Prinsburg, Kandiyohi County, Minnesota Property Taxes
Median Prinsburg, MN effective property tax rate: 1.41%, significantly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Prinsburg, MN home value: $169,700
Median annual Prinsburg, MN tax bill: $2,144, $256 lower than the national median property tax bill of $2,400.
How are property taxes in Kandiyohi County calculated?
Property taxes in Prinsburg, 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 Prinsburg’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Prinsburg, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Prinsburg, Kandiyohi County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.41%
Estimate Property Tax Bill
$2,393
$2,220
Property Tax Rates Across Prinsburg, Kandiyohi County, Minnesota
Local government entities set tax rates, and these can vary significantly within a state. Why? Each year, counties calculate their necessary budgets to fund services and divide this by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. Although the setting of tax rates and budgets involves votes and laws, this is essentially the annual process.
In Prinsburg, located in Kandiyohi County, Minnesota, the effective property tax rate stands at 1.41%. This rate is notably higher than the national median property tax rate of 1.02%. When compared to other cities in Minnesota, Prinsburg's rate is consistent with the highest and lowest rates within the state, which are both 1.41%. This highlights the uniformity of property tax rates in this region. Understanding these rates can help property owners anticipate their tax responsibilities and explore potential savings through appeals or exemptions. By comparing Prinsburg's rate with the national median, property owners can gain insight into how their local taxes measure up on a broader scale.
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 Prinsburg Tax Rate
1.41%
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 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 Prinsburg, Kandiyohi County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56281 | 0.73% | 1.15% | 1.41% | 1.52% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Prinsburg, Kandiyohi County, Minnesota
When examining property taxes in Prinsburg, 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 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 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 Prinsburg. For example, the median home price in Prinsburg is $169,700, with tax bills ranging significantly across the county. Zip code 56281 has the highest median home price at $169,700.
Property Tax Assessment Values Across Prinsburg, Kandiyohi County, Minnesota
Source: Ownwell
$158,350
$272,975
$387,600
Median Prinsburg Market Value
$169,700
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 Prinsburg, Kandiyohi County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56281 | $84,340 | $123,700 | $169,700 | $241,200 | $363,220 |
Source: Ownwell
Property Tax Bills Across Prinsburg, Kandiyohi County, Minnesota
Median Prinsburg Tax Bill
$2,144
Median Kandiyohi County Tax Bill
$2,360
Median Minnesota Tax Bill
$3,182
Median United States Tax Bill
$2,400
Property Tax Bills Across Prinsburg, Kandiyohi County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 56281 | $1,043 | $1,574 | $2,144 | $3,024 | $4,755 |
Source: Ownwell