--- title: "Minnesota Property Tax Calculator (1.02% Effective Rate) | TaxWren" description: "Minnesota homeowners pay a median $3,501 a year in property tax on a median home value of $344,600, an effective rate of 1.02%: the 17th highest of the 50 states and DC and 14% above the US rate of 0.89%. Estimate the property tax on any Minnesota home." url: https://taxwren.com/property-tax-calculator/minnesota --- 2026 tax year ยท updated Oct 15, 2026 # Minnesota property tax calculator Minnesota homeowners pay a median $3,501 a year in property tax on a median home value of $344,600, an effective rate of 1.02%: the 17th highest of the 50 states and DC and 14% above the US rate of 0.89%. ## Estimated property tax per year $3,501 $292 a month at 1.016% - Median tax paid in Minnesota: $3,501 - Median home value there: $344,600 - Same home at the US rate (0.8905%): $3,069 Before exemptions such as a homestead exemption. Rates from the American Community Survey 2024 1-year estimates. ## Minnesota property tax by home value At the statewide effective rate of 1.02%, compared with the same home at the US rate. | Home value | Per year | Per month | At the US rate | | --- | --- | --- | --- | | $200,000 | $2,032 | $169 | $1,781 | | $300,000 | $3,048 | $254 | $2,672 | | $400,000 | $4,064 | $339 | $3,562 | | $500,000 | $5,080 | $423 | $4,453 | | $750,000 | $7,620 | $635 | $6,679 | | $1,000,000 | $10,160 | $847 | $8,905 | ## Minnesota vs. neighboring states | State | Effective rate | Median tax | Median home value | | --- | --- | --- | --- | | [Iowa](/property-tax-calculator/iowa) | 1.29% | $2,937 | $227,300 | | [Wisconsin](/property-tax-calculator/wisconsin) | 1.25% | $3,680 | $294,700 | | Minnesota | 1.02% | $3,501 | $344,600 | | [South Dakota](/property-tax-calculator/south-dakota) | 1.02% | $2,940 | $289,600 | | [North Dakota](/property-tax-calculator/north-dakota) | 0.96% | $2,550 | $266,100 | ## What Minnesota homeowners pay - Median yearly property tax: $3,501 (18th highest of 51); $3,615 for homes with a mortgage and $3,299 for homes without one. - Median value of an owner-occupied home: $344,600, so a typical home pays about $292 a month. - 1,692,435 owner-occupied homes in the survey estimate. - Other taxes: see the [Minnesota income tax calculator](/income-tax-calculator/minnesota); sales tax averages 8.14% with local taxes ([Minnesota sales tax calculator](/sales-tax-calculator/minnesota)). These are statewide medians. Your county, city and school district set the rates on your bill, and exemptions (such as a homestead exemption for your main home, or for seniors and veterans) can lower it. Check with your county assessor and the [Minnesota revenue department](https://www.revenue.state.mn.us) for the rules that apply to you. Source: [US Census Bureau, American Community Survey](https://www2.census.gov/programs-surveys/acs/summary_file/2024/table-based-SF/data/1YRData/acsdt1y2024-b25103.dat), American Community Survey 2024 1-year estimates (tables B25103 and B25077, owner-occupied homes). See our [methodology](/methodology). ## Minnesota property tax FAQ ### What is the property tax rate in Minnesota? The effective rate is 1.02% of home value: the median tax paid ($3,501) divided by the median home value ($344,600), from the American Community Survey 2024 1-year estimates. Actual rates are set by counties, cities and school districts and vary within the state. ### How much is property tax on a $300,000 house in Minnesota? About $3,048 a year ($254 a month) at the statewide effective rate, before any exemptions you qualify for. ### Does Minnesota have high property taxes? Minnesota has the 17th highest effective property tax rate of the 50 states and DC (rank 17 of 51, 1 = highest) and the 18th highest median bill. ### Can I deduct Minnesota property tax? On your federal return, yes, if you itemize: property tax counts toward the state and local tax (SALT) deduction, capped at $40,400 for 2026 together with your state income or sales tax. More for Minnesota - [Minnesota paycheck calculator](/take-home-pay-calculator/minnesota) - [Minnesota income tax calculator](/income-tax-calculator/minnesota) - [Minnesota sales tax calculator](/sales-tax-calculator/minnesota) - [Property tax in every state](/property-tax-calculator)