Converting CO$_2$ to useful compounds through the solar photocatalytic reduction has been one of the most promising strategies for artificial carbon recycling. The highly relevant photocatalytic substrate for CO$_2$ conversion has been the popular TiO$_2$ surfaces. However, the lack of accurate fundamental parameters that determine the CO$_2$ reduction on TiO$_2$ has limited our ability to control these complicated photocatalysis processes. We have systematically studied the reduction of CO2 at specific sites of the rutile TiO$_2$(110)-1x1 surface using scanning tunneling microscopy at 80 K. The dissociation of CO2 molecules is found to be activated by one electron attachment process and its energy threshold, corresponding to the CO$_2^{dot-}$/CO$_2$ redox potential, is unambiguously determined to be 2.3 eV higher than the onset of the TiO$_2$ conduction band. The dissociation rate as a function of electron injection energy is also provided. Such information can be used as practical guidelines for the design of effective catalysts for CO$_2$ photoreduction.