Dakota County, MN Property Tax Search
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In-depth Dakota County, MN Property Tax Information
Assess all the factors that determine a property's taxes with a detailed report like the sample below. Create a free account and review your selected property's tax rates, value assessments and more.
See detailed property tax information from the sample report for 1064 felix St, Dakota County, MN
Property Tax Calculation
In State of Minnesota counties or cities are responsible for property tax administration and the Department of Revenue only provides assistance and oversight. The process of calculating, imposing, and collecting Minnesota property taxes for a year actually spans two full calendar years. The two-year cycle begins with the January 2 statutory assessment date and extends all the way through the next calendar year until the property taxes have been paid.
Market Value
Market value is the amount for which a property would sell in a competitive and open market, presuming that both buyer and seller are knowledgeable about the sale, allow sufficient time for it, and are not affected by undue pressures (e.g. foreclosures and bankruptcy).
Assessed Value
Each property's share of taxes is determined according to its value, use, and the property tax levies. Assessors are responsible for estimating property values and setting classification for tax purposes. Assessment ratio is currently set to 100% throughout Dakota County.
Exemptions & Taxable Value
Taxable value represents the assessed value less any tax exemptions that apply. Dakota County provides several exemptions, homesteads and credits that may lower the property's tax bill.
This property does not benefit of any exemption, so the taxable values will be equal to the assessed values.
Property Tax
Property tax is calculated by multiplying the assessed value with the corresponding tax rates and class code rates applicable to it.
Final tax amount is calculated as the sum between the tax amount obtained by multiplying tax capacity value with the total tax capacity rate and assessed value multiplied by the market rate.
Actual taxes might differ from the figures displayed here due to various abatement and financial assistance programs or to non ad-valorem taxes levied as special taxes. For more information please visit the web pages of Dakota County's Assessment Process, Taxing District Information or look-up this property's current valuation and tax situation.
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Dakota County Stats for Property Taxes
Explore the charts below for quick facts on Dakota County effective tax rates, median real estate taxes paid, home values, income levels and homeownership rates, and compare them to state and nationwide trends.
Effective tax rate (%)
1.01% of Assessed Home Value
1.05% of Assessed Home Value
1.02% of Assessed Home Value
Median real estate taxes paid
$3,439
$3,000
$2,869
Median home value
$341,200
$286,800
$281,900
Median income
$101,360
$84,313
$75,149
Owner occupied housing (%)
75.9%
72.3%
64.8%
Renter occupied housing (%)
24.1%
27.7%
35.2%
Frequently Asked Questions on Property Taxes
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