Estimate your Minnesota property tax based on the state's 1.03% average effective rate. Enter your home value for an instant, free calculation.
Enter any tax exemption amount you qualify for in Minnesota
Minnesota has a moderate effective property tax rate of 1.03%, ranking 19th nationally. The state's property tax system is complex, with a classification-based system that treats homestead, rental, commercial, and agricultural properties differently.
Minnesota uses a classified property tax system. Residential homestead property gets a preferential class rate of 1% on the first $500,000 of market value and 1.25% above that. Classification rates are applied to market value to determine tax capacity before levies are applied.
| Home Value | Estimated Annual Tax | Monthly (Escrow) |
|---|---|---|
| $250,000 | $2,575 | $214/mo |
| $309,200 (median) | $3,185 | $265/mo |
| $600,000 | $6,180 | $515/mo |
Minnesota's market value homestead exclusion reduces the taxable market value for qualifying owner-occupants. The Homestead Credit Refund (circuit breaker) provides income-based relief. Senior citizens and veterans may qualify for additional programs.
Minnesota property taxes are due May 15 (first half) and October 15 (second half).
Hennepin County (Minneapolis) and Ramsey County (St. Paul) have the highest rates. Greater Minnesota rural counties tend to be lower. Rapid metro-area appreciation has increased bills significantly in recent years.