Minnesota Property Tax Calculator 2026

Calculate property taxes in Minnesota. The average effective property tax rate in MN is 0.99%, which is above the national average of 0.89%. Estimate your annual property tax bill.

By Konstantin Iakovlev · Updated October 19, 2026 · Methodology

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Annual Property Tax

$3,465.00

Monthly Equivalent

$288.75

Effective Rate

0.990%

Property Tax Breakdown

Assessed Value$350,000.00
Homestead Exemption$0.00
Taxable Value$350,000.00
Annual Tax$3,465.00
Monthly Equivalent$288.75

Disclaimer: This calculator is for informational purposes only and does not constitute tax, financial, or legal advice. Results are estimates based on the information you provide and current rates. Always consult a qualified tax professional or financial advisor for advice specific to your situation.

Minnesota Property Tax Guide

Minnesota property tax runs at about a 0.99% average effective rate, meaning a typical owner pays roughly 0.99% of their home's value per year, just above the national average of around 0.9%. The tax is assessed and billed locally rather than by the state. County assessors value each property, and counties send out the bills, with the money funding schools, county services, cities, and special districts.

Minnesota's homestead classification can lower the tax on a property that is your primary residence, and the state also offers property tax refund programs that reduce the net burden for eligible homeowners and renters. To estimate a bill from an assessed value, multiply that value by roughly 0.99%, then treat the result as a starting point. Actual bills swing with local levies, classification rates, and credits, so two homes of equal value in different counties can owe meaningfully different amounts.

Minnesota Property Tax Details (2026)

Avg. Effective Property Tax Rate 0.99%
National Average 0.89%
vs. National Average 0.1 points above
Estate Tax Yes (exemption: $3,000,000)
State Sales Tax 6.88%
State Income Tax progressive (up to 9.85%)

Official Sources:

Minnesota Property Tax FAQ

What is the average property tax rate in Minnesota?
The average effective property tax rate is about 0.99% of a home's value, slightly above the roughly 0.9% national average. This is a statewide average; actual rates vary by county, city, and school district because property tax in Minnesota is set and levied locally, not by a single statewide rate.
Who assesses and collects property tax in Minnesota?
Counties handle it. County assessors determine the market value of each parcel, and the county bills and collects the tax, distributing it to local governments, school districts, and special taxing districts. The state sets rules and classification rates, but the assessment and billing happen at the county level.
What is the homestead classification and how does it help?
If you own and occupy a property as your primary residence, you can apply for homestead classification with your county, which qualifies the property for lower classification rates and certain credits. Minnesota also runs property tax refund programs that can return part of the tax to eligible homeowners and renters based on income and the size of the bill.
How do I estimate my Minnesota property tax from the assessed value?
Multiply the assessed market value by roughly 0.99% for a rough annual figure, so a $300,000 home lands near $2,970. Treat that as an approximation only, because local levies, your property's classification, homestead status, and available credits can push the actual bill above or below the average.

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