New London, Kandiyohi County, Minnesota Property Taxes

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

Median New London, MN effective property tax rate: 0.97%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median New London, MN home value: $257,100
Median annual New London, MN tax bill: $2,564, $164 higher than the national median property tax bill of $2,400.

How are property taxes in Kandiyohi calculated?

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

Last Updated March 1, 2025

New London, Kandiyohi County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.97%

Estimate Property Tax Bill

$2,494

$2,314

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

By entering your property's estimated assessed value, our calculator applies New London’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Kandiyohi 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 Kandiyohi.

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

Property Tax Rates Across New London, Kandiyohi County, Minnesota

Local government entities set tax rates, which can vary widely within a state. Why? Annually, 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. Below, you can compare New London’s effective property tax rate to other cities in Minnesota and the median property tax rates in Minnesota and the U.S.

In New London, located in Kandiyohi County, the median property tax rate is 0.97%. This rate aligns with the highest and lowest median rates in the area, highlighting a consistency in tax assessment. Compared to the national median property tax rate of 1.02%, New London's rate is slightly lower, offering a more affordable tax environment. This can be an attractive feature for potential homeowners looking for a cost-effective place to live. Understanding these rates is crucial for property owners who want to manage their expenses wisely and make informed decisions about property investments.

Property Tax Rates Across New London, Kandiyohi County, Minnesota

Source: Ownwell

0.71%

1.08%

1.45%

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 New London Tax Rate

0.97%

Median Effective Kandiyohi County Tax Rate

1.04%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across New London, Kandiyohi County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
56273	0.72%	0.85%	0.97%	1.11%	1.42%

Source: Ownwell

Property Tax Assessment Values Across New London, Kandiyohi County, Minnesota

When examining property taxes in New London, 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 Kandiyohi County appraisal district 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 Kandiyohi 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 New London. For example, the median home price in New London is $257,100, with tax bills ranging significantly across the county. 56273 has the highest median home price at $257,100.

Property Tax Assessment Values Across New London, Kandiyohi County, Minnesota

Source: Ownwell

$158,350

$272,975

$387,600

Median New London Market Value

$257,100

Median Kandiyohi County Market Value

$222,850

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across New London, Kandiyohi County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
56273	$101,500	$167,300	$257,100	$387,675	$538,300

Source: Ownwell

Property Tax Bills Across New London, Kandiyohi County, Minnesota

In New London, located in Kandiyohi County, Minnesota, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The median home price in New London is $257,100, which influences the overall tax bill. Homeowners in this area can expect tax bills ranging from $1,671 at the 25th percentile to $5,022 at the 90th percentile, with the median tax bill at $2,564. This figure is slightly above the national median property tax bill of $2,400, reflecting the local economic and property market conditions. Factors such as property location, improvements, and market trends can also affect tax assessments. For homeowners seeking to reduce their property tax bills, Ownwell offers valuable assistance through property tax appeal and exemption services. By analyzing property assessments and identifying potential discrepancies, Ownwell can help homeowners in New London potentially lower their tax obligations, ensuring they only pay what is fair and justified based on their property's true assessed value.

Property Tax Bills Across New London, Kandiyohi County, Minnesota

Source: Ownwell

$1,680

$2,676

$3,671

Median New London Tax Bill

$2,564

Median Kandiyohi County Tax Bill

$2,360

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across New London, Kandiyohi County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
56273	$798	$1,671	$2,564	$3,746	$5,022

Source: Ownwell