Property Tax Analysis for Rice County, MN
Property tax rates, assessment ratios, and appeal potential in Rice County.
Effective Tax Rate
1.0%
Annual Tax Bill
$2,769
Monthly Escrow
$231
Tax Burden
3.5% of income
Tax Assessment Details
Current Assessment
Market Value$279,700
Est. Assessed Value$237,745
Assessment Ratio~85%
Effective Rate1.0%
Appeal Potential
Potential Annual Savings$415
5-Year Savings$2,075
vs National Averagebelow (1.1%)
Appeal Success Rate~40-60%
About Property Taxes in Rice County
Rice County in Minnesota has an effective property tax rate of 1.0%, which is below the national average of 1.1%. On a median home value of $279,700, that translates to $2,769 annually or $231 per month in escrow.
Property tax assessments can often be successfully appealed. Our calculator models assessment ratios, comparable sales analysis, and appeal timing to estimate your potential savings with Monte Carlo simulation.
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