Lakeville property tax: where it goes
A Lakeville house pays 1.305% of its taxable value in property tax. For a house at $466,200 of value before exemptions with the homestead exemption, that's about $5,057 a year.
Tax is levied on estimated market value less the homestead market value exclusion, times the class rate (1.00% on the first $500,000, 1.25% above), gives tax capacity, which is taxed at the local tax capacity rates; the school referendum levy is a separate rate on market value before the exclusion.
Who taxes this house
| Taxing agency | Rate | On $466,200 |
|---|---|---|
| Dakota County | 0.2103% | $971 |
| City of Lakeville | 0.3297% | $1,522 |
| School District 194, on tax capacity (schools) | 0.2759% | $1,274 |
| Metropolitan Council, transit district, mosquito control and Dakota County CDA | 0.0305% | $141 |
| Vermillion River watershed | 0.0027% | $12 |
| School District 194, referendum levy on market value (schools) | 0.244% | $1,138 |
| All tax-capacity levies above, on value over $500,000 (1.25% class rate instead of 1.00%) | 0.2123% | $0 |
| Total | 1.305% | $5,057 |
2026 taxes payable, Dakota County (Lakeville tax area 2205: School District 194, Vermillion River watershed). Exemptions applied: 1.00% class rate on the first $500,000 (1.25% only above) ($500,000); Homestead market value exclusion ($4,592).
Ways to pay less
- Claim the Minnesota property tax refund. Minnesota homeowners may get a Property Tax Refund based on income and property taxes. How: File Form M1PR with the Minnesota Department of Revenue by August 15 (late filing allowed up to one year).
- Pay property tax automatically for free. Dakota County has a free program that withdraws your property tax payment from your bank account on the due date. How: Enroll with your bank routing and account number and property ID; forms submitted now take effect for taxes due in 2027.
Dates
| When | What |
|---|---|
| Dec 31 | Homestead applications due to Dakota County; they affect the next year's taxes |
| May 15 | First half of Dakota County real estate taxes due |
| Aug 15 | Minnesota property tax refund (Form M1PR) due; you may still file up to one year late |
| Oct 15 | Second half of real estate taxes due; a penalty is added if you pay after the due date |
Pay or manage it
Sources
- Dakota County: Final Tax Rates, Pay 2026
- Dakota County: Residential Homestead Market Value Statistics by city (2025 and 2026 assessments)
- Dakota County: Residential Homestead Market Value Statistics by school district
- Dakota County: Tax deadlines and due dates
- Dakota County: Homestead
- Dakota County: Paying property taxes
- Dakota County: Late and delinquent property taxes
- Minnesota Department of Revenue: Homestead Market Value Exclusion
- Minnesota Department of Revenue: Property Tax Refund
- Minnesota Department of Revenue: Filing for a Property Tax Refund
Checked October 21, 2026. Every number here comes from the public sources listed, matched by our checker.
Rates change every year; this page shows when it was last checked. Nothing here is legal, tax or insurance advice.