Yellow Medicine County, Minnesota property tax
The median homeowner in Yellow Medicine County, Minnesota pays $1,545 a year in property tax on a home worth $148,200, an effective rate of 1.04%. The national effective rate is 0.98%.
What the rate means here
Yellow Medicine County taxes property at 1.04%, within a rounding error of the national 0.98%. With the rate close to typical, the $1,545 bill is driven by what housing is worth here rather than by how hard it is taxed.
It ranks #30 of 83 Minnesota counties by effective rate, against a statewide 1.04%, and #961 nationally. The state runs from 1.24% in Ramsey County down to 0.57% in Aitkin County.
The median home costs 2.07 times the median household income of $71,573, against 3.86 nationally, which is a comfortable ratio by American standards. 84.25% of occupied homes are owned rather than rented, and cheap housing relative to income is usually why. This is a small rural county of 9,509 people. Five-year survey estimates for places this size carry wide margins of error, so treat the figures as approximate.
The rate is derived rather than quoted. How and why.
What that costs at different home values
Arithmetic at the county effective rate, before any exemption or assessment cap.
Housing and income
| Yellow Medicine County | Minnesota | United States | |
|---|---|---|---|
| Effective property tax | 1.04% | 1.04% | 0.98% |
| Median tax bill | $1,545 | $3,184 | $2,969 |
| Median home value | $148,200 | $305,500 | $303,400 |
| Median gross rent | $688 | $1,235 | $1,348 |
| Median household income | $71,573 | $87,556 | $78,538 |
| Home price to income | 2.07× | 3.49× | 3.86× |
| Rent as share of income | 11.54% | 16.93% | 20.6% |
| Owner-occupied | 84.25% | 72.39% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 9,509.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| Rock County | 0.72% | $1,451 | $201,600 |
| Pipestone County | 0.91% | $1,154 | $126,700 |
| Stevens County | 0.81% | $1,459 | $180,800 |
| Swift County | 0.86% | $1,258 | $147,100 |
| Jackson County | 0.91% | $1,329 | $145,400 |
Yellow Medicine County property tax: common questions
What is the property tax rate in Yellow Medicine County, Minnesota?
The effective rate is 1.04% of home value, from a median tax bill of $1,545 against a median home value of $148,200. That is 0.06 points above the national 0.98%.
How much is property tax on a $400,000 home in Yellow Medicine County?
Roughly $4,160 a year at the county effective rate of 1.04%.
Is Yellow Medicine County expensive compared with the rest of Minnesota?
It ranks #30 of 83 Minnesota counties by effective property tax rate, and #961 of 2,826 nationally. That is 0 points above the Minnesota average of 1.04%.
What does housing cost in Yellow Medicine County?
The median home is worth $148,200 and median gross rent is $688 a month. Median household income is $71,573, which puts the home at 2.07 times annual income and rent at 11.54% of it.