Mankato property tax: where it goes
A Mankato house pays 1.464% of its taxable value in property tax. For a house at $325,000 of market value with the homestead exemption, that's about $3,715 a year.
Tax is levied on net tax capacity (valuation) times the local tax rate; the school referendum rate times market value.
Who taxes this house
| Taxing agency | Rate | On $325,000 |
|---|---|---|
| Blue Earth County | 0.3951% | $1,216 |
| City of Mankato | 0.407% | $1,252 |
| School District 77 (Mankato), on tax capacity (schools) | 0.2551% | $785 |
| Region 9 Development Commission | 0.0014% | $4 |
| School District 77 referendum levy, on market value (schools) | 0.1409% | $458 |
| Higher 1.25% class rate on value above $500,000 (all tax-capacity levies) | 0.2646% | $0 |
| Total | 1.464% | $3,715 |
2026 taxes payable, Blue Earth County, district 01-0077 (City of Mankato, School District 77). Exemptions applied: Homestead market value exclusion ($17,300); The 1.25% class rate applies only to market value above $500,000 ($500,000).
Ways to pay less
- Apply for homestead by December 31. Homestead is for the property you own and occupy as your primary home. The homestead market value exclusion is 40% of value for homesteads valued at $95,000 or less (a maximum of $38,000), is reduced as values rise, and phases out at $517,200 or more. How: Apply to your county assessor by December 31 to qualify for taxes payable the next year.
- Claim the Minnesota property tax refund. Minnesota homeowners may get a Property Tax Refund based on income and property taxes. How: File with the Minnesota Department of Revenue by August 15 (late filing allowed up to one year).
- Seniors 65+ (if married, one 65+ and the other at least 62) with household income of $96,000 or less: defer property taxes. You must be 65 or older in the year you apply; if married, one of you is 65 or older and the other is at least 62. The Senior Citizens Property Tax Deferral caps the tax you pay at 3% of household income; the state pays the rest as a loan, repaid with interest when you sell the home or voluntarily cancel the deferral. You must have owned, lived in and homesteaded the home for the last 5 years, have no reverse mortgage, life estate, tax liens or judgment liens, and other liens must be under 75% of the estimated market value. How: Apply by November 1 to defer your property taxes the following year.
Dates
| When | What |
|---|---|
| Nov 1 (in 9 days) | Apply for the senior citizens property tax deferral for next year |
| Dec 31 | Apply to the county assessor for homestead to qualify for taxes payable next year |
| May 15 | First-half real property taxes due |
| Aug 15 | Minnesota property tax refund (Form M1PR) due; you may still file up to one year late |
| Oct 15 | Last day to pay the second half of real estate taxes (unless part of the parcel is classified 2a agricultural land) |
Pay or manage it
Sources
- Blue Earth County payable 2026 tax rates
- Minnesota Department of Revenue: Homestead Market Value Exclusion
- Minnesota Department of Revenue: Homestead classification
- Minnesota Department of Revenue: Property Tax Refund
- Minnesota Department of Revenue: Filing for a Property Tax Refund
- Minnesota Department of Revenue: Senior Citizens Property Tax Deferral
Checked October 22, 2026. Every number here comes from the public sources listed, matched by our checker.
Rates change every year; this page shows when it was last checked. Nothing here is legal, tax or insurance advice.