Loan Tax CalculatorMinnesota property tax
Effective rate
1.00%
Median home value
$337,891
Average annual tax
$3,379
Rank of 51
#17
1 = highest effective rate
Minnesota's rate is 0.10 points above the national average of 0.90%. On the median-priced Minnesota home, that's about $282 per month added to the mortgage payment.
Estimate your Minnesota property tax
Annual tax—
Monthly escrow—
At the average effective rate of 1.00%. Local county and municipal rates vary.
Tax on typical home values
| Home value | Annual tax | Monthly escrow |
|---|---|---|
| $250,000 | $2,500 | $208 |
| $400,000 | $4,000 | $333 |
| $600,000 | $6,000 | $500 |
How Minnesota compares
Iowa1.33%
Wisconsin1.32%
Michigan1.19%
Minnesota (this state)1.00%
South Dakota1.00%
North Dakota0.92%
National average0.90%
Homestead exemptions & relief
Homestead Market Value Exclusion automatically deducted on property tax bills; effective July 2026: $540,000 exemption for homestead properties, $1,350,000 for agricultural property