Waconia, Carver County, Minnesota Property Taxes

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

Median Waconia, MN effective property tax rate: 1.17%, significantly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Waconia, MN home value: $397,700
Median annual Waconia, MN tax bill: $4,370, $1,970 higher than the national median property tax bill of $2,400.

How are property taxes in Carver County calculated?

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

Last Updated March 1, 2025

Waconia, Carver County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.17%

Estimate Property Tax Bill

$4,653

$4,318

Ownwell’s Waconia Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Waconia with just two data points.

By entering your property's estimated assessed value, our calculator applies Waconia’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 Waconia, Carver County, Minnesota

Local government entities set property tax rates, which can differ significantly across a state. The process involves each county estimating its necessary budget to fund services and dividing this by the total assessed value of all taxable property in its area. This calculation determines the property tax rate. While the setting of tax rates and budgets involves votes and legislation, this is essentially the yearly procedure. In Waconia, located in Carver County, Minnesota, the effective property tax rate stands at 1.17%, which is above the national median property tax rate of 1.02%. This suggests that property owners in Waconia may face higher property tax bills compared to the national median. However, this rate is consistent across Carver County, indicating a uniform approach to property taxation within the region. Understanding these rates can help homeowners in Waconia better anticipate their annual property tax obligations and consider potential savings through property tax appeals or exemptions.

Property Tax Rates Across Waconia, 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 Waconia Tax Rate

1.17%

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 Waconia, Carver County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55387	0.84%	1.09%	1.17%	1.22%	1.28%

Source: Ownwell

Property Tax Assessment Values Across Waconia, Carver County, Minnesota

When examining property taxes in Waconia, 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 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 Waconia.

For example, the median home price in Waconia is $397,700, with tax bills ranging significantly across the county. 55387 has the highest median home price at $397,700.

Property Tax Assessment Values Across Waconia, Carver County, Minnesota

Source: Ownwell

$249,300

$432,500

$615,700

Median Waconia Market Value

$397,700

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 Waconia, Carver County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55387	$230,640	$304,200	$397,700	$503,100	$685,280

Source: Ownwell

Property Tax Bills Across Waconia, Carver County, Minnesota

In Waconia, located in Carver County, MN, property tax bills are determined by the assessed value of a home and the local tax rate. The assessed value is a percentage of the home's market value, which is then multiplied by the local tax rate to calculate the tax bill. With a median home price of $397,700, homeowners in Waconia face property tax bills that can range significantly. The 25th percentile tax bill is $3,272, while the 75th percentile reaches $5,718, and the 90th percentile climbs to $7,377. These figures highlight the impact of property taxes on homeowners, with many paying above the national median tax bill of $2,400.

Ownwell can assist homeowners in Waconia by appealing their property assessments, potentially lowering their tax bills. By leveraging expertise and understanding of local tax codes, Ownwell helps ensure homeowners are not overpaying. This service can provide significant savings, reducing the financial burden of property taxes and allowing homeowners to retain more of their hard-earned money.

Property Tax Bills Across Waconia, Carver County, Minnesota

Source: Ownwell

$3,094

$4,772

$6,449

Median Waconia Tax Bill

$4,370

Median Carver County Tax Bill

$4,166

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Waconia, Carver County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55387	$2,282	$3,272	$4,370	$5,718	$7,377

Source: Ownwell