Fairmont property tax: where it goes
A Fairmont house pays 1.798% of its taxable value in property tax. For a house at $169,900 of market value with the homestead exemption, that's about $2,089 a year.
Tax is levied on for a residential homestead: estimated market value, less the homestead market value exclusion, times the class rate (1.00% on the first $500,000, 1.25% above) gives tax capacity, which is taxed at the local tax capacity rate; the school referendum levy is a separate rate on market value.
Pay or manage it
Who taxes this house
| Taxing agency | Rate | On $169,900 |
|---|---|---|
| Martin County | 0.3906% | $541 |
| City of Fairmont | 0.6517% | $903 |
| School District 2752 (Fairmont Area), on tax capacity (schools) | 0.2459% | $341 |
| Fairmont HRA | 0.0189% | $26 |
| Regional development commission (county-wide) | 0.0014% | $2 |
| School District 2752 referendum levy, on market value (schools) | 0.162% | $275 |
| Higher 1.25% class rate on value above $500,000 (all tax-capacity levies) | 0.3271% | $0 |
| Total | 1.798% | $2,089 |
2026 taxes payable, Martin County (tax district 2301, City of Fairmont, School District 2752). Exemptions applied: Homestead market value exclusion ($31,259); For class 1a residential homestead property, the 1.25% class rate applies only to market value above $500,000 ($500,000).
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 Martin County Assessor (507-238-3210) 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 |
|---|---|
| Nov 1 (in 8 days) | Seniors: last day to file for the property tax deferral for next year's tax |
| Dec 31 | 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) |
Sources
- Martin County 2026 tax rate listing (tax year 2025/pay year 2026)
- Census ACS 2024 5-year, Fairmont city: median value (B25077) and median real estate taxes (B25103), via Census Reporter
- Minnesota Department of Revenue: Homestead Market Value Exclusion
- Minnesota Department of Revenue: Property Tax Calendar
- Minnesota Department of Revenue: Property Tax Refund
- Minnesota Department of Revenue: Filing for a Property Tax Refund
- Minnesota Department of Revenue: Senior Citizens Property Tax Deferral
Checked October 22, 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.