How much are Minneapolis property taxes increasing in 2025?

For the 2025 fiscal year, homeowners will see a 6.9% increase in the city portion of their property taxes.

When are property taxes due in Minneapolis?

Property taxes are due annually on May 15th and October 15th.

How does the Minneapolis property tax rate compare to the rest of the country?

The Minneapolis property tax rate of 1.30% is higher than the national average of 1.02%.

What do property taxes pay for in Minneapolis?

Property tax revenue funds local services including police, fire stations, street maintenance, libraries, and public schools.

How often are homes assessed for property taxes in Minneapolis?

Property assessments for homeowners in Minneapolis happen every five years.

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Minneapolis Property Tax 2025

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Minneapolis Property Tax 2025

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