What is the property tax rate in Prior Lake, MN?

Prior Lake has an estimated effective property tax rate of 1.05%. On a median home valued at $429,900, homeowners pay approximately $4,500 per year in property taxes.

How does Prior Lake compare to Scott County?

Prior Lake's effective rate of 1.05% is 4% higher than the Scott County average of 1.01%. The county-wide median annual tax is $4,230, while Prior Lake homeowners pay an estimated $4,500.

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

Based on Prior Lake's effective rate of 1.05%, property taxes on a $300,000 home would be approximately $3,150 per year, or about $263 per month.

Prior Lake Property Tax Rate

Scott County, Minnesota

1.05%effective rate

Prior Lake is located in Scott County, Minnesota. Homeowners in Prior Lake pay a median of $4,500 per year in property taxes on a home valued at $429,900, resulting in an effective tax rate of 1.05%. This is 4% higher than the Scott County average of 1.01%.

Effective Tax Rate🏠

1.05%

vs 1.01% county avg

Est. Annual Tax💰

$4,500

Per year

Median Home Value📊

$429,900

2024 estimate

Population📍

27,832

Prior Lake, MN

How Prior Lake Compares

Prior Lake

1.05%

Scott County Average

1.01%

Minnesota Average

1.02%

National Average

0.92%

Cities in Scott County

Compare property tax rates for 3 cities in Scott County, Minnesota.

City	Population	Annual Tax	Rate
Savage	32,706	$4,400	1.11%
Shakopee	45,002	$3,810	1.05%
Prior Lake	27,832	$4,500	1.05%

About Property Taxes in Prior Lake

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

Property Tax Calculator

Estimate your annual property tax in Prior Lake

Home Value

$50k$2M

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

Estimated Annual Property Tax

$3,150

$263/month · Rate: 1.05%

Scott 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.