"Tax Capacity’ is determined by multiplying the market value of each property by the statutory class rates for the specific use(s) on the property. Minnesota has many class rates and only the State Legislature can change those rates. Call Assessing Services for a list of the current class rates, or
See M. S. Chapter 273.13 Classification of property.
What is tax capacity rate?
The rate needed from each property to collect the amount of dollars needed to operate county, local and schools.
Tax Rates