Minnesota Property Taxes 2024 [Go To Different State]
Minnesota Property Taxes [Go To Different State]
$2,098.00
The median property tax in Minnesota is $2,098.00 per year for a home worth the median value of $200,400.00. Counties in Minnesota collect an average of 1.05% of a property's assesed fair market value as property tax per year.
Minnesota is ranked number nineteen out of the fifty states, in order of the average amount of property taxes collected.
Minnesota's median income is $67,702 per year, so the median yearly property tax paid by Minnesota residents amounts to approximately % of their yearly income. Minnesota is ranked 21st of the 50 states for property taxes as a percentage of median income.
The exact property tax levied depends on the county in Minnesota the property is located in. Carver County collects the highest property tax in Minnesota, levying an average of $2,992.00 (1.04% of median home value) yearly in property taxes, while Koochiching County has the lowest property tax in the state, collecting an average tax of $641.00 (0.64% of median home value) per year.
For more localized property tax rates, find your county on the property tax map of Minnesota to the left or in the county list below. Jump to county list ►
Minnesota Property Tax Rates
Property taxes are collected on a county level, and each county in Minnesota has its own method of assessing and collecting taxes. As a result, it's not possible to provide a single property tax rate that applies uniformly to all properties in Minnesota.
Instead, Tax-Rates.org provides property tax statistics based on the taxes owed on millions of properties across Minnesota. These statistics allow you to easily compare relative property taxes across different areas, and see how your property taxes compare to taxes on similar houses in Minnesota.
The statistics provided here are state-wide. For more localized statistics, you can find your county in the Minnesota property tax map or county list found on this page.
Median Property Tax | Percentage Of Income | Percentage Of Property Value |
$2,098 (19th of 50) | 3.1% (21st of 50) | 1.05% (19th of 50) |
Are you paying too much property tax?
Statistics show that about 25% of homes in America are unfairly overassessed, and pay an average of $1,346 too much in property taxes every year.
We can check your property's current assessment against similar properties in Minnesota and tell you if you've been overassessed. If you have been overassessed, we can help you submit a tax appeal.
Is your property overassessed?
Minnesota Property Tax Calculator
While the exact property tax rate you will pay will vary by county and is set by the local property tax assessor, you can use the free Minnesota Property Tax Estimator Tool to calculate your approximate yearly property tax based on median property tax rates across Minnesota.
If you would like to get a more accurate property tax estimation, choose the county your property is located in from the list on the left. Property tax averages from this county will then be used to determine your estimated property tax.
Keep in mind that assessments are done on a property-by-property basis, and our calculators cannot take into account any specific features of your property that could result in property taxes that deviate from the average in your area.
Your county's property tax assessor will send you a bill detailing the exact amount of property tax you owe every year.
Minnesota Property Taxes By County
You can choose any county from our list of Minnesota counties for detailed information on that county's property tax, and the contact information for the county tax assessor's office. Alternatively, you can find your county on the Minnesota property tax map found at the top of this page. Hint: Press Ctrl+F to search for your county's name
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