Here Are Minnesota’s 15 Highest Property Tax Cities
Minnesota is the 19th highest among US states with property tax rates. See which Minnesota cities have the highest property tax.
According to Zillow, the average home value in the Land of 10,000 Lakes is $334,482. That is about a 7.8% increase from last year. With buying a house, always comes the frequently asked question: "how much is the property tax?".
The website Center Square lists Minnesota's property tax as the 19th in the US. The site also states that the annual property tax rate stands at 1.05% across Minnesota. Where homeowners in the U.S. pay an average of 1.03% of their housing value in property taxes a year.
If you're wondering, Carver County collects the highest property tax in Minnesota with an average of $2,992 (1.04% of median home value). Cities in this County include: Carver, Chaska, Waconia, New Germany, and more.
In case you're curious, Duluth's average-priced home is $260,683 with a property tax of $3,995.
So now knowing that information, let's take a look and see what the cities in our beautiful state have the highest property taxes. I took a look at the 2022 Tax Base Composition with the total net tax capacity and the percentage of homestead share per city. I also took the average home value of each city and used the tax calculator on the League of Minnesota Cities.
The 15 Highest Property Tax Cities In Minnesota
15 - Pine Springs
Located in Washington County and with a population of 376 according to to the U.S. Census, this Minnesota small town comes in at 15. The average home is $599,672 making the property tax $6,132.
14 - Elko New Market
You can find this city with a population of 4,846 in Scott County. The average home is priced at $462,315 with a property tax of $6,357.
13 - Lake St. Croix Beach
Another town in Washington County. On 640 acres of land, you'll find a population of 1,030. The average home value is 597,500 making the property tax $6,534.
12 - Byron
This city has a population of 6,312 and is in Kalmar Township. The average home rings in at $409,900 with a property tax of $7,055.
11 - Carver
With a population of 6,401, this town can be found in Carver County. The average home is priced at $525,000 and the property tax is $7,086.
10 - Mantourville
This smaller town is in Dodge County with a population of 1,111. The average home can be found for $460,000 with a property tax of $7,113.
9 - Minnetrista
A population of 8,557 can be found in Hennepin County. The average home is $665,654 making the property tax $7,469.
8 - Waconia
Another city in Carver County, with a population of 13,071. You'll find $527,00 to be the price of an average home in the area with a property tax of $7,517.
7 - Hermantown
The first city on the list found in St. Louis County, has a population of 10,211. The average home is priced at $449,900 with a property tax of $7,685.
6 - Grant - $8,046
This small town happens to be the third in Washington County on the list with a population of 3,965. The average home can be found at $799,900 with a property tax of $8,046.
5 - Edina
The largest city on the list (population-wise) has about 55,318 and can be found in Hennepin County. You can find the average-priced house at $614,675 with a property tax of $8,091.
4 - Shorewood
Another city from Hennepin County and a population of 7,728. The average home is listed at $692,351 where the property tax will be $9,300.
3 - Sun Fish Lake
With a population of 523, it was first established as a village in 1958. The average home comes with a price of $1,172,699 and a property tax of 11,950.
2 - Credit River
Technically considered a township, you'll find a population of 5,096 in Scott County. The average price of a home is $1,575,000 with a property tax of $17,100.
1 - Minnetonka Beach
With a population of 542 in Hennepin County, you'll find the highest property tax in Minnesota. With an average-priced home at $1,753,141 and the property tax at $22,829.