Property tax dollars are received by the County, school district, municipality and other local taxing districts in which you live. The county portion of your property tax dollars are used to fund services such as county libraries, parks, county roads and community services.
COVID-19 property tax hardship relief
Olmsted County is aware of the serious impacts of COVID-19 in our local area and across the U.S. To assist taxpayers in the County, all late penalty dates for property taxes due in 2020 were extended until December 31, 2020.
COVID-19 has also had a significant impact to owners of commercial and industrial businesses and their ability to pay property taxes in a timely manner. On December 15, 2020, the Olmsted County Board of Commissioners approved a temporary COVID-19 property tax hardship abatement policy for commercial/industrial property owners. The policy is intended to provide some relief to business owners having difficulty paying their property taxes due to COVID-19 impacts on their business. This will defer payment of some of the taxes and abate some of the penalties and interest to help those businesses recover.
Commercial/industrial property owners who meet the qualification criteria and would like to seek abatement must apply by 5 p.m. on February 15, 2021. Applications must be submitted by the property owner and all applications will require approval from the Olmsted County Board of Commissioners. Approved applicants will be allowed a 6- to 18-month period to pay back taxes which are in arrears, starting January 1, 2021.
Please read the Olmsted County Hardship Policy for Commercial/Industrial Properties below for qualifying criteria. If your business qualifies for the program, download, print and complete the COVID-19 Hardship Application below.