What is the property tax rate in Lakeville, MN?

Lakeville has an estimated effective property tax rate of 1.01%. On a median home valued at $425,200, homeowners pay approximately $4,313 per year in property taxes.

How does Lakeville compare to Dakota County?

Lakeville's effective rate of 1.01% is 3% higher than the Dakota County average of 0.98%. The county-wide median annual tax is $3,749, while Lakeville homeowners pay an estimated $4,313.

How much are property taxes in Lakeville on a $300,000 home?

Based on Lakeville's effective rate of 1.01%, property taxes on a $300,000 home would be approximately $3,030 per year, or about $253 per month.

Lakeville Property Tax Rate

Dakota County, Minnesota

1.01%effective rate

Lakeville is located in Dakota County, Minnesota. Homeowners in Lakeville pay a median of $4,313 per year in property taxes on a home valued at $425,200, resulting in an effective tax rate of 1.01%. This is 3% higher than the Dakota County average of 0.98%.

Effective Tax Rate🏠

1.01%

vs 0.98% county avg

Est. Annual Tax💰

$4,313

Per year

Median Home Value📊

$425,200

2024 estimate

Population📍

72,480

Lakeville, MN

How Lakeville Compares

Lakeville

1.01%

Dakota County Average

0.98%

Minnesota Average

1.02%

National Average

0.92%

Cities in Dakota County

Compare property tax rates for 6 cities in Dakota County, Minnesota.

City	Population	Annual Tax	Rate
Lakeville	72,480	$4,313	1.01%
Eagan	68,158	$3,740	0.98%
Burnsville	64,295	$3,298	0.98%
Apple Valley	55,696	$3,476	0.98%
Inver Grove Heights	35,772	$3,344	0.95%
Rosemount	26,509	$3,861	0.95%

About Property Taxes in Lakeville

Property taxes in Lakeville are collected by Dakota County. Tax exemptions available to Dakota County residents — including homestead, senior, and disability exemptions — also apply to homeowners in Lakeville. For detailed information on available exemptions and the county tax collector, see the Dakota County property tax page.

Property Tax Calculator

Estimate your annual property tax in Lakeville

Home Value

$50k$2M

Apply homestead exemption ($100,000 school tax reduction)

Estimated Annual Property Tax

$3,030

$253/month · Rate: 1.01%

Dakota County Property Taxes

County-level data, exemptions, historical trends, and tax collector info.

View county details →

Minnesota Property Taxes

Statewide rates, all 87 counties, and exemptions.

View state details →

Think your property tax is too high?

Homeowners save an average of $1,148/year by appealing their assessment.

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Frequently Asked Questions

Data Source: U.S. Census Bureau, 2024 American Community Survey 5-Year Estimates. City-level tax data is derived from Census place-level statistics. Effective tax rates are calculated by dividing median real estate taxes paid by median home value. Actual property tax rates may vary based on local taxing jurisdictions, exemptions, and assessment practices. This information is for general reference only and should not be used as a substitute for professional tax advice.