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Property tax estimate

Minnesota Property Tax Calculator

Estimate annual and monthly property taxes in Minnesotausing the state's average effective property tax rate of 1.11%. Enter a home value below to see an instant estimate — free and with no sign-up.

Last updated 2026-05-31

Minnesota Property Tax Calculator
Average property tax rate: 1.11%.
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Minnesota uses a tiered classification system, taxing homestead, commercial, and other property types at different rates.
Annual estimate
$5,550
Monthly estimate
$463

How to calculate property taxes in Minnesota

To estimate property taxes in Minnesota, multiply the home value by the local property tax rate. This page applies the state average effective rate of 1.11%, so a property valued at $500,000 would have an estimated annual property tax of $5,550.

Minnesota uses a tiered classification system, taxing homestead, commercial, and other property types at different rates.

Actual tax bills can include county, city, school district, exemption, and assessment rules, so investors should verify the final number with the local assessor before closing.

Comparing returns across markets? Use the cap rate calculator and cash-on-cash return calculator, which let you include property taxes as an operating expense.

Minnesota property tax FAQ

What is the average property tax rate in Minnesota?

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The average effective property tax rate in Minnesota is about 1.11%, which is above the U.S. average of roughly 1.07%. Effective rate means annual tax divided by market value; your local rate may differ by county and city.

How much is property tax on a $400,000 home in Minnesota?

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Using Minnesota's average effective rate of 1.11%, a $400,000 home owes about $4,440 per year in property tax, or roughly $370 per month. Actual bills vary with local rates and exemptions.

How do I calculate property tax in Minnesota?

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Multiply your home's value by the local property tax rate. This calculator applies Minnesota's average effective rate of 1.11%, but you should confirm the exact county, city, and school district rates and any available exemptions with your local assessor.

Property tax calculators for other states

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This estimate uses Minnesota's average effective property tax rate and is for educational purposes only — not tax advice. Confirm your exact rate and exemptions with your county assessor.