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What is "Tax Capacity Value?

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"Tax Capacity Value" is determined by multiplying the market value of the property by the statutory percentage rates (also called class rates) for the specific classification(s)/use(s) on the property. Minnesota has many class rates and those rates can be changed only by the State Legislature. Call Anoka County Property Records and Taxation Division for a list of the current class rates. For example: the class rate for homestead property is significantly less than the class rate for commercial or industrial property. The classification of a parcel determines what percentages are to be used to determine the total tax capacity of each parcel in Anoka County. more
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Tax Capacity Value is determined by multiplying the market value of the property by the statutory percentage rates (also called class rates) for the specific classification(s)/use(s) on the property. Minnesota has many class rates and those rates can be changed only by the State Legislature. Call the Assessing Department for a list of the current class rates. more
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