Rochester, Olmsted County, Minnesota Property Taxes - Ownwell
Rochester, Olmsted County, Minnesota Property Taxes
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Property Taxes in Rochester, Minnesota
- Median Rochester, Minnesota effective property tax rate: 1.21%, significantly higher than the national median of 1.02%, and higher than the Minnesota state median of 1.13%.
- Median Rochester, Minnesota home value: $294,100
- Median annual Rochester, Minnesota tax bill: $3,479, $1,079 higher than the national median property tax bill of $2,400.
How are property taxes in Olmsted calculated?
Property taxes in Rochester, Minnesota are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Rochester's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Rochester, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Rochester, Olmsted County, Minnesota Property Tax Bill Calculator
Property Assessed Value
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.21%
Estimate Property Tax Bill
$3,559
$3,302
How Does the Rochester Property Tax Calculator Work?
Use this Rochester property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Rochester's median effective tax rate of 1.21% — based on actual property records in Olmsted County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessor uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Rochester's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Rochester: rates range from $2,863.00 in 55904 to $5,074.00 in 55902, primarily due to differences in school district levies and local assessment districts. Rochester's median tax rate is higher than Minnesota's 1.13% median rate, and the median bill is $1,079 higher than the state median bill of $2,400.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Rochester.
About Rochester Property Taxes
Rochester's median effective property tax rate of 1.21% is higher than the Minnesota state median of 1.13% and higher than the national median of 1.02%. This rate reflects the Olmsted County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Rochester. Homeowners in the 55902 ZIP code carry a median effective rate of 1.25%, while those in 55904 pay 1.19%. This spread — 0.06 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Olmsted County.
Rochester homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the April 30, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Rochester, Olmsted County, Minnesota
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Rochester's effective property tax rate to other cities in Minnesota and the median property tax rates in Minnesota and the U.S.
Property Tax Rates Across Rochester, Olmsted County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55901 | 1.05% | 1.13% | 1.19% | 1.25% | 1.34% |
| 55902 | 1.06% | 1.19% | 1.25% | 1.30% | 1.40% |
| 55904 | 0.89% | 1.11% | 1.19% | 1.25% | 1.35% |
| 55906 | 0.98% | 1.14% | 1.21% | 1.26% | 1.37% |
Property Tax Assessment Values Across Rochester, Olmsted County, Minnesota
When examining property taxes in Rochester, Minnesota, understanding the distinction between "market value" and "assessed value" is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Olmsted County estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In Olmsted County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of March.
Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Rochester.
For example, the median home price in Rochester is $294,100, with tax bills ranging significantly across the county. 55902 has the highest median home price at $413,150.
Property Tax Assessment Values Across Rochester, Olmsted County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55901 | $167,750 | $239,700 | $289,900 | $363,400 | $454,000 |
| 55902 | $197,150 | $276,900 | $413,150 | $588,575 | $828,300 |
| 55904 | $119,000 | $187,900 | $242,500 | $307,100 | $439,500 |
| 55906 | $148,600 | $228,100 | $322,700 | $472,150 | $598,900 |
Property Tax Bills Across Rochester, Olmsted County, Minnesota
Rochester property tax bills are based on the assessed value of a home and the local tax rate set by taxing authorities in Olmsted County. The tax bill is determined by multiplying the assessed value by the applicable rate, then applying any exemptions or adjustments that may lower the amount owed. Because the bill is tied to market value and local budgets, two homes with similar features can still receive different tax bills if their assessed values differ.
For homeowners, this means property taxes can change when market conditions shift or when a home is reassessed. In Rochester, the median home price is $294,100, while the median property tax bill is $5,074 in ZIP code 55902 and $2,863 in ZIP code 55904. That range shows how location within the city can affect what a homeowner pays. Compared with the national median property tax bill of $2,400, Rochester homeowners often face higher annual costs.
Property Tax Bills Across Rochester, Olmsted County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55901 | $1,852 | $2,760 | $3,434 | $4,430 | $5,539 |
| 55902 | $2,332 | $3,336 | $5,074 | $7,366 | $10,692 |
| 55904 | $1,336 | $2,164 | $2,863 | $3,506 | $4,738 |
| 55906 | $1,616 | $2,662 | $3,814 | $5,654 | $7,370 |
Don't miss the deadline to appeal!
| Dates | |
|---|---|
| Appeal Deadline | April 30 |
Frequently Asked Property Tax Questions in Rochester, Minnesota
How are property taxes calculated in Rochester, Minnesota?
Property taxes in Rochester, Minnesota are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.
How do I appeal my property taxes in Rochester, Minnesota?
To appeal your property taxes in Rochester, Minnesota, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.
What property tax exemptions are available in Rochester, Minnesota?
Common property tax exemptions in Rochester, Minnesota include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.
When are property taxes due in Rochester, Minnesota?
Property tax deadlines in Rochester, Minnesota vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.
How can Ownwell help reduce my property taxes in Rochester, Minnesota?
Ownwell provides professional property tax appeal services in Rochester, Minnesota. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.