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Property Records and Licensing
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151 4th St SE
Rochester, MN 55904
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Property Tax Statement & Stubs

 

The Property Tax Statement is mailed in March of each year. The statement shows the property tax you will pay for the year. 

ATTENTION: If you are a taxpayer with questions about your property tax statement or if you lost or did not receive your statement, please contact Olmsted County Records and Revenue at 507 328-7636.

Missing Your Statement or Stubs?  If you lost your statement or payment stubs, visit our Property Information Website to print a new statement or stubs or visit our Property Information page to learn more about online access.

Items on Tax Statements:
 

Estimated Market Value: Estimated market value is the amount the Assessor estimates a buyer would pay for your property if it were offered for sale. Each year the assessor reviews the market valuation of your property to determine if changes in the real estate market or improvements to your property require a change in the estimated market value. Market value deferments for Green Acres and open space, exclusions under the platted vacant land, limited market value and ‘This Old House’ laws are subtracted from the Estimated Market Value to arrive at the Taxable Market Value.

Property Classification: The Minnesota legislature has established different property tax classifications based on the use or type of property. It also has established specific benefits that apply to particular uses. The most common are:

  • Residential Homestead
  • Relative Homestead
  • Disabled Homestead
  • Agricultural
  • Commercial, Industrial
  • Public Utility
  • Seasonal Recreational

State General Tax: A statewide property tax levied by the State of Minnesota on commercial, industrial and seasonal properties. These taxes are paid to the State of Minnesota and go to the State General Fund. A portion is used to fund school related expenditures.

School Voter Approved Levies: Includes all levies and debt obligations approved by the voters in that school district.

Other School Levies: Includes school levies for community services and debt obligations that are not voter approved.

Other Special Taxing Districts: Includes the Community Development Agency (CDA), Housing and Redevelopment Authorities (HRA), and watershed districts. Not all areas have each of these districts.

Tax Increment Financing (TIF):  A local development tool used by cities and other development authorities to finance redevelopment of blighted areas, economic development, moderate and low-income housing, and other projects by “capturing” the additional property taxes generated by the project to finance up-front development costs. Minnesota Statutes 469.174 thru 469.176 authorize the use of TIF by development authorities.

Related Links
Try our A-Z Guide
USA.gov
Minnesota North Star
Cities in Olmsted County
Digital Counties Survey 2010 Winner
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