Minnesota Property Tax Calculator
See what Minnesota property tax actually costs in 2026. Plug in your home's assessed value and county for a full annual estimate covering county rates (0.5%–1.5%+), homestead credit (up to $400), and senior deferral program.Updated 2026
Minnesota Property Tax Estimator — Quick Look
Estimated annual property tax for common home values (with homestead credit).
| Assessed Value | County | Tax Rate | Annual Tax | Monthly |
|---|---|---|---|---|
| $250,000 | Hennepin (1.10%) | 1.10% | $2,350 | $196 |
| $300,000 | Hennepin (1.10%) | 1.10% | $2,900 | $242 |
| $300,000 | Ramsey (1.20%) | 1.20% | $3,200 | $267 |
| $300,000 | Dakota (1.00%) | 1.00% | $2,600 | $217 |
| $500,000 | Hennepin (1.10%) | 1.10% | $5,100 | $425 |
* Estimates for primary residence with homestead credit ($400 max). Actual tax varies by city and school district.
Minnesota Property Tax Information 2026
Average Effective Rate: 1.0%–1.3% County + City + School
Assessment Ratio: Residential property assessed at 100% of market value.
Key Programs:
- Homestead Credit (2026): 20% of tax bill up to $400 maximum for primary residences
- Senior Deferral Program: Allows seniors 65+ to defer 50% or 100% of property tax payments (income-based)
- Disabled Veterans Exemption: Available for qualifying disabled veterans
- Agricultural Land: Special valuation for farm property
Tax Composition: County ~25%, City ~25%, School ~45%, Special districts ~5%
Source: Minnesota Department of Revenue — revenue.state.mn.us · Updated July 2026
Frequently Asked Questions
📊 Data Methodology
Minnesota property tax calculations use county-specific rates from the Minnesota Department of Revenue. 100% assessment ratio applies. Homestead credit: 20% up to $400 maximum (2026 rate). Senior deferral program allows 50% or 100% deferral. Source: MN DOR · Updated July 2026