Cologne, Carver County, Minnesota Property Taxes

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

Median Cologne, MN effective property tax rate: 0.98%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Cologne, MN home value: $381,950
Median annual Cologne, MN tax bill: $3,848, $1,448 higher than the national median property tax bill of $2,400.

How are property taxes in Carver County calculated?

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

Last Updated March 1, 2025

Cologne, Carver County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.98%

Estimate Property Tax Bill

$3,743

$3,474

Ownwell’s Cologne Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cologne with just two data points. By entering your property's estimated assessed value, our calculator applies Cologne’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 Cologne, Carver County, Minnesota

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Comparing Cologne’s effective property tax rate to other cities in Minnesota, it aligns closely with the state's median rate of 0.98%. This is slightly below the national median property tax rate of 1.02%. Although Cologne's rate is consistent with the state average, it is important to note that property tax bills can still vary based on assessed property values. Understanding the nuances of property tax rates in Cologne and how they compare to state and national figures can help homeowners make informed decisions.

Property Tax Rates Across Cologne, 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 Cologne Tax Rate

0.98%

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 Cologne, Carver County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55322	0.30%	0.81%	0.98%	1.31%	1.34%

Source: Ownwell

Property Tax Assessment Values Across Cologne, Carver County, Minnesota

When examining property taxes in Cologne, 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. Assessment notices: 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 Cologne. For example, the median home price in Cologne is $381,950, with tax bills ranging significantly across the county. 55322 has the highest median home price at $381,950.

Property Tax Assessment Values Across Cologne, Carver County, Minnesota

Source: Ownwell

$249,300

$432,500

$615,700

Median Cologne Market Value

$381,950

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 Cologne, Carver County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55322	$219,110	$285,400	$381,950	$521,025	$798,490

Source: Ownwell

Property Tax Bills Across Cologne, Carver County, Minnesota

In Cologne, located in Carver County, MN, property taxes are determined by assessing the property's market value and applying the local tax rate. This process considers factors such as property size, location, and any improvements made. The median property tax bill in this area is $3,848, which is significantly higher than the national median of $2,400. Homeowners in Cologne face a tax rate that can result in bills ranging from $2,946 to $5,887, depending on their property's assessed value.

High property taxes can be a burden, but Ownwell offers a solution. By providing property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax bills. Our team of experts reviews your property's assessed value and identifies opportunities for appeals, ensuring you only pay what is fair. With Ownwell's assistance, homeowners in Cologne can navigate the complexities of property taxes and keep more money in their pockets.

Property Tax Bills Across Cologne, Carver County, Minnesota

Source: Ownwell

$3,094

$4,772

$6,449

Median Cologne Tax Bill

$3,848

Median Carver County Tax Bill

$4,166

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Cologne, Carver County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55322	$1,838	$2,946	$3,848	$4,810	$5,887

Source: Ownwell