Welch, Dakota County, Minnesota Property Taxes

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

Median Welch, MN effective property tax rate: 0.69%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Welch, MN home value: $425,100
Median annual Welch, MN tax bill: $2,809, $409 higher than the national median property tax bill of $2,400.

How are property taxes in Dakota calculated?

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

Last Updated March 1, 2025

Welch, Dakota County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.69%

Estimate Property Tax Bill

$2,933

$2,722

Ownwell’s Welch Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Welch with just two data points. By entering your property's estimated assessed value, our calculator applies Welch’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 Dakota County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Welch, Dakota County, Minnesota

Local government entities determine tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

Welch in Goodhue County, Minnesota, offers an interesting case study. The effective property tax rate here aligns with the state's median rate, which is lower than the national median property tax rate of 1.02%. This makes Welch an attractive location for property owners, as they can benefit from more favorable tax rates compared to many other regions in the country. By understanding these dynamics, property owners in Welch can make informed decisions about their property investments, ensuring they maximize their financial benefits.

Property Tax Rates Across Welch, 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 Welch Tax Rate

0.69%

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 Welch, Dakota County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55089	0.68%	0.69%	0.69%	0.70%	0.80%

Source: Ownwell

Property Tax Assessment Values Across Welch, Dakota County, Minnesota

When examining property taxes in Welch, 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. Assessment notices: 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 Welch. For example, the median home price in Welch is $425,100, with tax bills ranging significantly across the county. Zip code 55089 has the highest median home price at $425,100.

Property Tax Assessment Values Across Welch, Dakota County, Minnesota

Source: Ownwell

$9,600

$684,300

$1,359,000

Median Welch Market Value

$425,100

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 Welch, Dakota County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55089	$74,320	$318,500	$425,100	$501,325	$580,470

Source: Ownwell

Property Tax Bills Across Welch, Dakota County, Minnesota

In Welch, Minnesota, property tax bills are calculated based on the assessed value of a home, which is determined by the Dakota County assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. With a median home price of $425,100, homeowners in Welch can expect to pay a property tax bill that falls between the 25th percentile of $1,934 and the 90th percentile of $4,005. The median property tax bill in the area is notably higher than the national median of $2,400, reflecting the region's higher property values. This can pose a significant financial burden on homeowners, making it crucial to ensure that their property is not over-assessed. Ownwell offers homeowners an opportunity to appeal their property tax assessments, potentially leading to significant savings. By analyzing market trends and comparable properties, Ownwell helps homeowners identify discrepancies in assessments, ensuring they are not overpaying on their property taxes.

Property Tax Bills Across Welch, Dakota County, Minnesota

Source: Ownwell

$98

$5,848

$11,598

Median Welch Tax Bill

$2,809

Median Dakota County Tax Bill

$3,728

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Welch, Dakota County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55089	$512	$1,934	$2,809	$3,398	$4,005

Source: Ownwell