Escrow & Title
In Minnesota, property taxes are paid:
AMonthly with the mortgage payment only
BIn two installments: May 15 and October 15✓ Correct
CAnnually, on January 1
DQuarterly to the county treasurer
Explanation
Minnesota property taxes are typically paid in two equal installments: the first half by May 15 and the second half by October 15 of each year. At closing, property taxes are prorated between buyer and seller based on ownership days.
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