The 10 Minnesota Counties With The Highest Property Taxes in 2024
Fun fact, Minnesota is 19th highest in America for property taxes. But, where in Minnesota will you find the highest property tax bill?
Also See: These Are The Best Places to Buy a House in Minnesota.
According to Zillow, the average home value in the North Star State is $316,980. That's about a 2% increase from last year. When considering the purchase of a house, a common question that often comes up is: "How much are the property taxes?"
Property taxes are most often escrowed and are part of your monthly mortgage payment, and can often times be the deciding factor on affordability when house shopping.
According tax-rates, Counties in Minnesota collect an average of 1.05% of a property's assessed fair market value as property tax per year. The median property tax in Minnesota is $2,098.00 per year for a home worth the median value of $200,400. The highest in the state is well above that number. See the counties with the highest property taxes below.
The lowest property taxes can be found in Koochiching County where the average is $641 per year. That's just 0.64% of median home value!
The 10 Minnesota Counties With The Highest Property Taxes In 2024
Gallery Credit: Samm Adams
So, where does the Rochester area fall? Olmsted County is actually below average in the state at $1,891/year. Goodhue county is the highest in the area with an average of $2,002 per year. Dodge County is at $1,629/year. Wabasha county comes in at $1,545 per year. And, Winona County is $1,502 yearly.
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