Minnesota Property Tax Calculator 2026
Calculate your Minnesota property taxes — effective rate 1.05%, average annual tax $3,140. Updated June 2026.
Minnesota Property Tax Overview
Minnesota has an effective property tax rate of 1.05%, making it near the national average among all 50 states. The average annual property tax in Minnesota is $3,140 on a median home value of $299,400.
- Effective tax rate: 1.05%
- Assessment ratio: 100%
- Median home value: $299,400
- Average annual tax: $3,140 ($262/month)
How Minnesota Property Tax Works
Minnesota properties are assessed at 100% of market value. The assessed value is then multiplied by the local millage rate to determine your annual tax bill.
Minnesota Property Tax = Assessed Value × Local Millage Rate
Local millage rates vary by county, city, school district, and special districts within Minnesota. Your total rate is the sum of all applicable levies.
Minnesota Property Tax Exemptions
- Homestead exemption: Homestead market value exclusion: 40% of first $76K
- Senior exemption: Available in most counties — check your local assessor's office for specific amounts and age thresholds (typically 65+)
- Veteran exemption: Disabled veterans (10%+ rating) may qualify for additional exemptions — varies by county. Contact your county assessor for details
- Disability exemption: Disability exemptions available in most counties — typically mirrors the senior exemption. Contact your county assessor for specific amounts
How Minnesota Compares to Neighboring States
How to Appeal Your Minnesota Property Tax
If you believe your Minnesota property is over-assessed, you have the right to appeal:
- 1. Contact your county assessor — Review your assessment for errors in square footage, lot size, or condition
- 2. Gather comparable sales — Find 3-5 similar homes sold recently in your Minnesota neighborhood with lower values
- 3. File by the deadline — Minnesota appeal deadlines vary by county; check your assessment notice
- 4. Present evidence — Focus on facts and comparable data, not complaints about tax rates
- 5. Success rate: 50-70% of Minnesota property tax appeals result in a reduction
Frequently Asked Questions
What is the property tax rate in Minnesota?
The effective property tax rate in Minnesota is 1.05% as of 2026. On a home valued at $299,400, the annual property tax is approximately $3,140.
How are properties assessed in Minnesota?
In Minnesota, properties are assessed at 100% of market value. The assessed value determines the taxable value used to calculate your property tax bill.