Kenyon, Rice County, Minnesota Property Taxes

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

Median Kenyon, MN effective property tax rate: 0.40%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Kenyon, MN home value: $424,300
Median annual Kenyon, MN tax bill: $2,059, $341 lower than the national median property tax bill of $2,400.

How are property taxes in Rice County calculated?

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

Last Updated March 1, 2025

Kenyon, Rice County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.4%

Estimate Property Tax Bill

$1,697

$1,575

Ownwell’s Kenyon Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Kenyon with just two data points. By entering your property's estimated assessed value, our calculator applies Kenyon’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 Rice County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Kenyon, Rice County, Minnesota

Local government entities set tax rates, which can vary widely within a state. This variation occurs because 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 Kenyon, located in Rice County, Minnesota, the effective property tax rate is notably lower than the national median rate of 1.02%. This is indicative of the area's approach to balancing the needs of its community with the value of its properties. The uniformity of Kenyon's tax rate across its zip code, 55946, stands out, as both the highest and lowest median tax rates are the same at 0.40%. This stability can appeal to property owners seeking consistency in their tax liabilities. Comparing Kenyon’s rate to the national median offers insight into the potential savings property owners might enjoy in this region.

Property Tax Rates Across Kenyon, Rice County, Minnesota

Source: Ownwell

0.40%

0.81%

1.22%

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 Kenyon Tax Rate

0.40%

Median Effective Rice County Tax Rate

0.89%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Kenyon, Rice County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55946	0.19%	0.24%	0.40%	0.60%	0.65%

Source: Ownwell

Property Tax Assessment Values Across Kenyon, Rice County, Minnesota

When examining property taxes in Kenyon, 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 Rice 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 Rice 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 Kenyon. For example, the median home price in Kenyon is $424,300, with tax bills ranging significantly across the county. The 55946 zip code has the highest median home price at $424,300.

Property Tax Assessment Values Across Kenyon, Rice County, Minnesota

Source: Ownwell

$209,200

$353,950

$498,700

Median Kenyon Market Value

$424,300

Median Rice County Market Value

$294,900

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Kenyon, Rice County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55946	$176,720	$289,275	$424,300	$816,550	$1,589,520

Source: Ownwell

Property Tax Bills Across Kenyon, Rice County, Minnesota

In Kenyon, located in Rice County, MN, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the market value, and local tax rates are set by various taxing authorities, including the county and school district. Factors such as changes in market conditions, local government budgets, and voter-approved measures can influence these rates. Homeowners in Kenyon face a median property tax bill of $2,059, which is below the national median of $2,400. However, the tax bill can range significantly, with the 25th percentile at $1,298 and the 90th percentile reaching $4,709, reflecting variability based on property value and location within the city.

Ownwell assists homeowners in reducing their property tax bills by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell can help ensure that homeowners are not overpaying, potentially saving them hundreds or even thousands of dollars annually.

Property Tax Bills Across Kenyon, Rice County, Minnesota

Source: Ownwell

$1,145

$2,439

$3,732

Median Kenyon Tax Bill

$2,059

Median Rice County Tax Bill

$2,471

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Kenyon, Rice County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55946	$548	$1,298	$2,059	$3,026	$4,709

Source: Ownwell