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Updated 2025 Tax Year

Waseca County
Property Tax Guide

Everything you need to know about property taxes in Waseca County, MN. Rates, due dates, exemptions, and how it affects your monthly payment.

10 Official Sources
8 min read
Quick Facts
Tax Rate
Varies by taxing district within Waseca County, projected 5.19% increase for 2025
1st Due
May 15
2nd Due
Oct 15
Exemptions
4+ Available
Section 1

How Property Tax Works

Waseca County, Minnesota operates under the state's property tax system, which serves as the primary funding mechanism for essential local services including schools, roads, public safety, and county operations. Property taxes in Waseca County are calculated based on the assessed market value of your property multiplied by the applicable tax rate, which varies depending on your specific location within the county due to different taxing districts and special assessments.

The property tax rate for Waseca County is projected to increase by 5.19% for 2025, reflecting the county's historically conservative approach to property tax increases while meeting growing service demands. Your actual tax rate will depend on your property's location within various taxing districts, including school districts, city boundaries, and special service districts. Minnesota does not impose an assessment cap, meaning property values can increase without limitation, though various tax credits may help reduce your overall tax burden if you qualify and apply for them.

Section 2

What Makes Up Your Tax Bill

ComponentRateDescription
General Levy~1.0% baseCounty operations, services, and infrastructure
School DistrictsVaries by districtLocal school funding and bond payments
Municipal LevyVaries by city/townshipCity services for incorporated areas
Special AssessmentsVaries by locationFire districts, library districts, other special services
Debt ServiceVariesOutstanding bond payments for capital projects

Rates shown are approximate for fiscal year 2025 and vary significantly by taxing district within Waseca County. The general levy increase of 5.19% ($50,869.84 on a base of $1,031,061.92) applies specifically to the county portion. Contact the Waseca County Assessor's Office for precise rates applicable to your property's specific taxing districts.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Waseca County, property taxes are due in two installments:

First Installment
May 15
Delinquent after Dec 10
Second Installment
Oct 15
Delinquent after Apr 10
Pro tip: If you pay through mortgage escrow, your lender splits these payments across your monthly mortgage. If you pay directly, set calendar reminders to avoid late penalties.
Section 4

Supplemental Tax Bills

Supplemental taxes in Waseca County are additional property tax assessments that occur when there are changes to property ownership, improvements, or new construction that weren't included in the regular assessment cycle. These taxes are calculated based on the difference between the old and new assessed values, multiplied by the applicable tax rate, and prorated for the portion of the tax year affected by the change.

For example, if you complete a home addition valued at $50,000 in July, and your total tax rate is 1.2%, you would owe a supplemental tax of approximately $300 ($50,000 × 1.2% ÷ 2) for the remaining half of the tax year. Supplemental taxes are billed separately from your regular property tax bill and have their own due dates, typically within 30 days of the supplemental bill date.

Example Calculation

$300,000 Property:

  • Assessed Value: $300,000
  • Less: Market Value Homestead Credit (if qualified): ~$1,200
  • Net Taxable Value: ~$298,800
  • Annual Tax (at ~1.2% effective rate): $3,586
  • Monthly Escrow: $299

$600,000 Property:

  • Assessed Value: $600,000
  • Less: Market Value Homestead Credit (if qualified): ~$1,800
  • Net Taxable Value: ~$598,200
  • Annual Tax (at ~1.2% effective rate): $7,178
  • Monthly Escrow: $598

$1,000,000 Property:

  • Assessed Value: $1,000,000
  • Less: Market Value Homestead Credit (if qualified): ~$2,400
  • Net Taxable Value: ~$997,600
  • Annual Tax (at ~1.2% effective rate): $11,971
  • Monthly Escrow: $998

Note: Tax credits require application and qualification. Actual rates vary by taxing district location within Waseca County.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Waseca County require property tax escrow accounts to ensure timely payment of property taxes. Your lender will collect approximately 1/12 of your annual property tax bill with each monthly mortgage payment, depositing these funds into an escrow account. The lender then pays your property taxes directly to Waseca County when they become due on May 15 (first half) and October 15 (second half).

Lenders are required to provide annual escrow statements showing deposits, payments, and account balances. If your property taxes increase due to reassessment or rate changes, your lender may require an escrow account adjustment, potentially resulting in a one-time shortage payment or increased monthly payments. You can request to waive escrow requirements if you have sufficient equity (typically 20% or more) and prefer to pay taxes directly, though this requires lender approval and may involve additional fees.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
  • See how rising taxes will change your monthly payment
  • Plan ahead instead of being surprised by "shortage" letters
Section 6

Frequently Asked Questions

Q: When are property taxes due in Waseca County? A: Property taxes are due in two installments: first half due May 15 and second half due October 15 for the current fiscal year. Non-agricultural properties follow the same October 15 deadline for the second half payment.

Q: What tax credits are available and do I need to apply? A: The primary credit is the Market Value Homestead Credit (MVHC), which requires application with the county assessor. This credit reduces your tax bill and must be applied for annually. Additional credits may be available for seniors, veterans, or disabled property owners, all requiring separate applications and qualification verification.

Q: How does the homestead credit work? A: The homestead credit provides property tax relief by limiting annual assessment increases and offering direct tax bill reductions. You must file a homestead application with the Waseca County Assessor's Office to qualify. This is not automatic and requires annual verification of eligibility.

Q: When are properties reassessed? A: Minnesota requires annual assessment of all properties. Assessment notices are typically mailed in March, with appeal deadlines in April. Contact the Waseca County Assessor's Office at 307 North State Street, Waseca, MN 56093, or call 507-835-0630 for specific appeal procedures.

Q: What are the penalties for late payment? A: Late payments incur interest charges and penalties. First half payments made after May 15 and second half payments made after October 15 are subject to interest at the statutory rate, plus additional penalties for extended delinquency.

Q: Can I pay property taxes online? A: Yes, Waseca County offers online payment options. Check the official Waseca County website for current payment portals and accepted payment methods. Processing fees may apply for electronic payments.

Q: Why do tax rates vary within the county? A: Different areas of Waseca County belong to various taxing districts including different school districts, cities, townships, and special service districts (fire, library, etc.). Each district sets its own levy, creating different total tax rates depending on your property's location.

Q: How can I get help with property tax questions? A: Contact the Waseca County Administrator's Office at 307 North State Street, Waseca, Minnesota 56093, phone 507-835-0630, or visit the official Waseca County website for current forms, rates, and detailed information about available credits and application procedures.

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