Hennepin County · Minnesota
Minneapolis, MN property tax
The median annual bill, the effective rate behind it, and what that rate costs at any home value — from Census ACS estimates, not an assessor's marketing page.
Quick answer
The median homeowner in Minneapolis, MN pays $4,181 a year in real estate taxes, an effective rate of 1.21% of the $345,600 median home value. That is 23% above the national effective rate of 0.98%.
- Effective rate
- 1.21%US average 0.98%
- Median annual bill
- $4,181#27 of 94 metros
- Per month
- $348Median bill divided by 12
- Median home value
- $345,600US $303,400
Property tax calculator
Enter a home value to estimate the annual bill and the monthly escrow at Minneapolis, MN's effective rate. Adjust the exemption or the rate if your parcel differs.
- Taxable value
- $345,600
- Annual tax
- $4,182
- Per month
- $349
Estimate only. Assessment ratios, homestead caps and special districts can move a real bill either way.
What property tax costs at each home value
Applying Minneapolis's 1.21% effective rate to common home values.
| Home value | Annual tax | Per month |
|---|---|---|
| $200,000 | $2,420 | $202 |
| $350,000 | $4,235 | $353 |
| $500,000 | $6,050 | $504 |
| $750,000 | $9,075 | $756 |
| $1,000,000 | $12,100 | $1,008 |
Estimates only. Assessment ratios, homestead and senior exemptions, special assessment districts and recent reassessments all move a real bill away from the metro-wide median. Confirm with the county assessor before budgeting.
Related data for Minneapolis
The other numbers that decide what living here costs.
Tables B25103 and B25077, 2019-2023 ACS 5-year. Effective rate is median taxes paid divided by median home value, computed by us and documented on the methodology page.
More Minneapolis data
Other Minneapolis datasets on this site.
- Minneapolis population and income
- Minneapolis sales tax rate
- Minneapolis cost of living
- Minneapolis home values and rent
- Minneapolis crime rates
- Minneapolis public schools
- Minneapolis weather normals
- Minneapolis commute times
- Minneapolis jobs and wages
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