Inver Grove Heights, Dakota County, Minnesota Property Taxes

Name: Property Tax Bills Across Inver Grove Heights, Dakota County, Minnesota
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Inver Grove Heights, MN effective property tax rate: 1.02%, matching the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Inver Grove Heights, MN home value: $307,300
Median annual Inver Grove Heights, MN tax bill: $3,302, $902 higher than the national median property tax bill of $2,400.

How are property taxes in Dakota calculated?

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

Last Updated March 1, 2025

Inver Grove Heights, Dakota County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.02%

Estimate Property Tax Bill

$3,134

$2,909

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

By entering your property's estimated assessed value, our calculator applies Inver Grove Heights’ median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Dakota 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 Dakota County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Inver Grove Heights, Dakota County, Minnesota

Local government entities are responsible for setting property tax rates, which can vary significantly across Minnesota. Each year, counties like Dakota estimate their necessary budget to fund services and divide this by the total value of all taxable properties within their jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the core process.

In Inver Grove Heights, located in Dakota County, the effective property tax rate can be compared to other cities across Minnesota, as well as to state and national medians. The city’s tax rate is competitive within the state, where the median rate aligns with the national median of 1.02%. However, variations exist even within the city, with some areas experiencing rates as high as 1.18% and others as low as 1.00%. These differences illustrate how property tax rates can fluctuate not only between states and counties but also within local communities. Understanding these variations can help property owners make informed decisions about their investments and potential savings through tax appeals or exemptions.

Property Tax Rates Across Inver Grove Heights, Dakota County, Minnesota

Source: Ownwell

0.59%

1.00%

1.40%

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 Inver Grove Heights Tax Rate

1.02%

Median Effective Dakota County Tax Rate

1.06%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Inver Grove Heights, Dakota County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55076	0.93%	0.98%	1.00%	1.03%	1.07%
55077	0.93%	1.03%	1.18%	1.24%	1.33%

Source: Ownwell

Property Tax Assessment Values Across Inver Grove Heights, Dakota County, Minnesota

When examining property taxes in Inver Grove Heights, 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 Dakota 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.

In Dakota 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 Inver Grove Heights. For example, the median home price in Inver Grove Heights is $307,300, with tax bills ranging significantly across the county. Zip code 55077 has the highest median home price at $446,800.

Property Tax Assessment Values Across Inver Grove Heights, Dakota County, Minnesota

Source: Ownwell

$9,600

$684,300

$1,359,000

Median Inver Grove Heights Market Value

$307,300

Median Dakota County Market Value

$344,300

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Inver Grove Heights, Dakota County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55076	$77,400	$225,900	$283,800	$368,700	$462,000
55077	$35,300	$197,700	$446,800	$591,950	$737,280

Source: Ownwell

Property Tax Bills Across Inver Grove Heights, Dakota County, Minnesota

Inver Grove Heights in Dakota County, MN, calculates property tax bills based on the assessed value of a property, which is determined by local assessors. This assessed value reflects the home's market value, and tax rates are applied to this figure. Homeowners in Inver Grove Heights face a median property tax bill of $3,948, which is higher than the national median of $2,400. Tax bills can vary significantly, ranging from $2,378 at the 25th percentile to $7,177 at the 90th percentile. Factors such as property location, size, and improvements can influence these assessments. Homeowners in the 55077 zip code experience the highest median tax bill at $5,352, while those in the 55076 zip code see a lower median of $2,916. Ownwell offers valuable assistance to homeowners by identifying potential savings through property tax appeals and exemptions. By leveraging their expertise, homeowners can potentially reduce their tax burden, ensuring they pay a fair amount based on an accurate assessment of their property.

Property Tax Bills Across Inver Grove Heights, Dakota County, Minnesota

Source: Ownwell

$98

$5,848

$11,598

Median Inver Grove Heights Tax Bill

$3,302

Median Dakota County Tax Bill

$3,728

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Inver Grove Heights, Dakota County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55076	$1,434	$2,302	$2,916	$3,906	$4,950
55077	$1,036	$3,026	$5,352	$7,280	$9,221

Source: Ownwell