Dakota County Property Taxes
The median property tax rate in Dakota County is 1.06%, which is higher than the national median of 0.99% but slightly lower than the Minnesota state median of 1.11%. With a median home value of $344,300 in Dakota County, the typical annual property tax bill amounts to $3,728, surpassing the national median of $2,690. Property taxes in Dakota County are calculated based on the assessed value, which often falls below the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Dakota County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to significant annual savings. Whether you reside in Dakota County or another part of Minnesota, gaining comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dakota County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$3,650
Ownwell’s Dakota County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Dakota County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Dakota 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 Dakota County, Minnesota
Property taxes in Dakota County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Dakota County is 1.06%, which is higher than the U.S. national median of 0.99%. Local government entities within Dakota County set these rates annually, and they can vary significantly between different areas within the county. Each year, Dakota 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 Dakota County's effective property tax rate with other areas in Minnesota and the national median. For comparison, the city of South Saint Paul has one of the higher property tax rates in Minnesota at 1.40%, while the city of Cannon Falls boasts one of the lowest at 0.59%. Analyzing how Dakota County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Dakota County Tax Rate
1.06%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dakota County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Apple Valley | 0.99% | 1.00% | 1.02% | 1.06% | 1.07% |
| Burnsville | 1.00% | 1.05% | 1.07% | 1.12% | 1.19% |
| Cannon Falls | 0.52% | 0.57% | 0.59% | 0.69% | 0.74% |
| Eagan | 0.86% | 1.00% | 1.02% | 1.03% | 1.21% |
| Elko New Market | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% |
| Farmington | 0.98% | 1.08% | 1.18% | 1.21% | 1.23% |
| Hampton | 0.47% | 0.62% | 0.74% | 0.88% | 0.99% |
| Hastings | 0.69% | 0.96% | 1.09% | 1.12% | 1.15% |
| Inver Grove Heights | 0.93% | 0.98% | 1.02% | 1.10% | 1.25% |
| Lakeville | 1.00% | 1.06% | 1.08% | 1.12% | 1.19% |
| Mendota | 0.72% | 0.74% | 0.76% | 0.84% | 0.92% |
| Mendota Heights | N/A | N/A | N/A | N/A | N/A |
| New Trier | 1.12% | 1.16% | 1.21% | 1.27% | 1.30% |
| Northfield | 0.64% | 0.90% | 1.00% | 1.40% | 1.42% |
| Randolph | 0.42% | 0.59% | 0.64% | 0.75% | 0.77% |
| Rosemount | 0.97% | 0.99% | 1.02% | 1.04% | 1.07% |
| Saint Paul | 0.88% | 0.98% | 1.03% | 1.06% | 1.15% |
| South Saint Paul | 1.36% | 1.38% | 1.40% | 1.44% | 1.64% |
| Sunfish Lake | 0.81% | 0.83% | 0.86% | 0.93% | 0.95% |
| Vermillion | 0.84% | 0.85% | 0.86% | 0.87% | 0.88% |
| Webster | 0.56% | 0.71% | 0.95% | 0.95% | 0.96% |
| Welch | 0.68% | 0.69% | 0.69% | 0.70% | 0.80% |
| West Saint Paul | 1.16% | 1.19% | 1.22% | 1.48% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Dakota County, Minnesota
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Dakota County. 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 Dakota 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 Dakota 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. Dakota County features a wide range of property tax bills, with Sunfish Lake having the highest median tax bill at $11,190, while Eagan has the lowest at $142. Being aware of these valuation processes in Dakota County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Dakota County, Minnesota
Source: Ownwell
$1,400
$680,200
$1,359,000
Average Dakota County Assessed Value
$344,300
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dakota County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Apple Valley | $200,570 | $203,400 | $207,900 | $258,400 | $268,800 |
| Burnsville | $135,200 | $239,325 | $330,800 | $391,500 | $464,400 |
| Cannon Falls | $5,520 | $75,000 | $412,000 | $542,650 | $737,650 |
| Eagan | $1,180 | $6,700 | $14,250 | $205,100 | $374,890 |
| Elko New Market | $807,400 | $807,400 | $807,400 | $807,400 | $807,400 |
| Farmington | $168,000 | $252,600 | $342,500 | $427,350 | $492,700 |
| Hampton | $59,760 | $275,400 | $374,200 | $500,000 | $678,180 |
| Hastings | $121,220 | $237,500 | $308,900 | $401,300 | $503,160 |
| Inver Grove Heights | $62,800 | $223,600 | $307,300 | $448,200 | $597,200 |
| Lakeville | $174,460 | $331,600 | $436,200 | $539,700 | $634,280 |
| Mendota | $35,140 | $133,800 | $253,800 | $397,900 | $1,002,400 |
| Mendota Heights | N/A | N/A | N/A | N/A | N/A |
| New Trier | $100,280 | $152,450 | $239,400 | $326,350 | $378,520 |
| Northfield | $135,060 | $263,225 | $385,050 | $489,625 | $648,710 |
| Randolph | $48,830 | $230,100 | $358,450 | $490,600 | $666,400 |
| Rosemount | $211,460 | $280,700 | $350,000 | $452,500 | $544,600 |
| Saint Paul | $195,100 | $258,200 | $352,200 | $461,000 | $587,000 |
| South Saint Paul | $191,730 | $232,300 | $264,900 | $306,100 | $356,200 |
| Sunfish Lake | $31,100 | $554,800 | $1,310,800 | $1,555,300 | $2,147,900 |
| Vermillion | $236,980 | $260,900 | $298,900 | $337,300 | $399,520 |
| Webster | $704,900 | $733,550 | $781,300 | $795,150 | $803,460 |
| Welch | $74,320 | $318,500 | $425,100 | $501,325 | $580,470 |
| West Saint Paul | $1,710 | $4,350 | $17,200 | $35,000 | $61,680 |
Source: Ownwell
Property Tax Bills Across Dakota County, Minnesota
In Dakota County, MN, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This value is then multiplied by the local tax rate to determine the annual tax bill. Factors influencing the tax bill include the property's market value, any exemptions or abatements for which the homeowner qualifies, and the specific tax rate set by local taxing authorities. Homeowners in Dakota County experience a wide range of property tax bills, with the 25th percentile at $2,742 and the 75th percentile at $4,844. The 90th percentile sees bills as high as $6,126. The highest median tax bill in the county is $11,190 in Sunfish Lake, while Eagan has the lowest median tax bill at $142. These variations significantly impact homeowners, influencing decisions on property purchases and financial planning. Compared to the national median property tax rate of 0.99%, Dakota County's property tax landscape presents a diverse financial scenario for its residents.
Average Dakota County Tax Bill
$3,728
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Dakota County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Apple Valley | $2,006 | $2,058 | $2,212 | $2,644 | $2,801 |
| Burnsville | $1,942 | $2,670 | $3,626 | $4,346 | $5,245 |
| Cannon Falls | $38 | $512 | $2,504 | $3,264 | $4,186 |
| Eagan | $11 | $68 | $142 | $1,860 | $3,836 |
| Elko New Market | $8,152 | $8,152 | $8,152 | $8,152 | $8,152 |
| Farmington | $2,321 | $2,948 | $4,038 | $4,942 | $5,688 |
| Hampton | $410 | $2,153 | $2,796 | $3,419 | $4,392 |
| Hastings | $1,552 | $2,488 | $3,170 | $4,014 | $4,979 |
| Inver Grove Heights | $1,370 | $2,378 | $3,302 | $4,980 | $7,177 |
| Lakeville | $2,524 | $3,674 | $4,788 | $5,912 | $7,082 |
| Mendota | $232 | $945 | $1,910 | $3,006 | $8,046 |
| Mendota Heights | N/A | N/A | N/A | N/A | N/A |
| New Trier | $1,235 | $1,788 | $2,710 | $3,632 | $4,185 |
| Northfield | $1,178 | $2,796 | $3,920 | $5,388 | $6,562 |
| Randolph | $369 | $1,616 | $2,294 | $3,060 | $3,684 |
| Rosemount | $2,131 | $2,822 | $3,610 | $4,654 | $5,667 |
| Saint Paul | $1,908 | $2,672 | $3,646 | $4,770 | $6,124 |
| South Saint Paul | $2,598 | $3,246 | $3,772 | $4,452 | $5,328 |
| Sunfish Lake | $274 | $5,058 | $11,190 | $14,072 | $18,126 |
| Vermillion | $1,945 | $2,218 | $2,560 | $2,926 | $3,532 |
| Webster | $4,323 | $5,137 | $6,494 | $6,995 | $7,296 |
| Welch | $512 | $1,934 | $2,809 | $3,398 | $4,005 |
| West Saint Paul | $19 | $52 | $200 | $396 | $892 |
Source: Ownwell