$4,080/year | $340/month | Rate: 1.02%
Here's a complete breakdown of property tax on a $400,000 home in Minnesota for 2026.
| Detail | Amount |
|---|---|
| Home Value | $400,000 |
| Minnesota Effective Tax Rate | 1.02% |
| Annual Property Tax | $4,080 |
| Monthly Escrow Amount | $340 |
| National Average (1.07%) | $4,280 |
| Difference vs National Avg | $-200/year |
| State | Tax Rate | Annual Tax | Monthly | vs Minnesota |
|---|---|---|---|---|
| Minnesota (You) | 1.02% | $4,080 | $340 | — |
| Wisconsin | 1.61% | $6,440 | $537 | +$2,360/yr |
| Colorado | 0.49% | $1,960 | $163 | $-2,120/yr |
| Illinois | 2.07% | $8,280 | $690 | +$4,200/yr |
| Home Value | Annual Tax | Monthly |
|---|---|---|
| $200K | $2,040 | $170 |
| $250K | $2,550 | $213 |
| $300K | $3,060 | $255 |
| $350K | $3,570 | $298 |
| $400K ← You | $4,080 | $340 |
| $450K | $4,590 | $383 |
| $500K | $5,100 | $425 |
| $600K | $6,120 | $510 |
| $750K | $7,650 | $638 |
| $1M | $10,200 | $850 |
Homestead Market Value Exclusion (up to $304,000), Senior Property Tax Deferral, Disabled Veterans' Exemption, Green Acres (agricultural)
Calculate your own numbers
Open PropertyCalcTools →Property tax on a $400,000 home in Minnesota is approximately $4,080 per year, or $340 per month. Minnesota's effective property tax rate is 1.02%, which is below the national average of 1.07%.
To lower property tax in Minnesota: 1) Apply for all available exemptions (homestead, senior, veteran), 2) Appeal your assessment if your home is overvalued — success rates are 30-50%, 3) Check for errors in your property record (square footage, lot size, features), 4) Compare your assessment with similar nearby properties.
Property tax due dates vary by county in Minnesota, but most jurisdictions bill semi-annually or annually. If you have a mortgage, property taxes are typically paid through your monthly escrow payment ($340/month for a $400K home). Contact your county assessor's office for exact deadlines.