This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.

Closing Date Prorations for Minnesota Property Taxes

In Minnesota, property tax prorations at closing are governed by the statutory calendar set out in Minn. Stat. § 279.01, which determines when taxes are due and payable rather than allocating a flat percentage of the annual bill. The statute establishes a specific timeline for tax collection, and prorations follow that schedule to apportion tax liability between buyer and seller based on the number of days each party owns the property during the tax year. The official property tax calendar from the Minnesota Department of Revenue provides the exact due dates and settlement periods used in these calculations. The worked example below illustrates how the formula applies using the verified figure of 0% from the pinned facts. Use the DocketMath calculator to estimate your own closing proration.

Governing authority

In Minnesota, the closing date prorations rule is set by Minn. Stat. § 279.01. The verified packet cites Minn. Stat. § 279.01 (https://www.revenue.state.mn.us/property-tax-calendar).

Minnesota closing date prorations: the verified value is 0% under Minn. Stat. § 279.01. The verified packet cites Minn. Stat. § 279.01 (https://www.revenue.state.mn.us/property-tax-calendar).

Estimate your own result: every situation has exceptions that can change the outcome. Use the closing date prorations calculator to estimate your specific figure.

This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.