Faribault County Property Tax Rate — Minnesota 2026
In Faribault County, Minnesota, homeowners pay a median annual property tax of $1,263 on a median home value of $120,200, resulting in an effective property tax rate of 1.05%. This rate is roughly in line with the Minnesota state average (1.04%) and 0.14% higher than the national average (0.91%).
How Faribault County Compares
Homeowners in Faribault County face a relatively high property tax burden, paying more than both the Minnesota state average and the national average.
Property Tax Calculator for Faribault County
Enter your home’s estimated market value to calculate your approximate annual property tax in Faribault County, Minnesota.
This estimate uses the effective tax rate of 1.05% based on ACS data. Actual taxes may differ based on local assessments, exemptions, and levies.
Housing Breakdown
Property Tax Details for Faribault County, Minnesota
The median property tax paid by homeowners in Faribault County is $1,263 per year. Based on a median home value of $120,200, this translates to an effective property tax rate of 1.05%.
For context, the statewide median property tax in Minnesota is $3,184 with an effective rate of 1.04%, while the national average effective rate stands at 0.91%. Faribault County’s effective rate is roughly in line with the Minnesota state average (1.04%).
Of the 6,170 housing units in Faribault County, approximately 78.02% are owner-occupied and 21.98% are renter-occupied. Homeownership rates can influence local tax policy, as communities with higher ownership rates often see more voter engagement on property tax issues.
Important: The data on this page is for informational purposes only and should not be used as tax advice. Actual property taxes depend on your property’s assessed value, local millage rates, and any applicable exemptions. Contact your county assessor’s office for precise tax information.