The name of the village is derived from Taopi, the native chief who befriended the settlers after the New Ulm massacre. It was platted in 1875 by the Taopi Farming Company in the name of John W. Wood. The first lot was bought by James Olberg, and J. Martz opened a furniture store there before moving the operation to Le Roy. Taopi had the largest steam-powered flour mill in southern Minnesota; it could process 300,000 bushels of wheat each year.
The village suffered significant damage from an EF2 tornado on April 12, 2022, part of the April 2022 North American storm complex. Two noncritical injuries were reported.
Founding dates: Wikidata, Wikipedia, the U.S. post office records of Blevins & Helbock (CC0) and the Census. Homes by year built: Census ACS 2020–24. National Register of Historic Places: National Park Service (list of May 22, 2026). Old photos, postcards and papers: Wikimedia Commons, the Library of Congress and other public archives, credited on each item’s page. Maps: U.S. Geological Survey historical topographic maps (via Esri) and Sanborn fire-insurance maps (Library of Congress). History text and census tables: Wikipedia (CC BY-SA 4.0). Places that used to be: USGS Geographic Names Information System (2021). How TownRatings grades history →
From Wikimedia Commons (3), Wikipedia, U.S. Geological Survey historical maps, U.S. Census counts (via Wikipedia), the US Post Offices dataset (Blevins & Helbock) and the USGS Geographic Names Information System. Archive images are copied here with their credits and licenses, shown on each photo’s page. Refreshed monthly.