Estimate annual property-tax and mortgage-interest burden on a home in Minnesota.
Combines estimated Minnesota property tax (reference effective rate ~1.08%) with first-year mortgage interest to show the homeownership tax burden. Interest may be deductible on itemized returns.
Burden
Property tax + mortgage interest
Approximate estimate.
Assessors value at or below market; many states cap year-over-year increases.
Rates are approximate reference values. Local rates, exemptions and rules can differ, so treat the output as a planning figure only.