Property tax in Minnesota: 1.02%
The median Minnesota homeowner pays $3,357 a year on a home worth $329,300, an effective rate of 1.02%. That ranks 20th of 51, between Maine (1.02%) and North Dakota (0.99%). At the median state's 0.8% the same $329,300 home would owe $724 less a year.
In dollars, Minnesota has the 23rd-highest median home value and the 18th-largest median bill of the 51. By home value it sits between Delaware ($352,000, taxed at 0.5%) and Vermont ($316,600, 1.59%).
| Rank | State | Effective rate | Median bill | Median home value |
|---|---|---|---|---|
| 18 | South Dakota | 1.06% | $2,724 | $257,400 |
| 19 | Maine | 1.02% | $3,036 | $296,600 |
| 20 | Minnesota | 1.02% | $3,357 | $329,300 |
| 21 | North Dakota | 0.99% | $2,468 | $249,900 |
| 22 | Maryland | 0.97% | $4,093 | $419,900 |
Minnesota property tax by home price
At county rates the median-value home would owe $3,787 a year in Hennepin County and $4,083 in Ramsey County, against $3,357 at the statewide figure.
| Home value | Per year | Per month | vs. median state (0.8%) |
|---|---|---|---|
| $165,000 (half the median) | $1,683 | $140 | +$363 |
| $329,300 (median) | $3,359 | $280 | +$724 |
| $495,000 (1.5× the median) | $5,049 | $421 | +$1,089 |
| $660,000 (twice the median) | $6,732 | $561 | +$1,452 |
Property tax by county in Minnesota
Across the 2 largest Minnesota counties, measured effective rates run from 1.15% in Hennepin County to 1.24% in Ramsey County; all of them sit above the statewide 1.02%.
| County | Main cities | Population | Effective rate | Median home value | Median tax |
|---|---|---|---|---|---|
| Hennepin County | Minneapolis | 1,268,903 | 1.15% | $376,500 | $4,337 |
| Ramsey County | Saint Paul | 544,438 | 1.24% | $304,900 | $3,767 |