Yellow Medicine County, Minnesota Property Taxes
Census Bureau ACS property tax data for Minnesota. Population: 3,364.
The median annual property tax in Yellow Medicine County is $1,545, which is 29% lower than the Minnesota state average and 20% below the national average. The effective tax rate is 1.04% on a median home value of $148,200. Property taxes represent 2.2% of the median household income in this county.
Median Annual Tax
$1,545
-29% vs State
-20% vs US
Median Home Value
$148,200
-33% vs State
-30% vs US
Effective Tax Rate
1.04%
+7% vs State
+9% vs US
With vs Without Mortgage
With Mortgage
$1,515
$126/mo
Without Mortgage
$1,567
$131/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 | $1,545 +4.4% | 1.04% |
| 2022 | $1,480 +8.4% | 1.02% |
| 2021 | $1,365 +2.7% | 1.10% |
| 2020 | $1,329 +6.8% | 1.13% |
| 2019 | $1,244 | 1.13% |
Tax Burden
Tax-to-Income Ratio
2.2%
of median household income
Median Income
$71,573
per year
Monthly Tax
$129
per month
Other Counties in Minnesota
Cass County
Tax: $1,512/yr Rate: 0.58%
Pope County
Tax: $1,915/yr Rate: 0.79%
Scott County
Tax: $4,195/yr Rate: 1.07%
Ramsey County
Tax: $3,767/yr Rate: 1.24%
Sibley County
Tax: $2,364/yr Rate: 1.10%
Houston County
Tax: $2,633/yr Rate: 1.16%
Frequently Asked Questions
What is the average property tax in Yellow Medicine County, Minnesota? ▼
The median annual property tax in Yellow Medicine County is $1,545 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 1.04% on a median home value of $148,200.
How does Yellow Medicine County property tax compare to the national average? ▼
Property taxes in Yellow Medicine County are 20% below the national average of $1,923. The effective rate of 1.04% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Yellow Medicine County? ▼
In Yellow Medicine County, homeowners with a mortgage pay a median of $1,515 in annual property taxes, while homeowners without a mortgage pay $1,567. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Yellow Medicine County? ▼
Property taxes in Yellow Medicine County represent approximately 2.2% of the median household income of $71,573. 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.