Minnesota Rental Property Tax
Estimate the annual tax on rental-property income in Minnesota.
About Minnesota Rental Property Tax
Rental-property tax estimate in Minnesota: rental income minus deductible expenses (mortgage interest, repairs, property tax) is taxed at your marginal rate. Depreciation is excluded here.
Formula
Tax
Tax = max(0, income − expenses − property tax) × rate
Worked example
With the default values below, Minnesota Rental Property Tax returns Estimated Income Tax of $2,640.00. Change any input above and every figure here is recalculated in your browser.
Inputs used
- Annual rental incomeminimum 0
- 42,000
- Annual expenses (mortgage, repairs)minimum 0
- 25,000
- Annual property taxminimum 0
- 5,000
- Income tax rateaccepts 0–50
- 22
Results
- Estimated Income Tax
- $2,640.00
- Pre-Tax Income
- $17,000.00
- Taxable Income
- $12,000.00
- Net After Tax
- $9,360.00
Step by step
- 1Values used
- 2Tax
- 3Estimated Income Tax= 2,640.00
- 4Pre-Tax Income= 17,000.00
- 5Taxable Income= 12,000.00
- 6Net After Tax= 9,360.00
Assumptions and limits
- The result is derived only from the 4 inputs listed above. Anything not among them is not part of the calculation.
- In particular, this calculator does not take inflation into account.
- Figures are rounded for display to 2 decimal places, so totals built from several rounded parts can differ slightly from the unrounded arithmetic.
- Estimate only.
- This is an estimate for general information and not professional financial, tax or legal advice. See the full disclaimer for the limits that apply to this kind of calculator.
How these calculators are built and tested is described on the Methodology page. If a figure looks wrong, please report it.
Minnesota rules are not built in
Minnesota-specific rules are not built into this calculator. It uses the same general calculation as Alaska Rental Property Tax. Check current figures with Minnesota’s official source before relying on the result.
Tax year: not verified · Source: none built in
Estimate only.
Frequently Asked Questions
What about depreciation?
Depreciation can offset a large share of rental income; it is not included here.
How accurate is this estimate?
Rates are approximate reference values. Local rates, exemptions and rules can differ, so treat the output as a planning figure only.