Minnesota Property Taxes

Average Tax Rate

1.05%

Rank

Population

5.8M

Owner Occupied Homes

1.9M

Median Home Value

$286,800

Estimated Revenue

$10.2B

Find Local Experts to Help Lower Your Property Tax

Minnesota, the Land of 10,000 Lakes, is known for its friendly residents, strong job market, and cold winters. The Twin Cities—Minneapolis and St. Paul—offer cultural and economic opportunities. Minnesota’s property tax rate is 1.05%, ranking 23rd. While relatively moderate, high home values in urban areas can impact tax costs.

Trends in Property Taxes in the United States

Property taxes are a crucial source of revenue for most local government entities. Shifting trends in market conditions, legislation, and the economy can have a big impact on both residential and commercial property owners.