Property Tax in Faribault County
via TaxByCounty
Faribault taxes high despite low values
Faribault County's effective rate of 1.051% exceeds the national median of roughly 0.85%, placing it in the upper-middle range of U.S. counties. With a median home value of just $120,200—well below the national median of $281,900—residents pay $1,263 annually, less than the national median of $2,690 primarily due to lower property values.
Above-average rate in Minnesota
Faribault County's 1.051% effective rate exceeds Minnesota's state average of 0.968%, making it a relatively high-tax county despite modest property values. The median tax bill of $1,263 falls well below the state median of $2,168, a reflection of Faribault's significantly lower home values.
Pricier taxes, cheaper homes than region
Faribault's 1.051% rate sits between Fillmore County (0.947%) and Freeborn County (1.061%), but stands out for the lowest home values in the region at $120,200. This combination means Faribault's tax rate is relatively steep for the property values it applies to.
What $120K home costs annually
A median-priced home in Faribault valued at $120,200 generates approximately $1,263 in annual property taxes at the county's 1.051% rate. Homeowners with mortgages pay $1,310, while those without mortgages pay $1,220.
Challenge assessments to lower bills
In Faribault County, where home values and incomes tend to be lower, every dollar of property tax matters—making assessment appeals especially valuable. Contact the Faribault County assessor's office to request a review if you believe your home is overvalued.