Maynard, Renville County, Minnesota Property Taxes
Median Maynard, MN effective property tax rate: 0.85%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%. Median Maynard, MN home value: $239,550. Median annual Maynard, MN tax bill: $2,127, $273 lower than the national median property tax bill of $2,400.
How are property taxes in Renville calculated?
Property taxes in Maynard, 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 Maynard’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Maynard, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Maynard, Renville County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.85%
Estimate Property Tax Bill
$2,036
$1,890
Property Tax Rates Across Maynard, Renville County, Minnesota
Local government entities determine property tax rates, which can significantly vary across different areas within a state. Each year, counties assess their budgetary needs for providing essential services and divide this amount by the total assessed value of all taxable properties in their jurisdiction. This process establishes the property tax rate. Although setting these rates and budgets involves various votes and legal frameworks, this encapsulates the annual procedure in a simplified form.
In Maynard, located in Renville County, the effective property tax rate stands out when compared to other cities in Minnesota. The median property tax rate in Minnesota is 0.85%, which is lower than the national median property tax rate of 1.02%. This difference can lead to substantial savings for property owners in Maynard compared to the national average. Understanding these variations in tax rates is crucial for property owners, as it directly impacts their annual tax bills. By appealing your property taxes with the right guidance, you can potentially lower your tax burden, ensuring you only pay what is fair and accurate.
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 Maynard Tax Rate
0.85%
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 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 Maynard, Renville County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56260 | 0.50% | 0.64% | 0.85% | 1.01% | 1.75% |
Source: Ownwell
Property Tax Assessment Values Across Maynard, Renville County, Minnesota
When examining property taxes in Maynard, 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 Assessor's Office 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 Maynard. For example, the median home price in Maynard is $239,550, with tax bills ranging significantly across the county. Zip code 56260 has the highest median home price at $239,550.
Property Tax Assessment Values Across Maynard, Renville County, Minnesota
Source: Ownwell
$75,700
$185,450
$295,200
Median Maynard Market Value
$239,550
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 Maynard, Renville County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56260 | $144,120 | $166,675 | $239,550 | $337,375 | $441,230 |
Source: Ownwell
Property Tax Bills Across Maynard, Renville County, Minnesota
Median Maynard Tax Bill
$2,127
Median Renville County Tax Bill
$1,564
Median Minnesota Tax Bill
$3,182
Median United States Tax Bill
$2,400
Property Tax Bills Across Maynard, Renville County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56260 | $1,353 | $1,592 | $2,127 | $3,008 | $3,675 |
Source: Ownwell