Minnesota Property Tax Calculator
Estimate your annual property taxes in Minnesota. Calculate assessed value and apply Minnesota average millage rates.
Why calculating finance in Minnesota is different
Minnesota has a progressive income tax system.
State Income Tax
5.35% - 9.85%
Base Sales Tax
6.875%
State Min Wage
$10.85 / hr
Abbreviation
MN
Minnesota Finance Interactive Tool
This calculator uses the latest 2026 data for Minnesota, including the minimum wage of $10.85 and the specific state income tax rates (5.35% - 9.85%).
Frequently Asked Questions about Minnesota Finance
How are property taxes assessed in Minnesota?
Property taxes in Minnesota are generally assessed at the local county or municipal level based on the fair market value of the property, multiplied by the local millage or tax rate.
Are there property tax exemptions in Minnesota?
Yes, Minnesota often provides homestead exemptions for primary residences, as well as specific exemptions for seniors, veterans, and individuals with disabilities, which can significantly lower your tax bill.