Hutchinson, Renville County, Minnesota Property Taxes

Name: Property Tax Bills Across Hutchinson, Renville County, Minnesota
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Hutchinson, MN effective property tax rate: 0.55%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Hutchinson, MN home value: $291,000
Median annual Hutchinson, MN tax bill: $2,084, $316 lower than the national median property tax bill of $2,400.

How are property taxes in Renville calculated?

Property taxes in Hutchinson, 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 Hutchinson’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hutchinson, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Hutchinson, Renville County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.55%

Estimate Property Tax Bill

$1,601

$1,485

Ownwell’s Hutchinson Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hutchinson with just two data points.

By entering your property's estimated assessed value, our calculator applies Hutchinson’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Renville.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Hutchinson, Renville County, Minnesota

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. In Hutchinson, located in Renville County, MN, the effective property tax rate is 0.55%. This rate is significantly lower than the national median property tax rate of 1.02%. Homeowners in Hutchinson benefit from a comparatively lower tax burden, which can lead to significant savings over time. This is particularly advantageous when considering the national median property tax bill of $2,400. By understanding these rates, homeowners can better evaluate their property tax obligations and potential savings. Such insights are crucial for making informed decisions about property investments and financial planning.

Property Tax Rates Across Hutchinson, Renville County, Minnesota

Source: Ownwell

0.55%

1.04%

1.52%

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 Hutchinson Tax Rate

0.55%

Median Effective Renville County Tax Rate

1.31%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Hutchinson, Renville County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55350	0.26%	0.34%	0.55%	0.72%	0.74%

Source: Ownwell

Property Tax Assessment Values Across Hutchinson, Renville County, Minnesota

When examining property taxes in Hutchinson, 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 Renville County 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 Renville 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 Hutchinson.

For example, the median home price in Hutchinson is $291,000, with tax bills ranging significantly across the county. Zip code 55350 has the highest median home price at $291,000.

Property Tax Assessment Values Across Hutchinson, Renville County, Minnesota

Source: Ownwell

$75,700

$185,450

$295,200

Median Hutchinson Market Value

$291,000

Median Renville County Market Value

$142,100

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Hutchinson, Renville County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55350	$258,100	$259,600	$291,000	$680,400	$1,265,900

Source: Ownwell

Property Tax Bills Across Hutchinson, Renville County, Minnesota

In Hutchinson, MN, property tax bills are determined by assessing the market value of a home and applying the local tax rate. With a median home price of $291,000, homeowners might expect varying tax bills. The 25th percentile tax bill is approximately $1,473, while the 75th percentile reaches $2,562, and the 90th percentile climbs to $3,578. The median tax bill of $2,084 in Hutchinson is slightly below the national median of $2,400. Several factors influence these bills, including the assessed value of the property, local government budgets, and specific exemptions or deductions available to homeowners. For many, these taxes represent a significant annual expense. However, Ownwell can assist homeowners in reducing their property tax bills by providing expert property tax appeal and exemption services. By identifying potential savings and ensuring accurate assessments, Ownwell helps homeowners navigate the complexities of property taxes, potentially saving them hundreds or even thousands of dollars annually.

Property Tax Bills Across Hutchinson, Renville County, Minnesota

Source: Ownwell

$964

$1,546

$2,127

Median Hutchinson Tax Bill

$2,084

Median Renville County Tax Bill

$1,564

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Hutchinson, Renville County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55350	$1,194	$1,473	$2,084	$2,562	$3,578

Source: Ownwell