Hennepin County Property Taxes
The median property tax rate in Hennepin County is 1.26%, which is significantly higher than both the national median of 0.99% and the Minnesota state median of 1.11%. With the median home value in Hennepin County at $350,000, the typical annual property tax bill reaches $4,453, exceeding the national median of $2,690. Property taxes in Hennepin County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Hennepin County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Minneapolis or another part of Hennepin County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hennepin County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$4,410
Ownwell’s Hennepin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Hennepin with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Hennepin to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Hennepin County, Minnesota
Property taxes in Hennepin County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Hennepin County is 1.26%, which is higher than the U.S. national median of 0.99%. Local government entities within Hennepin County set these rates annually, and they can vary significantly between different areas within the county. Each year, Hennepin County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Brooklyn Center has one of the higher property tax rates in Minnesota at 1.55%, while the city of Spring Park boasts one of the lowest at 0.97%. Analyzing how Hennepin County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Hennepin County Tax Rate
1.26%
Average Minnesota Tax Rate
1.11%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hennepin County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bloomington | 1.12% | 1.13% | 1.15% | 1.22% | 1.25% |
| Brooklyn Center | 1.43% | 1.48% | 1.55% | 1.63% | 1.67% |
| Brooklyn Park | 1.25% | 1.26% | 1.29% | 1.57% | 1.64% |
| Champlin | 1.08% | 1.10% | 1.12% | 1.13% | 1.34% |
| Chanhassen | 1.18% | 1.25% | 1.29% | 1.31% | 1.40% |
| Corcoran | N/A | N/A | N/A | N/A | N/A |
| Crystal | 1.27% | 1.30% | 1.34% | 1.58% | 1.67% |
| Dayton | 1.07% | 1.11% | 1.11% | 1.18% | 1.36% |
| Delano | 1.16% | 1.20% | 1.20% | 1.27% | 2.02% |
| Eden Prairie | 1.09% | 1.13% | 1.14% | 1.18% | 1.22% |
| Edina | 1.21% | 1.21% | 1.30% | 1.35% | 1.41% |
| Excelsior | 0.90% | 1.09% | 1.16% | 1.22% | 1.28% |
| Golden Valley | N/A | N/A | N/A | N/A | N/A |
| Hamel | 1.05% | 1.12% | 1.22% | 1.30% | 1.34% |
| Hanover | 1.16% | 1.19% | 1.19% | 1.22% | 1.27% |
| Hopkins | 1.10% | 1.16% | 1.19% | 1.42% | 1.47% |
| Long Lake | 0.97% | 1.02% | 1.08% | 1.13% | 1.16% |
| Loretto | 1.17% | 1.21% | 1.28% | 1.35% | 1.40% |
| Maple Grove | 1.10% | 1.13% | 1.14% | 1.20% | 1.23% |
| Maple Plain | 1.00% | 1.08% | 1.20% | 1.30% | 1.42% |
| Medicine Lake | 1.21% | 1.25% | 1.31% | 1.37% | 1.40% |
| Medina | N/A | N/A | N/A | N/A | N/A |
| Minneapolis | 1.12% | 1.19% | 1.30% | 1.35% | 1.46% |
| Minnetonka | 1.16% | 1.18% | 1.25% | 1.26% | 1.31% |
| Mound | 0.86% | 0.92% | 0.98% | 1.07% | 1.13% |
| New Hope | 1.41% | 1.42% | 1.43% | 1.46% | 1.46% |
| Osseo | 1.14% | 1.16% | 1.33% | 1.41% | 1.62% |
| Plymouth | N/A | N/A | N/A | N/A | N/A |
| Richfield | 1.27% | 1.28% | 1.29% | 1.31% | 1.33% |
| Robbinsdale | 1.32% | 1.33% | 1.35% | 1.36% | 1.37% |
| Rockford | 1.16% | 1.20% | 1.23% | 1.28% | 1.33% |
| Rogers | 1.21% | 1.25% | 1.28% | 1.28% | 1.31% |
| Saint Bonifacius | 1.05% | 1.05% | 1.08% | 1.10% | 1.10% |
| Shorewood | 1.12% | 1.13% | 1.13% | 1.13% | 1.13% |
| Spring Park | 0.92% | 0.95% | 0.97% | 1.05% | 1.08% |
| St Louis Park | 1.31% | 1.31% | 1.31% | 1.31% | 1.31% |
| Waconia | 1.01% | 1.04% | 1.06% | 1.09% | 1.24% |
| Watertown | 1.04% | 1.07% | 1.25% | 1.49% | 1.88% |
| Wayzata | 0.97% | 1.06% | 1.14% | 1.22% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Hennepin County, Minnesota
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Hennepin County, Minnesota. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Hennepin County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Hennepin County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Chanhassen boasts the highest median tax bill at $24,723, while Brooklyn Center has the lowest at $1,245. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Hennepin County, Minnesota
Source: Ownwell
$83,000
$1,064,000
$2,045,000
Average Hennepin County Assessed Value
$350,000
Average Minnesota Assessed Value
$290,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hennepin County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bloomington | $235,300 | $259,200 | $321,700 | $580,400 | $667,000 |
| Brooklyn Center | $14,600 | $36,500 | $73,000 | $199,500 | $275,400 |
| Brooklyn Park | $195,800 | $246,850 | $273,000 | $306,200 | $363,460 |
| Champlin | $247,200 | $299,000 | $331,000 | $393,000 | $504,000 |
| Chanhassen | $543,100 | $1,162,000 | $2,045,000 | $2,183,000 | $2,690,600 |
| Corcoran | N/A | N/A | N/A | N/A | N/A |
| Crystal | $140,000 | $181,000 | $223,000 | $274,000 | $290,200 |
| Dayton | $105,000 | $277,000 | $398,000 | $483,000 | $571,000 |
| Delano | $257,500 | $296,000 | $396,000 | $473,250 | $585,500 |
| Eden Prairie | $234,200 | $349,700 | $447,400 | $582,700 | $740,240 |
| Edina | $384,680 | $443,500 | $504,900 | $636,850 | $1,007,080 |
| Excelsior | $368,100 | $479,000 | $675,000 | $1,081,000 | $1,982,800 |
| Golden Valley | N/A | N/A | N/A | N/A | N/A |
| Hamel | $145,000 | $377,000 | $566,000 | $740,000 | $966,100 |
| Hanover | $300,200 | $399,000 | $448,000 | $527,000 | $620,200 |
| Hopkins | $136,400 | $243,100 | $353,000 | $472,000 | $683,200 |
| Long Lake | $308,000 | $391,000 | $649,000 | $1,024,000 | $1,767,600 |
| Loretto | $271,600 | $340,000 | $453,000 | $627,500 | $791,200 |
| Maple Grove | $243,900 | $305,600 | $385,400 | $517,400 | $639,500 |
| Maple Plain | $268,500 | $341,000 | $471,500 | $738,750 | $991,500 |
| Medicine Lake | $563,700 | $680,250 | $874,500 | $1,068,750 | $1,185,300 |
| Medina | N/A | N/A | N/A | N/A | N/A |
| Minneapolis | $188,000 | $258,000 | $325,900 | $434,900 | $606,000 |
| Minnetonka | $295,450 | $372,125 | $436,950 | $539,475 | $699,000 |
| Mound | $231,000 | $292,000 | $448,000 | $826,000 | $1,297,000 |
| New Hope | $278,500 | $304,250 | $326,500 | $369,000 | $396,700 |
| Osseo | $98,000 | $227,000 | $298,000 | $431,975 | $587,000 |
| Plymouth | N/A | N/A | N/A | N/A | N/A |
| Richfield | $250,000 | $275,000 | $296,000 | $328,000 | $363,400 |
| Robbinsdale | $271,500 | $296,250 | $319,500 | $355,750 | $376,400 |
| Rockford | $243,400 | $283,500 | $442,000 | $633,500 | $807,000 |
| Rogers | $70,000 | $298,000 | $394,000 | $460,000 | $543,000 |
| Saint Bonifacius | $223,000 | $303,000 | $391,000 | $488,000 | $550,000 |
| Shorewood | $195,900 | $470,250 | $927,500 | $1,384,750 | $1,659,100 |
| Spring Park | $247,000 | $375,000 | $527,000 | $823,500 | $1,185,400 |
| St Louis Park | $320,700 | $320,700 | $320,700 | $320,700 | $320,700 |
| Waconia | $260,400 | $287,000 | $464,500 | $537,750 | $653,000 |
| Watertown | $283,500 | $316,750 | $374,500 | $434,750 | $497,000 |
| Wayzata | $354,000 | $500,000 | $758,350 | $1,301,250 | $2,417,400 |
Source: Ownwell
Property Tax Bills Across Hennepin County, Minnesota
Property tax bills in Hennepin County, MN, are determined by assessing the market value of a property and applying the local tax rate. The county's median home price stands at $350,000, and tax bills can vary significantly based on property value and location. For instance, the 25th percentile tax bill is approximately $3,396, while the 75th percentile reaches around $6,052, and the 90th percentile can soar to $8,729. Several factors influence these tax bills, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. Homeowners in cities like Chanhassen may face higher tax bills, with the highest median tax bill recorded at $24,723. In contrast, Brooklyn Center has the lowest median tax bill at $1,245. These variations affect homeowners by impacting their annual financial obligations, potentially influencing decisions on property purchases and investments. Understanding these factors can help homeowners better anticipate and manage their property tax responsibilities.
Average Hennepin County Tax Bill
$4,453
Average Minnesota Tax Bill
$3,182
Average United States Tax Bill
$2,690
Property Tax Bills Across Hennepin County, Minnesota
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bloomington | $2,626 | $2,940 | $3,726 | $7,049 | $8,276 |
| Brooklyn Center | $249 | $622 | $1,245 | $2,911 | $3,911 |
| Brooklyn Park | $3,041 | $3,085 | $3,468 | $4,890 | $5,798 |
| Champlin | $2,705 | $3,360 | $3,801 | $4,806 | $5,922 |
| Chanhassen | $6,963 | $14,563 | $24,723 | $26,417 | $34,342 |
| Corcoran | N/A | N/A | N/A | N/A | N/A |
| Crystal | $1,774 | $2,425 | $3,536 | $3,725 | $4,100 |
| Dayton | $1,358 | $3,327 | $4,681 | $5,547 | $6,806 |
| Delano | $3,050 | $4,037 | $5,093 | $6,451 | $8,329 |
| Eden Prairie | $2,590 | $3,914 | $5,121 | $6,844 | $9,020 |
| Edina | $4,633 | $5,574 | $6,490 | $8,446 | $13,589 |
| Excelsior | $3,900 | $5,290 | $7,657 | $12,859 | $23,942 |
| Golden Valley | N/A | N/A | N/A | N/A | N/A |
| Hamel | $3,531 | $5,046 | $7,272 | $9,236 | $11,852 |
| Hanover | $3,515 | $4,768 | $5,365 | $6,464 | $8,005 |
| Hopkins | $1,661 | $2,845 | $4,565 | $5,963 | $9,000 |
| Long Lake | $3,277 | $4,126 | $6,947 | $11,294 | $19,917 |
| Loretto | $3,468 | $4,403 | $5,957 | $8,055 | $10,344 |
| Maple Grove | $2,746 | $3,490 | $4,510 | $6,086 | $7,659 |
| Maple Plain | $3,208 | $4,175 | $5,615 | $8,778 | $12,073 |
| Medicine Lake | $7,008 | $8,835 | $11,881 | $14,926 | $16,753 |
| Medina | N/A | N/A | N/A | N/A | N/A |
| Minneapolis | $2,310 | $3,319 | $4,242 | $5,691 | $8,031 |
| Minnetonka | $3,564 | $4,527 | $5,374 | $6,695 | $9,043 |
| Mound | $2,199 | $2,908 | $4,374 | $8,277 | $13,616 |
| New Hope | $3,921 | $4,323 | $4,725 | $5,397 | $5,806 |
| Osseo | $2,042 | $3,500 | $4,518 | $5,520 | $7,217 |
| Plymouth | N/A | N/A | N/A | N/A | N/A |
| Richfield | $3,156 | $3,516 | $3,870 | $4,330 | $4,877 |
| Robbinsdale | $3,635 | $3,958 | $4,297 | $4,835 | $5,165 |
| Rockford | $2,858 | $3,388 | $5,462 | $8,033 | $10,657 |
| Rogers | $2,906 | $4,171 | $5,173 | $6,016 | $7,186 |
| Saint Bonifacius | $2,323 | $3,347 | $4,316 | $5,193 | $5,958 |
| Shorewood | $2,199 | $5,277 | $10,407 | $15,536 | $18,614 |
| Spring Park | $2,256 | $3,639 | $5,089 | $8,738 | $12,793 |
| St Louis Park | $4,188 | $4,188 | $4,188 | $4,188 | $4,188 |
| Waconia | $2,635 | $3,005 | $5,289 | $6,817 | $7,924 |
| Watertown | $3,787 | $4,159 | $4,901 | $6,376 | $7,349 |
| Wayzata | $3,730 | $5,565 | $8,724 | $15,355 | $28,202 |
Source: Ownwell
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