$
Annual Tax
$2,003
1.00%
Effective Rate
Monthly Tax
$167
Assessed Value
$238,336
Taxable Value
$200,336
Summary
A $238,336 home in Minnesota has an estimated annual property tax of $2,003 (1.00% effective rate), with homestead exemption applied.
Minnesota's 1.00% effective property tax rate ranks #17 nationally (1 = highest).
Minnesota offers a $38,000 homestead exemption off assessed value. This saves you approximately $380/year.
Your estimated monthly property tax is $167.
Taxable Assessed: $200,336
Exempt (Homestead)
Property Tax Calculation Breakdown
6 rows
| Step | Amount |
|---|---|
| Home Market Value | $238,336 |
| − Homestead Exemption | −$38,000 |
| = Taxable Value | $200,336 |
| × Tax Rate (1.0000%) | |
| = Annual Property Tax | $2,003 |
| ÷ 12 = Monthly Tax | $167 |
Property tax rates are statewide average effective rates based on 2025 data from the Tax Foundation and ACS. Actual taxes vary significantly by county, city, and school district. Contact your local assessor for exact figures. Not tax advice.