Olmsted County approves property tax relief during COVID-19 crisis

Decorative image of wooden house with coins stacked and faded in the background
The COVID-19 health emergency has resulted in a significant loss of income for many individuals, businesses, and property owners. As a result, some Olmsted County taxpayers may have difficulty meeting the May 15, 2020 deadline for the first half payment of 2020 property taxes. 

To provide some property tax relief during this difficult time, today the Olmsted County Board of Commissioners approved a one-time temporary abatement of the penalty and interest for late property tax payments. This will extend the date that late payment penalties begin to accrue from May 15 to July 15, 2020. 

Important points to note:

  • Payments for the first half of 2020 property taxes are due May 15.
  • If this payment is not made by May 15, there will be no penalties assessed unless the first half of property taxes is not paid by July 15.
  • This does not apply to property taxes paid by escrow.
  • Partial property tax payments will be accepted up to July 15.
  • At the end of July 2020, Olmsted County will provide an additional settlement and distribution of property taxes collected between May 15 and July 15 to cities, townships, special taxing districts, and school districts.  

Not all individuals and businesses in Olmsted County are experiencing financial hardship due to COVID-19. Those that are still able to make their first-half property tax payments by May 15 are encouraged to do so.