Northfield, Dakota County, Minnesota Property Taxes
Median Northfield, MN effective property tax rate: 1.00%, slightly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Northfield, MN home value: $385,050
Median annual Northfield, MN tax bill: $3,920, $1,520 higher than the national median property tax bill of $2,400.
How are property taxes in Dakota County calculated?
Property taxes in Northfield, 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 Northfield’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Northfield, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Northfield, Dakota County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1%
Estimate Property Tax Bill
$3,851
$3,573
Property Tax Rates Across Northfield, Dakota County, Minnesota
Local government entities set tax rates, which can vary widely within a state. This variation arises because each county annually estimates its required budget to provide services 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 essentially the annual process.
In Northfield, located in Dakota County, Minnesota, the effective property tax rate stands at 1.00%. This rate aligns with the county's highest and lowest median tax rates, both recorded at 1.00% in the 55057 zip code. When compared to the national median property tax rate of 1.02%, Northfield's rate is slightly below average, offering some relief to property owners. The national median property tax bill is around $2400, and Northfield's property tax environment may provide an opportunity for savings. Understanding these rates can help homeowners make informed decisions about property investments and tax appeals.
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 Northfield Tax Rate
1.00%
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
1.06%
Median Effective Minnesota Tax Rate
1.11%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Northfield, Dakota County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55057 | 0.64% | 0.90% | 1.00% | 1.40% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Northfield, Dakota County, Minnesota
When examining property taxes in Northfield, 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 Northfield.
For example, the median home price in Northfield is $385,050, with tax bills ranging significantly across the county. Zip code 55057 has the highest median home price at $385,050.
Property Tax Assessment Values Across Northfield, Dakota County, Minnesota
Source: Ownwell
$9,600
$684,300
$1,359,000
Median Northfield Market Value
$385,050
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 Northfield, Dakota County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55057 | $135,060 | $263,225 | $385,050 | $489,625 | $648,710 |
Source: Ownwell
Property Tax Bills Across Northfield, Dakota County, Minnesota
In Northfield, located in Dakota County, MN, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. This valuation considers factors such as the property's size, location, and market conditions. The local tax rate is then applied to this assessed value to determine the annual tax bill. With Northfield's median tax bill at $3,920, it surpasses the national median of $2,400, reflecting the area's higher property values.
Homeowners in Northfield may find their tax bills influenced by the market trends and local government budget needs. High property taxes can significantly impact homeowners' finances, making it essential to ensure that assessments are fair and accurate. This is where Ownwell can assist. By providing expert property tax appeal and exemption services, Ownwell helps homeowners navigate the complexities of tax assessments, potentially lowering their tax obligations. With Ownwell's guidance, residents can achieve savings, ensuring they only pay their fair share in property taxes.
Median Northfield Tax Bill
$3,920
Median Dakota County Tax Bill
$3,728
Median Minnesota Tax Bill
$3,182
Median United States Tax Bill
$2,400
Property Tax Bills Across Northfield, Dakota County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55057 | $1,178 | $2,796 | $3,920 | $5,388 | $6,562 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| Dakota Tax Assessor | |
| Website | gis.co.dakota.mn.us |