Rosemount, Dakota County, Minnesota Property Taxes
Median Rosemount, MN effective property tax rate: 1.02%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Rosemount, MN home value: $350,000
Median annual Rosemount, MN tax bill: $3,610, $1,210 higher than the national median property tax bill of $2,400.
How are property taxes in Dakota County calculated?
Property taxes in Rosemount, 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 Rosemount’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Rosemount, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Rosemount, Dakota County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.02%
Estimate Property Tax Bill
$3,570
$3,313
Ownwell’s Rosemount Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Rosemount with just two data points.
By entering your property's estimated assessed value, our calculator applies Rosemount’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 Dakota County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Rosemount, Dakota County, Minnesota
Local government entities set property tax rates, which can vary significantly within a state. Each county, including Dakota County, estimates its required budget annually to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.
In Rosemount, located in Dakota County, the effective property tax rate is a reflection of this process. When comparing Rosemount's property tax rate to other cities in Minnesota, it aligns with the state's median tax rate of 1.02%, which is also the national median. This parity indicates that property owners in Rosemount experience a tax rate similar to the average American homeowner. Understanding these rates can help property owners anticipate their tax responsibilities and seek potential savings through appeals or exemptions.
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 Rosemount Tax Rate
1.02%
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 Dakota County Tax Rate
1.06%
Median Effective Minnesota Tax Rate
1.11%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Rosemount, Dakota County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55068 | 0.97% | 0.99% | 1.02% | 1.04% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Rosemount, Dakota County, Minnesota
When examining property taxes in Rosemount, 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 Dakota County Assessment 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 Dakota 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 Rosemount. For example, the median home price in Rosemount is $350,000, with tax bills ranging significantly across the county. Zip code 55068 has the highest median home price at $350,000.
Property Tax Assessment Values Across Rosemount, Dakota County, Minnesota
Source: Ownwell
$9,600
$684,300
$1,359,000
Median Rosemount Market Value
$350,000
Median Dakota County Market Value
$344,300
Median Minnesota Market Value
$290,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Rosemount, Dakota County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55068 | $211,460 | $280,700 | $350,000 | $452,500 | $544,600 |
Source: Ownwell
Property Tax Bills Across Rosemount, Dakota County, Minnesota
In Rosemount, located in Dakota County, MN, property tax bills are calculated based on the assessed value of a home. The tax rate is applied to this assessed value, which determines the total tax bill for homeowners. Factors influencing the assessed value include market conditions and property characteristics. In Rosemount, the median property tax bill is $3,610, which is significantly higher than the national median of $2,400. This high tax bill can be a financial burden for homeowners, especially when compared to the national median property tax rate of 1.02%.
Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell helps ensure that homeowners are not overpaying on their property taxes. With expertise in navigating the complexities of property tax systems, Ownwell can help reduce tax bills, saving homeowners money. This service is particularly beneficial in areas like Rosemount, where property tax bills can be substantially higher than the national average.
Median Rosemount Tax Bill
$3,610
Median Dakota County Tax Bill
$3,728
Median Minnesota Tax Bill
$3,182
Median United States Tax Bill
$2,400
Property Tax Bills Across Rosemount, Dakota County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55068 | $2,131 | $2,822 | $3,610 | $4,654 | $5,667 |
Source: Ownwell