Minnesota Property Tax Calculator
Calculate Minnesota property tax by county. MN avg ~1.12% — class rate system based on market value.
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How to use this calculator
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Minnesota taxes market value directly — no separate assessment ratio like many states.
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Class rates: residential homestead 1% on first $500K of market value, 1.25% on excess.
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Homestead market value exclusion reduces taxable value (max exclusion $38,000 at $76,000 market value).
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County, city, school district, and special districts all levy taxes — combined rates vary significantly.
Frequently asked questions
What is Minnesota's homestead market value exclusion?
For a $276,000 home: exclusion = $30,400. Formula: $38,000 − 9% × (market value − $76,000) for properties between $76,000 and $413,800. Properties over $413,800 receive no exclusion. Apply at your county assessor.
How is MN property tax calculated?
Minnesota uses a class rate system: residential homestead properties taxed at 1% of market value (up to $500K), 1.25% above $500K. The homestead market value exclusion reduces taxable value for properties under $413,800.
Minnesota Property Tax Calculator 2024
How to use the minnesota property tax
Use this minnesota property tax to estimate your annual property tax bill by county. Minnesota property tax rates vary by county — enter your home value and select your county to get an accurate estimate.
Minnesota property tax rates by county
Enter your property's assessed value (usually close to market value, set by your county assessor). Select your county to apply its effective rate. The calculator shows your estimated annual tax, monthly escrow amount, and effective rate. Rates shown reflect 2026 estimates from the Tax Foundation and state DOR data.
Minnesota property tax exemptions and deductions
Property taxes in Minnesota fund local schools, roads, emergency services, and county government. Homestead exemptions can reduce your taxable value — many Minnesota counties offer exemptions for primary residences, seniors, and veterans. Contact your local county assessor to apply. Tax bills are typically due in two installments per year.
MN property tax overview
Minnesota uses a class rate system: residential homestead properties taxed at 1% of market value (up to $500K), 1.25% above $500K. The homestead market value exclusion reduces taxable value for properties under $413,800.
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Results are estimates for informational purposes only and do not constitute professional financial, medical, legal, or technical advice. Read full disclaimer →