Carver County Property Taxes
The median property tax rate in Carver County is 1.09%, which is slightly higher than the national median of 0.99% but lower than the Minnesota state median of 1.11%. With the median home value in Carver County at $399,500, the typical annual property tax bill reaches $4,166, surpassing the national median of $2,690. Property taxes in Carver County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Carver County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Chaska or another part of Carver County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Carver County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$4,355
Ownwell’s Carver County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Carver County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Carver County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Carver County, Minnesota
Property taxes in Carver County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Carver County is 1.09%, which is higher than the U.S. national median of 0.99%. Local government entities within Carver County set these rates annually, and they can vary significantly between different areas within the county. Each year, Carver County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Carver County's effective property tax rate with other counties in Minnesota and the national median. For comparison, the city of Hamburg has one of the higher property tax rates in Minnesota at 1.39%, while the city of Winsted boasts one of the lowest at 0.58%. Analyzing how Carver County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Carver County Tax Rate
1.09%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
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 | 0.37% | 0.40% | 0.67% | 0.85% | 0.92% |
| Hamburg | 0.66% | 0.90% | 1.39% | 1.49% | 1.60% |
| Mayer | 0.54% | 0.90% | 1.11% | 1.17% | 1.19% |
| Montrose | 0.66% | 0.90% | 0.90% | 0.91% | 0.91% |
| 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 | 0.85% | 0.85% | 0.87% | 0.88% | 0.88% |
| 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
In Carver County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Carver County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Carver County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Carver County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Carver County, the highest median tax bill is in Excelsior at $6,449, while the lowest is in Green Isle at $2,866.
Property Tax Assessment Values Across Carver County, Minnesota
Source: Ownwell
$11,000
$313,350
$615,700
Average Carver County Assessed Value
$399,500
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
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 | $144,100 | $214,675 | $413,800 | $894,275 | $1,219,430 |
| Hamburg | $165,400 | $204,850 | $249,300 | $367,150 | $554,100 |
| Mayer | $235,650 | $284,600 | $336,600 | $412,475 | $653,390 |
| Montrose | $368,950 | $384,250 | $403,800 | $471,575 | $500,250 |
| 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 | $356,350 | $373,825 | $402,950 | $432,075 | $449,550 |
| 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 based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's market value, location, and any improvements or modifications made to the home. Homeowners in Carver County can expect a wide range of tax bills. For instance, the tax bill at the 25th percentile is approximately $3,006, while those at the 75th percentile see bills around $5,768. The highest median tax bill in the county is in Excelsior, at $6,449, whereas Green Isle has the lowest median tax bill at $2,866. Compared to the national median property tax rate of 0.99%, Carver County's tax rates can have a significant impact on homeowners, making it essential for them to understand how their tax bills are calculated and what factors may affect their annual payments.
Average Carver County Tax Bill
$4,166
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
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 | $1,178 | $1,782 | $2,866 | $3,322 | $4,595 |
| Hamburg | $1,945 | $2,713 | $3,340 | $4,033 | $4,513 |
| Mayer | $2,048 | $2,938 | $3,582 | $4,254 | $4,902 |
| Montrose | $2,408 | $3,246 | $3,612 | $4,286 | $4,541 |
| 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 | $3,145 | $3,268 | $3,475 | $3,682 | $3,805 |
| 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