Waconia property tax: where it goes

A Waconia house pays 1.32% of its taxable value in property tax. For a house at $450,300 of market value with the homestead exemption, that's about $4,690 a year.

Tax is levied on taxable market value times the class rate gives tax capacity, which is taxed at the tax capacity rate.

Carver County's payable-2026 rate tables cannot be downloaded by script and no copy is archived. The city's 2025 annual report lists the latest combined rates we could read: 105.567% of tax capacity for 2025. The city's 2026 budget shows a proposed city rate of 47.979% against 48.173% in 2025, so the 2026 combined rate may differ slightly. Voter-approved school levies charged on market value are not included, so the tax figure is a floor.

Who taxes this house

Taxing agency	Rate	On $450,300
All tax-capacity levies combined for Waconia (City of Waconia, School District #110, Carver County, other districts)	1.0557%	$4,690
Higher 1.25% class rate on market value above $500,000 (all tax-capacity levies)	0.2639%	$0
Total	1.32%	$4,690

Tax capacity rates for property in Waconia (Carver County) for 2025, in the City of Waconia 2025 annual comprehensive financial report. Exemptions applied: Homestead market value exclusion ($6,023); The 1.25% class rate applies only to market value above $500,000 ($500,000).

Ways to pay less

Apply for homestead by December 31. Homestead is for the property you own and occupy as your primary home. The homestead market value exclusion is 40% of value for homesteads valued at $95,000 or less (a maximum of $38,000), is reduced as values rise, and phases out at $517,200 or more. How: Apply to your county assessor by December 31 to qualify for taxes payable the next year; Carver County uses Form CR-H, the Homestead Application.
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).
Seniors 65+ with household income of $96,000 or less: defer property taxes. The Senior Citizens Property Tax Deferral caps the tax you pay at 3% of household income; the state pays the rest as a loan, repaid with interest when you sell the home or voluntarily cancel the deferral. You must have owned, lived in and homesteaded the home for the last 5 years, have no reverse mortgage, life estate, tax liens or judgment liens, and other liens must be under 75% of the estimated market value. How: Apply by November 1 to defer your property taxes the following year.
Pay property tax on time: penalties run 2% to 14%. Carver County adds a penalty the day after the due date, and it increases on the first of each month; the later the payment, the greater the penalty. How: Mail payments with an official U.S. postmark on or before the due date, or pay online from a checking (not savings) account.

Dates

When	What
Nov 1 (in 9 days)	Apply for the senior citizens property tax deferral for next year
Dec 31	Apply to the county assessor for homestead to qualify for taxes payable next year
Apr 30, 2027	Last day to file with the Minnesota Tax Court to appeal your 2026 valuation and classification (taxes payable in 2027)
May 15	First half of Carver County property tax due
Aug 15	Minnesota property tax refund (Form M1PR) due; you may still file up to one year late
Oct 15	Second half of property tax due; you pay it with the statement mailed in March

Pay or manage it

Sources

Checked October 22, 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.