Property Tax Calculations

How Your Property Tax is Determined

A City Assessor determines the estimated market value (EMV) of your property. In accordance with Minnesota state law, the City of Coon Rapids' total tax collections will be distributed among the various types of property (apartment, commercial, industrial, residential). Tax laws can change from year to year which means the tax burdens may shift.

To calculate the property tax on a particular property there are 2 steps:

  • First the tax capacity is calculated by multiplying the market value by the class rate. Class rates are set by state law.
  • Then the property tax is calculated by multiplying the tax capacity by the tax rate. The tax rate is determined by the amount of funds needed to fund local services, divided by the total tax capacity value of each taxing district.

Learn More

Watch this video to understand more about how property taxes are determined.