Lake County, Minnesota Property Taxes
Census Bureau ACS property tax data for Minnesota. Population: 4,225.
The median annual property tax in Lake County is $1,674, which is 23% lower than the Minnesota state average and 13% below the national average. The effective tax rate is 0.75% on a median home value of $222,900. Property taxes represent 2.2% of the median household income in this county.
Median Annual Tax
$1,674
-23% vs State
-13% vs US
Median Home Value
$222,900
+0% vs State
+5% vs US
Effective Tax Rate
0.75%
-23% vs State
-21% vs US
With vs Without Mortgage
With Mortgage
$1,667
$139/mo
Without Mortgage
$1,680
$140/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 | $1,674 +5.3% | 0.75% |
| 2022 | $1,590 +9.8% | 0.79% |
| 2021 | $1,448 +6.7% | 0.79% |
| 2020 | $1,357 +0.9% | 0.78% |
| 2019 | $1,345 | 0.77% |
Tax Burden
Tax-to-Income Ratio
2.2%
of median household income
Median Income
$75,621
per year
Monthly Tax
$140
per month
Other Counties in Minnesota
Beltrami County
Tax: $2,214/yr Rate: 1.00%
Lac qui Parle County
Tax: $1,360/yr Rate: 0.95%
Swift County
Tax: $1,258/yr Rate: 0.86%
Stearns County
Tax: $2,617/yr Rate: 1.02%
Meeker County
Tax: $2,159/yr Rate: 0.94%
Sibley County
Tax: $2,364/yr Rate: 1.10%
Frequently Asked Questions
What is the average property tax in Lake County, Minnesota? ▼
The median annual property tax in Lake County is $1,674 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.75% on a median home value of $222,900.
How does Lake County property tax compare to the national average? ▼
Property taxes in Lake County are 13% below the national average of $1,923. The effective rate of 0.75% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Lake County? ▼
In Lake County, homeowners with a mortgage pay a median of $1,667 in annual property taxes, while homeowners without a mortgage pay $1,680. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Lake County? ▼
Property taxes in Lake County represent approximately 2.2% of the median household income of $75,621. 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.