Cottonwood County, Minnesota Property Taxes
Census Bureau ACS property tax data for Minnesota. Population: 3,544.
The median annual property tax in Cottonwood County is $1,737, which is 20% lower than the Minnesota state average and 10% below the national average. The effective tax rate is 1.13% on a median home value of $154,000. Property taxes represent 2.5% of the median household income in this county.
Median Annual Tax
$1,737
-20% vs State
-10% vs US
Median Home Value
$154,000
-31% vs State
-27% vs US
Effective Tax Rate
1.13%
+16% vs State
+19% vs US
With vs Without Mortgage
With Mortgage
$1,759
$147/mo
Without Mortgage
$1,716
$143/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 | $1,737 +9.5% | 1.13% |
| 2022 | $1,586 +13.3% | 1.12% |
| 2021 | $1,400 +5.3% | 1.20% |
| 2020 | $1,330 +9.1% | 1.24% |
| 2019 | $1,219 | 1.29% |
Tax Burden
Tax-to-Income Ratio
2.5%
of median household income
Median Income
$68,239
per year
Monthly Tax
$145
per month
Other Counties in Minnesota
Otter Tail County
Tax: $1,966/yr Rate: 0.78%
Clay County
Tax: $2,854/yr Rate: 1.11%
Benton County
Tax: $2,532/yr Rate: 1.02%
Nicollet County
Tax: $2,888/yr Rate: 1.12%
Brown County
Tax: $1,890/yr Rate: 1.04%
Hennepin County
Tax: $4,337/yr Rate: 1.15%
Frequently Asked Questions
What is the average property tax in Cottonwood County, Minnesota? ▼
The median annual property tax in Cottonwood County is $1,737 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 1.13% on a median home value of $154,000.
How does Cottonwood County property tax compare to the national average? ▼
Property taxes in Cottonwood County are 10% below the national average of $1,923. The effective rate of 1.13% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Cottonwood County? ▼
In Cottonwood County, homeowners with a mortgage pay a median of $1,759 in annual property taxes, while homeowners without a mortgage pay $1,716. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Cottonwood County? ▼
Property taxes in Cottonwood County represent approximately 2.5% of the median household income of $68,239. 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.