How much are property taxes in Rich Valley Township, MN?
Homeowners in Rich Valley Township, MN pay a median of $2,481 (±$245) a year in real estate taxes (2020–2024 American Community Survey, table B25103).
Homes with a mortgage pay a median of $2,757.
Homes without a mortgage pay a median of $2,261.
That is about 0.8% of the median home value of $305,500.
In Rich Valley Township, the median real estate tax went from $1,793 in 2015–2019 to $2,481 in 2020–2024 (+38.4%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median real estate taxes
- $2,481 (±$245)
- With a mortgage
- $2,757
- Without a mortgage
- $2,261
- Share of median value
- 0.8%
Real estate taxes in Rich Valley Township against McLeod County, its state and the nation
| Rich Valley Township | McLeod County | Minnesota | United States | |
|---|---|---|---|---|
| Median real estate taxes | $2,481 (±$245) | $2,840 (±$89) | $3,357 (±$10) | $3,119 |
| Homes with a mortgage | $2,757 (±$384) | $2,883 (±$123) | $3,470 (±$14) | $3,489 |
| Homes without a mortgage | $2,261 (±$409) | $2,777 (±$166) | $3,144 (±$18) | $2,576 |
| Median home value | $305,500 (±$36,782) | $246,100 (±$6,149) | $329,300 (±$903) | $332,700 |
In Rich Valley Township, the median real estate tax is lower than in McLeod County ($2,840).
It is also lower than in Minnesota ($3,357).
It is lower than the national figure ($3,119).
In McLeod County, Rich Valley Township ranks 18 of 23 places with a published estimate, from highest to lowest median real estate taxes.
Statewide, it ranks 842 of 2,563.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Taxes as a share of home value in Rich Valley Township
The median tax ($2,481) is 0.8% of the median home value ($305,500).
Across McLeod County the same ratio is 1.2%.
Across Minnesota it is 1.0%.
This is a ratio of two medians, a rough effective rate: not the tax rate or mill rate the town, county or school district sets, and not any one home’s bill.
Owners report what they paid and what they think their home is worth; the assessor’s office publishes the actual rates and assessments.
How property taxes in Rich Valley Township have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median real estate taxes | $1,793 (±$308) | $2,481 (±$245) | +38.4% | No measurable change after inflation |
| Median home value | $256,400 (±$35,302) | $305,500 (±$36,782) | +19.1% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,710 (±$143) | $2,022 (±$158) | +18.2% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median real estate taxes in places near Rich Valley Township
| Place | Distance | Median real estate taxes | Compared with this place |
|---|---|---|---|
| Rich Valley Township | — | $2,481 (±$245) | — |
| Silver Lake | 3.3 mi | $2,853 (±$250) | Higher |
| Biscay | 4.1 mi | $938 (±$106) | Lower |
| Hale Township | 5.2 mi | $2,556 (±$167) | Not measurably different |
| Hassan Valley Township | 5.7 mi | $2,856 (±$241) | Higher |
| Glencoe Township | 6.3 mi | $2,702 (±$385) | Not measurably different |
| Glencoe | 6.5 mi | $2,551 (±$331) | Not measurably different |
| Bergen Township | 6.8 mi | $3,724 (±$382) | Higher |
| Hutchinson Township | 7.4 mi | $3,682 (±$527) | Higher |
Nearby places with a measurably lower figure: Biscay, MN ($938).
Nearby places with a measurably higher figure: Silver Lake, MN ($2,853), Hassan Valley Township, MN ($2,856), Bergen Township, MN ($3,724).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median real estate taxes across McLeod County, place by place
| Rank | Place | Median real estate taxes |
|---|---|---|
| 12 | Plato | $2,759 (±$477) |
| 13 | Glencoe Township | $2,702 (±$385) |
| 14 | Brownton | $2,691 (±$321) |
| 15 | Penn Township | $2,655 (±$321) |
| 16 | Hale Township | $2,556 (±$167) |
| 17 | Glencoe | $2,551 (±$331) |
| 18 | Rich Valley Township | $2,481 (±$245) |
| 19 | Sumter Township | $2,475 (±$166) |
| 20 | Winsted | $2,425 (±$274) |
| 21 | Round Grove Township | $2,203 (±$348) |
| 22 | Stewart | $2,192 (±$350) |
| 23 | Biscay | $938 (±$106) |
Showing 12 of 23 places in McLeod County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Rich Valley Township
How much are property taxes in Rich Valley Township?
The median real estate tax paid by homeowners in Rich Valley Township, MN is $2,481 (±$245) a year (2020–2024 American Community Survey).
What is the property tax rate in Rich Valley Township?
The Census Bureau does not publish tax rates; as a rough guide, the median tax paid is 0.8% of the median home value in Rich Valley Township, and the actual rate is set by the town, county and school district.
Have property taxes in Rich Valley Township gone up?
In Rich Valley Township, the median real estate tax went from $1,793 in 2015–2019 to $2,481 in 2020–2024 (+38.4%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Are property taxes in Rich Valley Township higher than in McLeod County?
In Rich Valley Township, the median real estate tax is lower than in McLeod County ($2,840).
It is also lower than in Minnesota ($3,357).
It is lower than the national figure ($3,119).
Sources
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Rich Valley township, McLeod County, Minnesota
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Rich Valley township, McLeod County, Minnesota
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Rich Valley township, McLeod County, Minnesota
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Rich Valley township, McLeod County, Minnesota
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Rich Valley township, McLeod County, Minnesota
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Rich Valley township, McLeod County, Minnesota (county subdivision:54322, in state:27 county:085).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25103_001E, B25103_001M, B25077_001E, B25077_001M, B25088_002E, B25088_002M from the 2019 release.
The API needs a free key.
B25103_001E, B25103_001M, B25103_002E, B25103_002M, B25103_003E, B25103_003M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Income and affordability in Rich Valley Township
- Home values in Rich Valley Township
- Homeowner costs in Rich Valley Township
- Types of homes in Rich Valley Township
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- Age of homes in Rich Valley Township
- Heating fuel in Rich Valley Township
- Commute and cars in Rich Valley Township
- Minnesota landlord and tenant rules
- Housing across McLeod County
- Minnesota places ranked by property taxes
- Housing data for every place in Minnesota