Lake County, MN Property Tax

The Lake County property tax rate is 0.56% of home value, making property taxes in this county one of the lowest in the state.
Written by Elizabeth Sandberg
Reviewed by Melanie Reiff
With an average property tax rate of .56% and a median home value of $142,000, Lake County residents pay an average of $795 a year in property taxes
Property taxes are one of the responsibilities of homeownership. But periodic increases in property appraisals, along with varying tax rates from county to county, can make it difficult to understand your tax responsibilities.   
That’s why
Jerry
—your
home and auto insurance comparison
app—is here to guide you through the details of property taxes in your area. In this article, we’ll cover Lake County property tax information, including how and when to pay your property taxes in
Minnesota’s
68th most populous county.  
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Property tax 101

If you’ve never paid property taxes before, here’s what you need to know: 
  • Minnesota property taxes are applied locally and used to fund public and community initiatives, such as education, law enforcement, fire and public safety, and libraries.
  • Most property taxes are assessed on real property such as land, buildings, and homes
  • Local tax assessors assign rates based on current market values and a local tax rate
  • Property taxes are subject to increase based on market conditions and local budget needs
Basically, property taxes are how you as a homeowner support your community’s government services

What is the property tax rate in Lake County?

Lake County’s average tax rate is 0.56% of assessed home values—far below the state average of 1.035%. Based on that rate, you can expect to pay an average of $795 a year in property taxes in Lake County. 

How Lake County property taxes are determined

The value of your property is determined by
your local tax assessor
based on the property’s fair market value. If you think your property’s value has been calculated incorrectly, you can appeal the assessment with the
Lake County Assessor
.  
If you own your property and use it as a primary residence, you may qualify for a
Homestead Market Value Exclusion
or other tax reduction under Minnesota law.  

What do Lake County property taxes pay for? 

Lake County property tax revenues fund multiple local governmental services, including the following:
  • K-12 and community education
  • Public libraries
  • Transportation 
  • Roads and highways
  • Law enforcement
  • Public health
  • Building safety
  • Regional sewer system
  • Mosquito control
  • Watershed management
  • Public housing
  • Museums

How to pay property taxes in Lake County 

Lake County property taxes are
due each year
on May 15 (first half) for all real estate, October 15 (second half) for all commercial and residential properties, and November 15 (second half) for agricultural property. If those dates fall on a holiday or weekend, your taxes will be due the next business day.
Taxpayers in Lake County have a
few convenient options
for paying property taxes. You can pay online, by mail or dropbox, in person, or through your mortgage payment. Here’s how: 
  • Online: You can use an e-check, direct deposit, or a credit or debit card to pay Lake County property taxes—just be aware that card payments have an added convenience fee
  • By mail: Make your check payable to the Lake County Auditor and send it to 601 3rd Ave, Two Harbors, MN 55616 
  • In-person: You can call the assessor’s office at the number
    on their website
    for an appointment to bring your payment in person. 
  • Drop box: You can drop your payment off at the drop box located outside the Law Enforcement Center Building at 601 3rd Ave, Two Harbors, MN 55616
  • Through your mortgage: Lake County will send tax information to your mortgage lender if you choose to include your property taxes in your mortgage payment. Check with your lender to set this up 

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FAQs

Lake County property taxes are due on
May 15, October 15, and November 15
each year.
Your property tax statement will be mailed to you in March, just before your first property tax payment is due.
Property taxes in Lake County average about $795 a year, which is much lower than both the state average and the national average.
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