Lyon County, Minnesota Property Taxes
Census Bureau ACS property tax data for Minnesota. Population: 7,057.
The median annual property tax in Lyon County is $2,021, which is 7% lower than the Minnesota state average and 5% above the national average. The effective tax rate is 1.05% on a median home value of $193,100. Property taxes represent 2.8% of the median household income in this county.
Median Annual Tax
$2,021
-7% vs State
+5% vs US
Median Home Value
$193,100
-13% vs State
-9% vs US
Effective Tax Rate
1.05%
+8% vs State
+11% vs US
With vs Without Mortgage
With Mortgage
$2,160
$180/mo
Without Mortgage
$1,850
$154/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 | $2,021 +11.9% | 1.05% |
| 2022 | $1,806 +11.0% | 1.02% |
| 2021 | $1,627 +10.1% | 1.01% |
| 2020 | $1,478 +1.1% | 0.97% |
| 2019 | $1,462 | 0.98% |
Tax Burden
Tax-to-Income Ratio
2.8%
of median household income
Median Income
$72,761
per year
Monthly Tax
$168
per month
Other Counties in Minnesota
Nicollet County
Tax: $2,888/yr Rate: 1.12%
Cook County
Tax: $2,322/yr Rate: 0.79%
Chippewa County
Tax: $1,551/yr Rate: 1.04%
Waseca County
Tax: $2,537/yr Rate: 1.19%
Itasca County
Tax: $1,851/yr Rate: 0.87%
Mower County
Tax: $1,819/yr Rate: 1.06%
Frequently Asked Questions
What is the average property tax in Lyon County, Minnesota? ▼
The median annual property tax in Lyon County is $2,021 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 1.05% on a median home value of $193,100.
How does Lyon County property tax compare to the national average? ▼
Property taxes in Lyon County are 5% above the national average of $1,923. The effective rate of 1.05% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Lyon County? ▼
In Lyon County, homeowners with a mortgage pay a median of $2,160 in annual property taxes, while homeowners without a mortgage pay $1,850. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Lyon County? ▼
Property taxes in Lyon County represent approximately 2.8% of the median household income of $72,761. 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.