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County tax profile · 2026 · Census ACS + IRS data

Property Tax & Income in Lyon County, Minnesota

Lyon County has an effective property tax rate of 1.06%. On the median home value of $200,700, that's roughly $2,126 per year. Median household income is $75,303.

Effective Property Tax Rate1
1.06%
median tax $2,126 ÷ median home $200,700
Median Home Value1
$200,700
owner-occupied
Median Household Income1
$75,303
per-capita $39,073
Est. Annual Tax on Median Home1
$2,126
at 1.06% effective rate

What you'll pay, at a glance

Property taxes are the largest local tax most homeowners pay. The effective rate measures the real tax bill as a share of home value — a more useful number than the nominal “mill rate,” because assessment practices vary county to county.

MetricLyon CountyMinnesota (state context)
Effective property tax rate11.06%0.98%
Median home value1$200,700—
State income tax3top rate 9.85%top rate 9.85%
State sales tax38.14% combined8.14% combined

How this is calculated

The effective property tax rate is the median real-estate tax bill divided by the median home value — both for owner-occupied homes, from the U.S. Census Bureau's American Community Survey (ACS 5-year estimates)1. Median income is also from the ACS1. Federal and state income-tax figures use IRS2 and Tax Foundation3 data.

About Lyon County, MN

Property taxes in Lyon County, Minnesota run higher than both the state and national benchmarks. The county's 1.059% effective rate sits above Minnesota's 0.985% median and well above the national figure of 0.794%, placing it 19th among the state's 87 counties. That ranking signals a heavier reliance on property taxes than most Minnesota communities carry. A home valued at the median $200,700 generates an annual tax bill near $2,126, a meaningful sum against a median household income of $75,303. Per-capita income stands at $39,073. Communities such as Balaton, Garvin, and Lynd share in this tax structure. Buyers weighing a move here should expect property taxes to claim a larger share of the cost of ownership than they would in many other parts of the country.

Frequently asked questions

What is the property tax rate in Lyon County, MN?
The effective rate is 1.06% — meaning the median tax bill equals about 1.06% of the median home value.
How much are property taxes on a median home?
On the median home ($200,700), the estimated annual bill is about $2,126.
Is Lyon County's rate high or low?
Compare it to the state median of 0.98% and the national average near 1.1%.
How does the effective rate differ from my mill rate?
A mill rate is the nominal levy per $1,000 of assessed value. The effective rate reflects what you actually pay after exemptions and assessments — it's the median tax bill as a share of median home value, so it better predicts your real cost.
Will a reassessment raise my tax bill?
Not necessarily. If your home's assessed value rises, your bill can go up, but only if the mill rate and exemptions stay flat. Contact the Lyon County assessor's office to review your current assessment.
Can I appeal my property tax assessment?
Yes. Most counties allow an appeal when you believe the assessed value exceeds the market value. File with the Lyon County assessor within the local deadline, typically with comparable sales as evidence.
Sources
[1] U.S. Census Bureau — ACS 5-Year (2023) — Median home value (B25077), median real-estate taxes (B25103), median household income (B19013), per-capita income (B19301).
[2] IRS — Statistics of Income — County income, AGI, and real-estate taxes paid.
[3] Tax Foundation — State income, sales, corporate, and estate/inheritance tax rates.