55306 Property Tax Rate

Property owners in ZIP code 55306 (Burnsville, Minnesota) pay a median of $3,744/year in property taxes on homes valued at $366,300. This translates to an effective tax rate of 1.02%, which is 7% above the Minnesota state average of 0.96%.

The monthly property tax burden for a median-valued home in 55306 is approximately $312, which factors into escrow payments on mortgages. This ZIP code is located within Dakota County. This is $1,438 more than the Minnesota average of $2,306/year.

Compared to similar ZIP codes in Minnesota, 55306 has lower property taxes. ZIP codes with similar effective rates include 55367 (1.02%) and 56575 (1.02%).

In Burnsville, property taxes represent approximately 3.8% of the median household income of $98,012, providing context for the relative tax burden on homeowners in this area.

Minnesota's homestead classification reduces your taxable market value and applies a lower tax class rate to primary residences — file this designation with the Dakota County Assessor immediately to avoid the higher non-homestead rate on your property. The Homestead Credit, an income-based property tax refund, may provide additional relief if you qualify and is claimed on your Minnesota state income tax return. Contact the Dakota County Assessor within 30 days of purchase to confirm your homestead status is recorded and your assessed value is accurate.