Lonsdale, Rice County, Minnesota Property Taxes
Median Lonsdale, MN effective property tax rate: 1.00%, slightly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Lonsdale, MN home value: $323,750
Median annual Lonsdale, MN tax bill: $3,040, $640 higher than the national median property tax bill of $2,400.
How are property taxes in Rice County calculated?
Property taxes in Lonsdale, 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 Lonsdale’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lonsdale, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lonsdale, Rice County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1%
Estimate Property Tax Bill
$3,238
$3,004
Property Tax Rates Across Lonsdale, Rice County, Minnesota
Local government entities set tax rates, and these can vary significantly within a state. Each year, counties estimate the budget necessary to provide services and divide this by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this annual process is the crux of how rates are determined.
In Lonsdale, located in Rice County, Minnesota, the effective property tax rate aligns with the county's median rate of 1.00%. This rate is slightly below the national median property tax rate of 1.02%. When compared to other cities in Minnesota, Lonsdale shares the same tax rate, indicating a certain uniformity in property taxation within the region. This consistency can provide predictability for property owners, a factor that can be advantageous when planning long-term financial commitments. Understanding how these rates are determined and how they compare to national figures can help property owners make informed decisions about their investments.
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 Lonsdale Tax Rate
1.00%
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 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 Lonsdale, Rice County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55046 | 0.29% | 0.67% | 1.00% | 1.07% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Lonsdale, Rice County, Minnesota
When examining property taxes in Lonsdale, 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 Lonsdale. For example, the median home price in Lonsdale is $323,750, with tax bills ranging significantly across the county. Zip code 55046 has the highest median home price at $323,750.
Property Tax Assessment Values Across Lonsdale, Rice County, Minnesota
Source: Ownwell
$209,200
$353,950
$498,700
Median Lonsdale Market Value
$323,750
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 Lonsdale, Rice County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55046 | $176,000 | $258,475 | $323,750 | $399,275 | $545,950 |
Source: Ownwell
Property Tax Bills Across Lonsdale, Rice County, Minnesota
Property tax bills in Lonsdale, Rice County, MN, are calculated based on the assessed value of a property, which is determined by local assessors. Homeowners in Lonsdale face a median property tax bill of $3,040, significantly higher than the national median of $2,400. This discrepancy highlights the importance of understanding how assessments impact tax obligations. Factors such as property size, location, and market trends influence assessed values, ultimately determining the tax bill. With a tax bill at the 25th percentile at $2,008 and the 90th percentile reaching $4,580, there's a broad range of what homeowners might owe, reflecting the varying property values and assessment practices in the area.
Ownwell assists homeowners in Lonsdale by offering property tax appeal services, potentially reducing their tax burden. By analyzing assessment data and identifying discrepancies, Ownwell can help ensure that homeowners are not overpaying. This service is particularly beneficial in regions like Rice County, where tax bills can significantly exceed the national average, providing a valuable opportunity for savings.
Median Lonsdale Tax Bill
$3,040
Median Rice County Tax Bill
$2,471
Median Minnesota Tax Bill
$3,182
Median United States Tax Bill
$2,400
Property Tax Bills Across Lonsdale, Rice County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55046 | $596 | $2,008 | $3,040 | $3,712 | $4,580 |
Source: Ownwell