Kilkenny, Rice County, Minnesota Property Taxes

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

Median Kilkenny, MN effective property tax rate: 0.60%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Kilkenny, MN home value: $360,600
Median annual Kilkenny, MN tax bill: $1,855, $545 lower than the national median property tax bill of $2,400.

How are property taxes in Rice County calculated?

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

Last Updated March 1, 2025

Kilkenny, Rice County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.6%

Estimate Property Tax Bill

$2,164

$2,008

Ownwell’s Kilkenny Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Kilkenny with just two data points. By entering your property's estimated assessed value, our calculator applies Kilkenny’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 Kilkenny, Rice County, Minnesota

Local government entities set tax rates, which can vary widely within a state. 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 Kilkenny, located in Rice County, Minnesota, the effective property tax rate is 0.60%. This rate is notably lower than the national median property tax rate of 1.02%. The property tax rate in Kilkenny is also consistent across the county, as both the highest and lowest rates are the same at 0.60%. This consistency can be advantageous for property owners seeking predictability in their tax bills. Additionally, the median property tax bill in Kilkenny is likely to be below the national median of $2,400, offering potential savings for homeowners. Comparing Kilkenny's property tax rate to other cities in Minnesota and the national average highlights the potential benefits of owning property in this region.

Property Tax Rates Across Kilkenny, 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 Kilkenny Tax Rate

0.60%

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 Kilkenny, Rice County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
56052	0.24%	0.31%	0.60%	0.70%	0.74%

Source: Ownwell

Property Tax Assessment Values Across Kilkenny, Rice County, Minnesota

When examining property taxes in Kilkenny, 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.

Assessment notices: 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 Kilkenny.

For example, the median home price in Kilkenny is $360,600, with tax bills ranging significantly across the county. Zip code 56052 has the highest median home price at $360,600.

Property Tax Assessment Values Across Kilkenny, Rice County, Minnesota

Source: Ownwell

$209,200

$353,950

$498,700

Median Kilkenny Market Value

$360,600

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 Kilkenny, Rice County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
56052	$61,880	$222,100	$360,600	$498,000	$756,200

Source: Ownwell

Property Tax Bills Across Kilkenny, Rice County, Minnesota

In Kilkenny, located in Rice County, MN, property tax bills are determined based on the assessed value of a home. This assessed value is multiplied by the local tax rate to calculate the annual tax bill. Factors influencing the assessed value include the market value of the home and any improvements made. The median home price in Kilkenny is $360,600, which can lead to varying tax bills depending on individual assessments. Homeowners in Kilkenny face tax bills that range significantly, with the 25th percentile at $746 and the 90th percentile reaching $3,575. The median property tax bill stands at $1,855, which is below the national median of $2,400, offering some relief to local homeowners. Ownwell can assist homeowners in Kilkenny by providing expert property tax appeal services, potentially lowering their tax burden. By analyzing assessments and identifying discrepancies, Ownwell helps ensure that homeowners only pay their fair share, maximizing savings and reducing financial stress.

Property Tax Bills Across Kilkenny, Rice County, Minnesota

Source: Ownwell

$1,145

$2,439

$3,732

Median Kilkenny Tax Bill

$1,855

Median Rice County Tax Bill

$2,471

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Kilkenny, Rice County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
56052	$216	$746	$1,855	$2,900	$3,575

Source: Ownwell