Carver, Carver County, Minnesota Property Taxes

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

Median Carver, MN effective property tax rate: 1.13%, significantly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Carver, MN home value: $427,200
Median annual Carver, MN tax bill: $4,588, $2,188 higher than the national median property tax bill of $2,400.

How are property taxes in Carver calculated?

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

Last Updated March 1, 2025

Carver, Carver County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.13%

Estimate Property Tax Bill

$4,827

$4,480

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

Property Tax Rates Across Carver, Carver County, Minnesota

Local government entities set tax rates, which can vary widely within a state. This variation is due to the fact that each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

In Carver, the effective property tax rate stands at 1.13%, which is above the national median of 1.02%. This means that homeowners in Carver pay a higher percentage of their property's assessed value in taxes compared to the national average. However, it's important to note that within Minnesota, Carver's rate is consistent across its areas, indicating a uniform approach to property taxation in this region.

When comparing Carver’s rate to other cities in Minnesota, it aligns with the state median, reflecting a balance between local service funding and taxpayer burden. For homeowners in Carver, understanding these rates can provide insight into how property taxes are calculated and how they contribute to local services.

Property Tax Rates Across Carver, 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 Tax Rate

1.13%

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, Carver County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55315	0.44%	0.88%	1.13%	1.17%	1.20%

Source: Ownwell

Property Tax Assessment Values Across Carver, Carver County, Minnesota

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

For example, the median home price in Carver is $427,200, with tax bills ranging significantly across the county. Zip code 55315 has the highest median home price at $427,200.

Property Tax Assessment Values Across Carver, Carver County, Minnesota

Source: Ownwell

$249,300

$432,500

$615,700

Median Carver Market Value

$427,200

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, Carver County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55315	$225,000	$340,200	$427,200	$512,400	$619,560

Source: Ownwell

Property Tax Bills Across Carver, Carver County, Minnesota

In Carver, Minnesota, property tax bills are determined by applying the local tax rate to the assessed value of a home. The median home price in Carver is $427,200, which influences the property tax bill homeowners receive. The tax bill at the 25th percentile is $3,316, while it increases to $5,498 at the 75th percentile and $6,462 at the 90th percentile. Notably, the median tax bill in the area is $4,588, which is significantly higher than the national median property tax bill of $2,400. This disparity highlights the substantial tax burden faced by homeowners in Carver. Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By accurately assessing property values and identifying potential errors or opportunities for exemptions, Ownwell helps homeowners reduce their tax bills. This can lead to significant savings, making homeownership more affordable and less financially burdensome in Carver.

Property Tax Bills Across Carver, Carver County, Minnesota

Source: Ownwell

$3,094

$4,772

$6,449

Median Carver Tax Bill

$4,588

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, Carver County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55315	$1,217	$3,316	$4,588	$5,498	$6,462

Source: Ownwell