Faribault, MN · Updated Oct 2026

What a Faribault home costs each year

Property tax, water, trash and energy from public rates. Look up your address to make it yours, and see how to pay less.

Suggestions as you type come from Google; the lookup uses free public map services to find who serves it. Not stored unless you save your house.

Example · a Faribault house

$7,841a year · $653 a month

Starts at the typical market value, $241,500; your assessed value is often lower. Typical use.

Property tax$2,667
1.475% of $241,500, less $500,000 1.00% class rate on the first $500,000 and less $24,815 homestead market value exclusion
Flat charges on the tax bill$60
Rice County solid waste fee $60
Electricity and gas$2,408
587.82 kWh a month $1,277 · 71 therms $1,131
Water and sewer$933
7,000 gallons a month on City of Faribault: water $30, sewer $38, storm water fee (per residential lot equivalent) $10 a month
TrashNot included
Garbage service is arranged with a private hauler; no hauler price is included in the totals
Home insurance$1,774
Typical premium $1,774

A Faribault house at the typical market value ($241,500) costs about $7,800 a year: $2,730 property tax and charges, $930 water and sewer, $2,410 electricity and gas, $1,770 home insurance; trash is billed separately. Estimated from public rates, not anyone's actual bill.

Rates checked Oct 22, 2026. Insurance: what you enter, or a typical premium until you do. Sources are listed at the bottom.

Ways to pay less

Nothing here applies to every house automatically. These are worth checking:

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.
Claim the Minnesota property tax refund
The due date for the property tax refund is August 15. You may file up to one year after the due date.
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.
Veterans with a 70%+ disability rating: market value exclusion$150,000 or $300,000 off market value
Honorably discharged veterans with a service-connected disability rating of 70% or higher who own and occupy a homestead can get a $150,000 market value exclusion; a 100% permanent and total disability rating qualifies for $300,000.

Money dates

Nov 1in 8 daysSeniors: last day to file for the property tax deferral for next year's tax
Dec 31in 68 daysLast 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 15First half of real property taxes due
Aug 15Minnesota property tax refund due; you may still file up to one year late

Who serves this house

Water: City of Faribault; 2026 residential rates per gallon in three monthly tiers, plus a monthly fixed access charge by meter size
Property tax: 1.47% of value; 2026 taxes payable, Rice County (Faribault city, School District 656)
Garbage: Haulers listed by the City; Garbage collection in Faribault is provided by companies including Archambault Brothers Disposal, City and Lakes Disposal, Flom Disposal and Waste Management
Sewer: City of Faribault; The City provides water, sewer and storm water services, billed monthly
Electricity: Xcel Energy; Xcel Energy provides electric service in Faribault; Steele Waseca Electric Cooperative also serves electric customers there
Gas: Xcel Energy; Xcel Energy provides gas service in Faribault; Greater Minnesota Gas Co. also serves gas customers there

Pay or manage your bills

Your water

Source: Groundwater from five wells ranging from 403 to 750 feet deep that draw water from the Jordan-Wonewoc, Prairie Du Chien-Jordan and Jordan aquifers
Service lines: As of 05/04/2026 the City's service line inventory contains 905 lead, 158 galvanized requiring replacement, 88 unknown material and 6236 non-lead service lines

Other MN cities

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How these numbers are made

Property tax: Rice County's final 2026 payable rates for Faribault city in School District 656: 105.091% of tax capacity (county 38.251% plus county HRA 0.209%, city 51.551% plus HRA 1.560% and EDA 1.529%, school district 11.991%) plus 0.16126% of market value for the school referendum levy.
Minnesota taxes a home on tax capacity: 1.00% of taxable market value up to $500,000 and 1.25% above, so each tax-capacity rate is applied at 1.00% and one extra line adds 0.25% times 105.091% on value above $500,000. Owner-occupied homesteads also get the homestead market value exclusion (40% of the first $95,000, reduced by 9% of value above $95,000, zero from $517,200), which comes off the tax-capacity parts only; the referendum rate applies to full market value. The starting value is the Census median (market), not an assessor figure.
Water and sewer: City of Faribault 2026 fee schedule (Resolution 2026-070). Water is $14.49 a month for a 5/8-3/4 inch meter plus three tiers priced per gallon (shown per 1,000 gallons, breaks at 12,000 and 24,000 gallons a month); sewer is $11.02 a month plus $0.004061 per gallon of water used. The City publishes no typical use, so the page starts at its default use. Storm water is $9.82 a month per residential lot equivalent; each single-family property is one.
Garbage: the City lists haulers and does not provide the service; residents choose a hauler whose prices are not published by the City, so none is in the totals. The Rice County solid waste fee of $60 a year is on the property tax bill and is added once.
Energy: Xcel Energy serves most Faribault homes for electric and gas (Steele Waseca Electric Cooperative and Greater Minnesota Gas Co. serve parts). Rates are Xcel's Minnesota residential figures as used on the Northfield page (EIA 2024 average price with the $6.00 base charge removed, tariff base charge, Xcel's January 2026 interim gas average bills), plus the City's flat monthly franchise fees: $6.63 electric and $6.96 gas (the $1.63 and $1.96 existing fees plus the $5.00 street-improvement fee each, from the City's franchise fee FAQ for the January 2022 change; Xcel's current city-fee tariff was not found). Insurance is the NAIC statewide 2022 average premium. Modelling remarks: the electric rate is a 2024 average price and Xcel's Minnesota residential rates have had interim increases since (2025 and January 2026), so the electric total may be low; the two city fees are 2022 figures and may have changed; the insurance figure is the 2022 NAIC average, the latest on the Insurance Information Institute page, and Minnesota premiums have likely changed since. The real total is higher by your garbage hauler's bill.
Nothing here is legal, tax or insurance advice.

Sources

How Faribault compares

A typical Faribault house against the 58 Minnesota cities we cover, using the same default numbers as the total above.

Per year	Faribault	Median	Where it falls
Property tax rate	1.47%	1.50%	lower than 32 of the other 55 Minnesota cities we cover
Water	$355	$368	lower than 31 of the other 57 Minnesota cities we cover
Sewer and utility-bill fees	$578	$637	lower than 42 of the other 57 Minnesota cities we cover
Electricity and gas	$2,408	$2,109	higher than 56 of the other 57 Minnesota cities we cover
Home insurance	$1,774	$1,774	in the middle of 57 other Minnesota cities we cover
Total	$7,841	$9,677	lower than 57 of the other 57 Minnesota cities we cover

Cities bill differently (some put trash on the tax bill, some cover more services), so a higher number isn't necessarily worse. The property tax rate is compared instead of dollars because house values differ.

Questions to ask your candidates

Each one starts from a number above. Any candidate can answer them.

1. Electricity and gas

The fact: Electricity and gas for a typical house here cost about $2,408 a year, higher than 56 of the other 57 Minnesota cities we cover. Rates are set mostly by the utility and the state.

Ask: "Electricity and gas here cost about $2,408 a year for a typical house, higher than 56 of the other 57 Minnesota cities we cover. Which parts of that can the city influence, and what would you do about them?"

See who is running in your city →

Common questions about Faribault house costs

What is the property tax rate in Faribault?

About 1.47% of the value before exemptions a year (2026 taxes payable, Rice County (Faribault city, School District 656)), plus flat charges on the same bill (Rice County solid waste fee $60).

How much is property tax on a $500,000 house in Faribault?

About $6,105 a year on $500,000 of the value before exemptions with the 1.00% class rate on the first $500,000, including $60 of flat charges.

How much is the water bill in Faribault?

About $78 a month for water and sewer at typical use (7,000 gallons a month) on City of Faribault.

How much does trash pickup cost in Faribault?

Garbage service is arranged with a private hauler; no hauler price is included in the totals

When is property tax due in Faribault?

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

Can seniors lower their property tax or bills in Faribault?

Yes. 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 much does a house in Faribault cost to run each year?

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