Olmsted County

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Olmsted County

Olmsted County, Minnesota

151 4th St SE
Rochester, Minnesota 55904

Tel: 507-328-6000
Fax: 507-328-7967

County Website: Olmsted county
Assessor Website: Olmsted county assessor

Olmsted County Property Assessment Adjustment Instructions

  1. Check if you're eligible to appeal your property taxes. You can do this by contacting the Olmsted County Assessor's Office or checking out the Minnesota Department of Revenue's guide on appealing property taxes (https://www.revenue.state.mn.us/individuals/property-tax/Pages/Appealing-Your-Property-Tax.aspx).
  2. Gather any supporting documentation you have, like sales data for comparable properties or receipts for improvements you've made to your home.
  3. Contact the Olmsted County Assessor's Office (https://www.co.olmsted.mn.us/assessor/) to request an appeal. You can do this by calling them at (507) 328-7100 or submitting an appeal online through their website.
  4. Attend a hearing before the county's Board of Appeal and Equalization (BAE) and present your case to them.
  5. If the BAE grants your appeal, your property taxes will be adjusted. If they deny your appeal, you can appeal their decision to the Minnesota Tax Court.

URLs

That's the basic process for appealing your property taxes in Olmsted County. If you have any more questions or need more information, you can check out the Olmsted County Assessor's Office website (https://www.co.olmsted.mn.us/assessor/) or the Minnesota Association of County Assessors' guide to appealing property tax assessments (https://mncountyassessors.org/appealing-property-tax-assessments/).

Here's how to lower your property taxes in Olmsted county

Contact the county assessor

Contact the Olmsted county tax assessor's office and ask for a review of the property's value. Visit the Olmsted county assessor's website to find the phone number to call. If the assessor determines that your property is worth less than the value on which your taxes are based, your property taxes may be lowered.

Tax exemptions

Start by finding what your tax bill is. Typically you will find your tax bill information on your mortgage statement. Look for tax exemptions or credits that you may be eligible for. Many states and localities offer exemptions or credits for homeowners who meet certain criteria, information such as being over a certain age or having a low income. Olmsted county may have these types of exemptions available for homeowners. These exemptions and credits can lower the property tax you owe.

Appeal tax assessment

Appeal the property tax assessment. If you believe that your property's value has been overestimated, you can typically appeal the assessment to your Olmsted county tax assessor's office. This is part of the services that your assessor's office provides. You will need to provide evidence to support your claim, such as a recent appraisal or sales data for comparable properties and homes in your area. Usually, you will meet with the Board of Equalization. If your appeal is successful, your property taxes may be lowered.

Challenge the tax rate

Consider challenging the tax rate. In some cases, the amount of property taxes you owe is not based on the value of your property, but on the tax rate set by your local government. If you believe that the tax rate is too high, you can contact your Olmsted county government and ask them to consider reducing it.

Property Tax Rules

Stay up-to-date on your property's value and property tax rules. For the purpose of lowering your Olmsted county property tax, property value is the assessed property value and not the market property value. Assessed property value is used for taxation purposes while market property value is what a buyer and seller would likely agree on. Typically the assessed value is lower than the market value. Your property's value can change over time due to a variety of factors, such as changes in the local real estate market or improvements you make to your property. To ensure that your property taxes are accurate and fair, it is important to stay informed about your property's value and contact Olmsted county local tax assessor's office if you believe there has been a significant change.

Keep in mind that property tax laws and regulations can vary, so it is important to consult with your Olmsted county Minnesota tax assessor's office for specific information about how to reduce your property taxes.

About Olmsted County

Homes in Olmsted county have a median home value of $232,723.

Olmsted county home values are ranked 13 out of 87 counties in the state of Minnesota for median home price. The average median home value in Minnesota is $169,752. Traverse county has the lowest median price at $85,101. Carver county has the highest median price at $333,490.

Compared to the rest of the United States, Olmsted county homes have a median home value that is above the national median value of $130,626 by ~78%.

Minnesota Median Home Values by County

The median household income in Olmsted county is $80,403.

Compared to the state of Minnesota and the United States, Olmsted county's median household income is higher than the state of Minnesota's average median household income of $63,124 and the United States average median household income of $54,172.

income

Olmsted county's population has grown from 106,470 in 1990 to 162,847 in 2020, an increase of 53% over that time frame.

For comparison, the state of Minnesota's population has grown from 4,375,665 in 1990 to 5,706,494 in 2020, an increase of 30% over that time frame.

In the United States, the population has grown from 248,790,925 in 1990 to 331,449,281 in 2020, an increase of 33% over that time frame.

Olmsted county's population change from 1990 to 2020 is greater than the population change for Minnesota and the United States.

population

Olmsted County Minnesota Cities

Byron, Dover, Oronoco, Rochester, Stewartville, Viola

Olmsted County Minnesota Zipcodes

55901 / 55902 / 55904 / 55906 / 55920 / 55929 / 55934 / 55960 / 55976 /

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