County (1.117%) but far exceeds Nobles County (0.934%) and Morrison County (0.909%). Southeast Minnesota's tax burden concentrates in these two counties.
What Olmsted homeowners actually pay
A median Olmsted County home valued at $304,500 incurs an annual tax bill of approximately $3,314—the highest in this eight-county comparison. Homeowners with mortgages pay $3,430, while outright owners pay $3,156, a $274 differential.
Assessment appeals are worthwhile here
With tax bills topping $3,300, Olmsted County homeowners should absolutely challenge any overvaluation in their assessments. Even a modest reduction through appeal could save hundreds annually.
How Olmsted County Compares
Median Annual Property Tax
Olmsted County
1.09%
Effective rate
Minnesota Avg
0.97%
Effective rate
National Avg
0.91%
Effective rate
Frequently Asked Questions
What is the property tax rate in Olmsted County, Minnesota?
How much are property taxes in Olmsted County?
How does Olmsted County compare to the Minnesota average?
What is the median home value in Olmsted County, Minnesota?
Why is Olmsted County property tax rate higher than the Minnesota average?
How does Olmsted 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.