Carver County, Minnesota Property Taxes

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

Median Carver County effective property tax rate: 1.09%, slightly higher than the national median of 1.02%.
Median Carver County home value: $399,500
Median annual Carver County tax bill: $4,166, $1,766 higher than the national median property tax bill of $2,400.

How are property taxes in Carver County calculated?

Property taxes in Carver County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Chanhassen or another part of Carver County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Carver County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.09%

Estimate Property Tax Bill

$4,355

$4,041

Ownwell’s Carver County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Carver County with just two data points. By entering your property's estimated assessed value, our calculator applies Carver County’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 more 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 Carver County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Carver County, Minnesota

Local government entities set tax rates, which can vary widely within a state. 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 Carver County's effective property tax rate to other counties in Minnesota or the U.S. median property tax rate.

Property Tax Rates Across Carver County, Minnesota

Source: Ownwell

0.58%

0.98%

1.39%

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 Carver County Tax Rate

1.09%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Carver County, Minnesota

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Belle Plaine	0.26%	0.40%	0.74%	0.80%	0.87%
Carver	0.44%	0.88%	1.13%	1.17%	1.20%
Chanhassen	0.94%	0.98%	1.02%	1.06%	1.11%
Chaska	0.94%	1.05%	1.11%	1.16%	1.24%
Cologne	0.30%	0.81%	0.98%	1.31%	1.34%
Delano	0.41%	0.70%	0.84%	0.86%	0.88%
Excelsior	0.99%	1.01%	1.05%	1.11%	1.19%
Green Isle	N/A	N/A	N/A	N/A	N/A
Hamburg	0.66%	0.90%	1.39%	1.49%	1.60%
Mayer	0.54%	0.90%	1.11%	1.17%	1.19%
Montrose	N/A	N/A	N/A	N/A	N/A
New Germany	0.38%	0.83%	0.98%	1.50%	1.60%
Norwood Young America	0.43%	0.89%	1.26%	1.34%	1.42%
Victoria	0.98%	1.03%	1.09%	1.15%	1.21%
Waconia	0.84%	1.09%	1.17%	1.22%	1.28%
Watertown	0.80%	1.04%	1.15%	1.20%	1.26%
Waverly	N/A	N/A	N/A	N/A	N/A
Winsted	0.30%	0.40%	0.58%	0.88%	0.91%
Young America	0.67%	0.95%	1.34%	1.40%	1.48%

Source: Ownwell

Property Tax Assessment Values Across Carver County, Minnesota

When examining property taxes in Carver County, 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 Carver 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 Carver 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 Carver County.

For example, the median tax bill in Carver County is $4,387, with tax bills ranging significantly across the county. Excelsior has the highest median home price at $615,700.

Property Tax Assessment Values Across Carver County, Minnesota

Source: Ownwell

$249,300

$432,500

$615,700

Median Carver County Market Value

$399,500

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Carver County, Minnesota

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Belle Plaine	$356,480	$417,250	$542,400	$823,100	$1,344,600
Carver	$225,000	$340,200	$427,200	$512,400	$619,560
Chanhassen	$238,800	$321,400	$438,950	$616,125	$817,340
Chaska	$125,500	$261,500	$357,000	$511,075	$658,300
Cologne	$219,110	$285,400	$381,950	$521,025	$798,490
Delano	$334,250	$413,450	$536,150	$775,575	$1,052,600
Excelsior	$364,680	$448,350	$615,700	$859,800	$1,280,280
Green Isle	N/A	N/A	N/A	N/A	N/A
Hamburg	$165,400	$204,850	$249,300	$367,150	$554,100
Mayer	$235,650	$284,600	$336,600	$412,475	$653,390
Montrose	N/A	N/A	N/A	N/A	N/A
New Germany	$185,600	$229,700	$321,800	$509,200	$786,700
Norwood Young America	$166,100	$216,400	$276,700	$407,900	$741,200
Victoria	$314,900	$396,500	$532,300	$644,100	$741,900
Waconia	$230,640	$304,200	$397,700	$503,100	$685,280
Watertown	$55,100	$239,125	$304,150	$395,100	$553,280
Waverly	N/A	N/A	N/A	N/A	N/A
Winsted	$293,160	$414,050	$494,500	$769,150	$1,010,140
Young America	$206,560	$239,100	$287,200	$391,400	$592,480

Source: Ownwell

Property Tax Bills Across Carver County, Minnesota

In Carver County, MN, property tax bills are calculated by applying the local tax rate to the assessed value of a property. The assessed value is determined by the county assessor and is intended to reflect the property's market value. Factors such as property location, size, and improvements can influence this assessment. Homeowners in Carver County face a median property tax bill of $3,006 at the 25th percentile, while those at the 75th percentile pay around $5,768. This range highlights the variation in tax obligations depending on the property's assessed value and location. For instance, homeowners in Excelsior experience the highest median tax bill at $6,449, whereas those in Winsted see the lowest at $3,094. These figures are above the national median property tax bill of $2,400, indicating a relatively higher tax burden for Carver County residents. Understanding these dynamics is crucial for homeowners as property taxes significantly impact annual homeownership costs, potentially influencing decisions about buying, selling, or renovating properties.

Property Tax Bills Across Carver County, Minnesota

Source: Ownwell

$3,094

$4,772

$6,449

Median Carver County Tax Bill

$4,166

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Carver County, Minnesota

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Belle Plaine	$1,997	$2,880	$3,545	$4,422	$6,866
Carver	$1,217	$3,316	$4,588	$5,498	$6,462
Chanhassen	$2,202	$3,114	$4,498	$6,420	$8,784
Chaska	$635	$2,758	$3,792	$5,447	$7,174
Cologne	$1,838	$2,946	$3,848	$4,810	$5,887
Delano	$2,125	$2,856	$4,118	$5,960	$8,728
Excelsior	$3,716	$4,630	$6,449	$9,356	$14,550
Green Isle	N/A	N/A	N/A	N/A	N/A
Hamburg	$1,945	$2,713	$3,340	$4,033	$4,513
Mayer	$2,048	$2,938	$3,582	$4,254	$4,902
Montrose	N/A	N/A	N/A	N/A	N/A
New Germany	$2,024	$2,685	$3,440	$4,420	$5,289
Norwood Young America	$1,672	$2,550	$3,266	$4,032	$5,075
Victoria	$3,043	$4,210	$5,722	$7,047	$8,636
Waconia	$2,282	$3,272	$4,370	$5,718	$7,377
Watertown	$596	$2,528	$3,324	$4,226	$5,134
Waverly	N/A	N/A	N/A	N/A	N/A
Winsted	$1,776	$2,221	$3,094	$3,954	$5,542
Young America	$2,446	$3,000	$3,668	$4,385	$5,576

Source: Ownwell