Property Tax Calculator for Minnesota

Estimate your annual and monthly property tax based on home value, tax rate, and exemptions. View year-by-year projections with appreciation, compare state tax rates, and see how homestead and senior exemptions reduce your tax bill. Tailored with Minnesota (MN) tax rates and financial data.

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MNMinnesota Financial Facts

Income Tax5.35% - 9.85%
Sales Tax6.875%
Property Tax1.08%
Median Home Price$330,000
Median Income$77,700
Cost of Living98.8(100 = avg)
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About Property Tax Calculator for Minnesota

This property tax calculator is tailored for Minnesota (MN) residents. Minnesota has a state income tax rate of 5.35% - 9.85%, a sales tax rate of 6.875%, and an average effective property tax rate of 1.08%. The median household income is $77,700 and the median home price is $330,000.

Minnesota's cost of living index is 98.8, below the national average of 100, making it a more affordable state to live in. Use this calculator to make informed financial decisions based on Minnesota's specific economic conditions.

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