2026 federal, state and local taxes
Estimate your 2026 Minnesota property tax. At the state's 1.05% average rate, a $335,000 home pays about $3,518 a year.
| Home Value | MN Effective Rate | Annual Property Tax | Monthly Escrow | At the U.S. Average (0.90%) |
|---|---|---|---|---|
| $250,000 | 1.05% | $2,625 | $219 | $2,250 |
| $350,000 | 1.05% | $3,675 | $306 | $3,150 |
| $500,000 | 1.05% | $5,250 | $438 | $4,500 |
| $650,000 | 1.05% | $6,825 | $569 | $5,850 |
| $800,000 | 1.05% | $8,400 | $700 | $7,200 |
| $1,000,000 | 1.05% | $10,500 | $875 | $9,000 |
| State | Average Rate | Typical Home | Bill on Typical Home | Bill on $350,000 |
|---|---|---|---|---|
| Wisconsin | 1.51% | $295,000 | $4,455 | $5,285 |
| Iowa | 1.43% | $215,000 | $3,075 | $5,005 |
| South Dakota | 1.08% | $295,000 | $3,186 | $3,780 |
| Minnesota | 1.05% | $335,000 | $3,518 | $3,675 |
| North Dakota | 0.98% | $260,000 | $2,548 | $3,430 |
Statewide average effective rates; local rates vary a lot within each state.
Pick a state to see its 2026 tax rules and results for common salaries or home values.
Minnesota's average effective property tax rate is 1.05% of a home's value each year, the 8th highest of 51 (50 states and D.C.). On the state's typical home, worth about $335,000, that comes to roughly $3,518 a year, or $293 a month in escrow.
Because home prices differ so much, the yearly bill ranks differently from the rate: Minnesota's bill on a typical home is 20th of 51, near the middle. On a $350,000 home it would be about $3,675.
Of Minnesota's neighbors, North Dakota (0.98%) has a lower average rate; the table below lists them all.
These are Minnesota averages; your county, city and school district set the actual bill.
About $3,150 a year ($263 a month) at Minnesota's 1.05% average rate. A $500,000 house would pay about $5,250.
Yes. Minnesota's average rate of 1.05% is the 8th highest of 51 (50 states and D.C.).
Minnesota's state rate is 6.88% and local add-ons average 1.26%, for a combined average of 8.13%, the 15th highest of 51, in the top third.