Kimball, Meeker County, Minnesota Property Taxes
Median Kimball, MN effective property tax rate: 0.81%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Kimball, MN home value: $280,300
Median annual Kimball, MN tax bill: $2,242, $158 lower than the national median property tax bill of $2,400.
How are property taxes in Meeker County calculated?
Property taxes in Kimball, MN are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Kimball’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Kimball, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Kimball, Meeker County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.81%
Estimate Property Tax Bill
$2,270
$2,107
Property Tax Rates Across Kimball, Meeker County, Minnesota
Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide services. They then divide that budget by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Kimball, located in Meeker County, Minnesota, the effective property tax rate is reflective of the local budgetary needs and property values. Interestingly, Kimball shares the same median property tax rate as the highest and lowest rates within its region, showcasing a consistent approach to property taxation in the area. When compared to the national median property tax rate of 1.02%, Kimball's rate is significantly lower, offering residents a more favorable tax environment. This can be an attractive factor for potential homeowners seeking lower property tax burdens. By understanding these dynamics, property owners in Kimball can better navigate their tax obligations and potentially save money through strategic tax appeals and exemptions.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Kimball Tax Rate
0.81%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Meeker County Tax Rate
0.88%
Median Effective Minnesota Tax Rate
1.11%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Kimball, Meeker County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55353 | 0.67% | 0.75% | 0.81% | 0.84% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Kimball, Meeker County, Minnesota
When examining property taxes in Kimball, MN, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Meeker County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Meeker County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Kimball. For example, the median home price in Kimball is $280,300, with tax bills ranging significantly across the county. Zip code 55353 has the highest median home price at $280,300.
Property Tax Assessment Values Across Kimball, Meeker County, Minnesota
Source: Ownwell
$127,900
$256,700
$385,500
Median Kimball Market Value
$280,300
Median Meeker County Market Value
$230,100
Median Minnesota Market Value
$290,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Kimball, Meeker County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55353 | $141,300 | $212,375 | $280,300 | $386,975 | $484,250 |
Source: Ownwell
Property Tax Bills Across Kimball, Meeker County, Minnesota
Median Kimball Tax Bill
$2,242
Median Meeker County Tax Bill
$2,075
Median Minnesota Tax Bill
$3,182
Median United States Tax Bill
$2,400
Property Tax Bills Across Kimball, Meeker County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55353 | $1,073 | $1,616 | $2,242 | $3,195 | $4,003 |
Source: Ownwell