Farmington, Dakota County, Minnesota Property Taxes
Property Taxes in Farmington, Minnesota
Median Farmington, Minnesota effective property tax rate: 1.19%, significantly higher than the national median of 1.02%, and higher than the Minnesota state median of 1.13%.
Median Farmington, Minnesota home value: $354,600
Median annual Farmington, Minnesota tax bill: $4,112, higher than the national median property tax bill of $2,400.
How are property taxes in Dakota calculated?
Property taxes in Farmington, Minnesota 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 Farmington's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Farmington, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Farmington, Dakota County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.19%
Estimate Property Tax Bill
$4,220
$3,916
How Does the Farmington Property Tax Calculator Work?
Use this Farmington property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Farmington's median effective tax rate of 1.19% — based on actual property records in Dakota County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Farmington's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Farmington: rates range from 1.19% in 55024 to 1.19% in 55024, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Farmington.
About Farmington Property Taxes
About Property Taxes in Farmington, Dakota, Minnesota
Farmington's median effective property tax rate of 1.19% is higher than the Minnesota state median of 1.13% and higher than the national median of 1.02%. This rate reflects the Dakota County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Farmington. Homeowners in the 55024 ZIP code carry a median effective rate of 1.19%, while those in the same ZIP code also pay 1.19%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Dakota County. Understanding which part of Farmington you live in can make a meaningful difference to your annual tax bill.
Farmington homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the April 30, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Farmington, Dakota County, Minnesota
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, 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.
Below, you can compare Farmington's effective property tax rate to other cities in Minnesota and the median property tax rates in Minnesota and the U.S.
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 Farmington Tax Rate
1.19%
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
1.09%
Median Effective Minnesota Tax Rate
1.13%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Farmington, Dakota County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55024 | 0.94% | 1.06% | 1.19% | 1.22% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Farmington, Dakota County, Minnesota
When examining property taxes in Farmington, Minnesota, 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 process 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 Dakota County, assessment notices are sent in March each year.
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. For Farmington, the median home price is $354,600, and the median property tax bill is $4,112, compared with the national median property tax rate of 1.02% and the national median property tax bill of $2,400. The highest median home price in the area is $354,600 in 55024.
Property Tax Assessment Values Across Farmington, Dakota County, Minnesota
Source: Ownwell
$252,900
$839,300
$1,425,700
Median Farmington Market Value
$354,600
Median Dakota County Market Value
$356,900
Median Minnesota Market Value
$304,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Farmington, Dakota County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55024 | $198,300 | $262,100 | $354,600 | $442,900 | $512,900 |
Source: Ownwell
Property Tax Bills Across Farmington, Dakota County, Minnesota
Property tax bills in Farmington are calculated from the assessed value of a home and the local tax rate set by taxing authorities in Dakota County. The assessed value is based on the market value of the property, and that value is then multiplied by the applicable tax rate to determine the bill. For homeowners, this means a higher market value can lead to a larger tax bill, even if the home has not changed much physically.
In Farmington, the median home price is $354,600, and the median property tax bill is $4,112, which is above the national median property tax bill of $2,400. Bills can vary widely, with the 25th percentile at $2,958 and the 75th percentile at $5,106. At the 90th percentile, the tax bill reaches $5,906. These differences show how property taxes can affect homeowners unevenly, depending on home value and local assessment.
Median Farmington Tax Bill
$4,112
Median Dakota County Tax Bill
$3,930
Median Minnesota Tax Bill
$3,364
Median United States Tax Bill
$2,400
Property Tax Bills Across Farmington, Dakota County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55024 | $2,218 | $2,958 | $4,112 | $5,106 | $5,906 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 30 |
Links | |
|---|---|
| Dakota Tax Assessor | |
| Website | gis.co.dakota.mn.us |