Victoria, Carver County, Minnesota Property Taxes
Median Victoria, MN effective property tax rate: 1.09%, slightly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Victoria, MN home value: $532,300
Median annual Victoria, MN tax bill: $5,722, $3,322 higher than the national median property tax bill of $2,400.
How are property taxes in Carver County calculated?
Property taxes in Victoria, 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 Victoria’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Victoria, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Victoria, Carver County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.09%
Estimate Property Tax Bill
$5,802
$5,384
Property Tax Rates Across Victoria, Carver County, Minnesota
Local government entities are responsible for setting tax rates, and these can vary significantly within a state. Each county estimates its necessary budget for services annually 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 the essence of the annual process.
In Victoria, Carver County, Minnesota, the effective property tax rate is a key point of comparison. The median property tax rate in Minnesota is 1.09%, which is slightly above the national median of 1.02%. This places Minnesota among the states with higher property tax rates. The consistency in Victoria and the broader region means residents can anticipate similar rates across the board, which could be advantageous for long-term financial planning. Comparing these rates to the national median provides valuable insight into how local property taxes align with broader trends. Understanding these differences can help property owners make informed decisions about their investments and financial strategies.
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 Victoria Tax Rate
1.09%
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 County Tax Rate
1.09%
Median Effective Minnesota Tax Rate
1.11%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Victoria, Carver County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55386 | 0.98% | 1.03% | 1.09% | 1.15% | 1.21% |
| 55318 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Victoria, Carver County, Minnesota
When examining property taxes in Victoria, 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 Assessor's 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.
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 Victoria.
For example, the median home price in Victoria is $532,300, with tax bills ranging significantly across the county. Zip code 55386 has the highest median home price at $531,900.
Property Tax Assessment Values Across Victoria, Carver County, Minnesota
Source: Ownwell
$249,300
$432,500
$615,700
Median Victoria Market Value
$532,300
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 Victoria, Carver County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55386 | $315,350 | $396,350 | $531,900 | $644,150 | $741,800 |
| 55318 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Victoria, Carver County, Minnesota
In Victoria, Minnesota, property tax bills are determined by the assessed value of a home and the local tax rate set by Carver County. The median home price in Victoria is $532,300, which influences the tax bill. Property taxes in Victoria can vary significantly, with the 25th percentile tax bill at $4,210 and the 75th percentile reaching $7,047. At the 90th percentile, homeowners may see tax bills as high as $8,636. These figures are notably higher than the national median property tax bill of $2,400, reflecting the region's higher property values and tax rates.
Homeowners in Victoria can benefit from Ownwell's expertise in property tax appeal and exemption services. By analyzing the assessed value of your home and comparing it to similar properties, Ownwell identifies opportunities for potential savings. Our team works diligently to ensure you are not overpaying on your property taxes, helping you secure refunds or reductions where applicable. This personalized approach can lead to significant savings on your annual property tax bill.
Median Victoria Tax Bill
$5,722
Median Carver County Tax Bill
$4,166
Median Minnesota Tax Bill
$3,182
Median United States Tax Bill
$2,400
Property Tax Bills Across Victoria, Carver County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55386 | $3,057 | $4,220 | $5,728 | $7,052 | $8,640 |
| 55318 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell