City of Marshall Total Tax Capacity 

For property taxes payable in 2007 the state rate on Commercial - Industrial property:  48.032%

Total rate for commercial industrial property in the city of Marshall: 176.706

Total rate for other property in the City of of Marshall: 128.674

Minnesota commercial real estate taxes are based upon market value of taxable property as set by the local assessor. To calculate the tax for the current year, first compute the tax capacity by multiplying all property value up to $150,000 times .015, plus any value over $150,000 times .02. Example: net tax capacity on a $200,000 business property: ($150,000 X .015) + ($50,000 X .02) = $2,250 + $1,000 = $3,250. Tax capacity times the tax rate equals taxes owed. Commercial and industrial property must also pay a state property tax, which is equal to the tax capacity times the State Tax Rate.

In some localities where voters have approved referendums, an additional referendum tax must be added, calculated by multiplying the referendum tax rate times the total market value of the commercial property.

Please note: Specific property tax classifications and computations can be more complex and result in different tax amounts. This simplified explanation applies in the most general situations and will allow a business to roughly estimate its potential property tax burden. The county assessor or auditor may be able to answer questions about specific properties and uses. Please contact the Lyon County Assessor's office at (507) 537-6732 for these additional figures as they vary from year to year. 

City of Marshall Tax Capacity - As of April 2007

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