Property Tax for Minnesota (2026)
Minnesota (MN) Key Facts
Effective Property Tax Rate
1.12%
Tax Level
Moderate compared to national average
Assessed By
County assessor
Payment Frequency
Varies by county (annual or semi-annual)
How This Calculator Works in Minnesota
This calculator estimates your annual Minnesota property tax based on your home's value and the state's average effective rate of 1.12%. Enter your property value to see your estimated annual tax bill.
Minnesota Overview
Minnesota has an effective property tax rate of 1.12%, near the national average of ~1.11%. A defining feature of the state's system is that market value exclusion for homesteads. Property tax refund for qualifying homeowners and renters, making it important for homeowners to understand local assessment practices and available exemptions.
How Minnesota Compares
Minnesota's property tax rate of 1.12% compares to Wisconsin at 1.85% and Iowa at 1.57%. The moderate rate reflects a balanced approach to property taxation.
| State | Top Rate | Notes |
|---|---|---|
| Wisconsin | 1.85% | Wisconsin has a property tax rate of 1.85%. |
| Iowa | 1.57% | Iowa has a property tax rate of 1.57%. |
| North Dakota | 0.98% | North Dakota has a property tax rate of 0.98%. |
Minnesota's property tax rate of 1.12% compares to a national average of approximately 1.11%. This is above the national average.
Tips for Minnesota Residents
- 1Minnesota's effective property tax rate of 1.12% is near the national average of ~1.11%. Key feature: market value exclusion for homesteads.
- 2Property tax refund for qualifying homeowners and renters. Always verify your assessed value matches your property's actual condition and features.
- 3Appeal your property tax assessment if comparable sales in your area suggest your home is overvalued — Minnesota allows formal protests through the county or local assessor's office.
- 4Check whether you qualify for Minnesota's homestead exemption or other relief programs (senior, disabled, veteran) — these can meaningfully reduce your annual tax bill.
- 5Minnesota property taxes are deductible on your federal return subject to the $10,000 SALT cap. With a 1.12% rate, a $350,000 home owes roughly $3,920/year before exemptions.