Albert Lea property tax: where it goes
A Albert Lea house at the typical market value ($157,500) pays about $1,620 a year on the property tax bill, including flat charges on the same bill. Estimated from public rates, not anyone's actual bill.
A Albert Lea house pays 1.295% of its taxable value in property tax. For a house at $157,500 of market value with the homestead exemption, that's about $1,621 a year.
Tax is levied on taxable market value times the class rate (1% on the first $500,000 of a residential homestead) gives tax capacity, which is multiplied by each jurisdiction's tax rate.
Pay or manage it
Who taxes this house
| Taxing agency | Rate | On $157,500 |
|---|---|---|
| Freeborn County | 0.541% | $677 |
| City of Albert Lea | 0.5475% | $685 |
| Albert Lea School District 241 (tax capacity) (schools) | 0.1792% | $224 |
| Shell Rock River Watershed District | 0.0203% | $25 |
| Albert Lea Housing and Redevelopment Authority | 0.0074% | $9 |
| Total | 1.295% | $1,621 |
2026 taxes payable, Freeborn County (Albert Lea city, School District 241). Exemptions applied: Homestead market value exclusion ($32,375).
How Albert Lea compares with nearby cities
Property tax rate
- Owatonna · 31 mi1.27%
- Albert Lea1.30%
- Mankato · 47 mi1.46%
- Faribault · 45 mi1.47%
- North Mankato · 50 mi1.63%
The combined rate of every agency on the bill, before exemptions.
Ways to pay less
- Moved in this year? Apply for homestead by Dec. 31. Homestead lowers the taxable value of a home you own and live in. The homestead market value exclusion is 40% of value for homesteads valued at $95,000 or less (a maximum of $38,000), is reduced as values rise, and phases out at $517,200 or more. How: Move in and file a homestead application with the assessor by December 31.
- Claim the Minnesota property tax refund. Minnesota homeowners may get a Property Tax Refund based on their income and property taxes. How: File with the Minnesota Department of Revenue by August 15 (you may file up to one year late).
- Seniors 65+: defer part of your property tax. With the Senior Citizens Property Tax Deferral, the tax you pay is 3% of household income and the state pays the rest as a loan, repaid with interest when you sell or cancel. How: You must be 65 or older (if married, the other spouse at least 62) with household income of $96,000 or less; apply by November 1.
Dates
| When | What |
|---|---|
| Dec 31 (in 57 days) | Last day to move into your home and file a homestead application with the assessor; also the last day for disabled veterans to apply for the value exclusion |
| May 15 | First half of real property taxes due |
| Aug 15 | Minnesota property tax refund due; you may still file up to one year late |
| Oct 15 | Last day to pay the second half of real estate taxes (unless part of the parcel is classified 2a agricultural land) |
Checked October 28, 2026. Every number here comes from the public sources listed, matched by our checker.
Rates change every year; this page shows when it was last checked. Nothing here is legal, tax or insurance advice.
Property tax in other Minnesota cities
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