Are property taxes high in Minneapolis?
Answered by Chris Deutsch, Founder & Editor
Licensed Minnesota Realtor #20382264 ·
The short answer
They're moderate — higher than rural Minnesota, lower than the coasts, and very dependent on which city or suburb you land in. Your bill comes from the home's assessed value times the rates set by the county, city, and school district, so two similar homes can owe different amounts across a city line. Minnesota's homestead classification lowers the bill on your primary residence, and there's a property tax refund for owners who qualify by income. The number that matters is the actual annual tax on the specific home, which is public record. Before you fall for a listing, check that figure — I pull it for every home I show.
On stage The 60-second answer
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