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Interest Rates for Minnesota Counties
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County auditors, treasurers, and land commissioners should use the interest rates in the table below. You can find more information about each rate below the table.
Year | Delinquent Taxes | Property Tax Judgments | Confession of Judgment,
Homesteaded Property | Confession of Judgment,
All Other Eligible Property | Repurchase, or Tax-Forfeited Land Sold on Contract for Deed |
|---|
| 2024 | 8% | 5% | 10% | 8% | 8% |
| 2023 | 10% | 5% | 7% | 10% | 10% |
| 2022 | 10% | 4% | 5% | 10% | 10% |
| 2021 | 10% | 4% | 5% | 10% | 10% |
| 2020 | 10% | 4% | 7% | 10% | 10% |
| 2019 | 10% | 4% | 7% | 10% | 10% |
| 2018 | 10% | 4% | 5% | 10% | 10% |
| 2017 | 10% | 4% | 5% | 10% | 10% |
| 2016 | 10% | 4% | 5% | 10% | 10% |
| 2015 | 10% | 4% | 5% | 10% | 10% |
| 2014 | 10% | 4% | NA | 10% | 10% |
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The interest rate on delinquent real and personal property taxes, including manufactured homes, and special assessments is the same interest rate charged by the state for delinquent income and sales taxes, and is based on the adjusted prime rate charged by banks on bank-to-business loans. This rate cannot exceed 14%. Prior to 2024, the minimum interest rate was 10%.
Beginning for 2024, a county board, by resolution, may establish an interest rate lower than the interest rate determined by the Department of Revenue.
The interest rate for court judgments arising out of petitions for review is the floating rate based on the secondary market yield on one-year U.S. treasury bills. This is certified by December 20 each year and published on the Minnesota Judicial Branch's website.
The interest rate on confession of judgment contracts depends on the classification of the property.
Property eligible to enter into a confession of judgment under M.S. 279.37, subd. 1, has a fixed rate of interest for the duration of the contract (M.S. 279.03, subd. 2, para. (a)). Property eligible to enter into a confession of judgment under M.S. 279.37, subd. 1a, has a variable rate of interest for the duration of the contract.
Interest rates on the following items share the same interest rate as delinquent taxes:
Beginning for 2024, a county board, by resolution, or county auditor, if delegated the responsibility to administer tax-forfeited land, may establish an interest rate lower than the interest rate determined by the Department of Revenue.
