Shakopee, Scott County, Minnesota Property Taxes
Median Shakopee, MN effective property tax rate: 1.10%, slightly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Shakopee, MN home value: $342,100
Median annual Shakopee, MN tax bill: $3,714, $1,314 higher than the national median property tax bill of $2,400.
How are property taxes in Scott County calculated?
Property taxes in Shakopee, 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 Shakopee’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Shakopee, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Shakopee, Scott County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.1%
Estimate Property Tax Bill
$3,763
$3,492
Property Tax Rates Across Shakopee, Scott County, Minnesota
Local government entities are responsible for setting tax rates, and these can vary significantly within a state. Each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Shakopee, located in Scott County, Minnesota, the effective property tax rate is a reflection of this process. When comparing Shakopee's tax rate to other cities in Minnesota, it aligns closely with the state's median. However, when viewed against the national median property tax rate of 1.02%, Shakopee's rate is slightly higher. This comparison highlights regional differences in how property taxes are assessed and underscores the importance of understanding local tax obligations. Homeowners in Shakopee should be aware of these rates and consider appealing or seeking exemptions if they believe their property taxes are disproportionately high.
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 Shakopee Tax Rate
1.10%
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 Scott County Tax Rate
1.07%
Median Effective Minnesota Tax Rate
1.11%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Shakopee, Scott County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55379 | 1.00% | 1.06% | 1.10% | 1.12% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Shakopee, Scott County, Minnesota
When examining property taxes in Shakopee, 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 Scott County Assessor's Office 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 Scott 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 Shakopee. For example, the median home price in Shakopee is $342,100, with tax bills ranging significantly across the county. Zip code 55379 has the highest median home price at $342,100.
Property Tax Assessment Values Across Shakopee, Scott County, Minnesota
Source: Ownwell
$302,200
$478,575
$654,950
Median Shakopee Market Value
$342,100
Median Scott County Market Value
$388,100
Median Minnesota Market Value
$290,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Shakopee, Scott County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55379 | $224,000 | $259,900 | $342,100 | $456,500 | $573,460 |
Source: Ownwell
Property Tax Bills Across Shakopee, Scott County, Minnesota
Median Shakopee Tax Bill
$3,714
Median Scott County Tax Bill
$4,100
Median Minnesota Tax Bill
$3,182
Median United States Tax Bill
$2,400
Property Tax Bills Across Shakopee, Scott County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55379 | $2,288 | $2,752 | $3,714 | $4,904 | $6,072 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| Scott Tax Assessor | |
| Website | publicaccess.scottcountymn.gov |