Eden Prairie, Hennepin County, Minnesota Property Taxes

Name: Property Tax Bills Across Eden Prairie, Hennepin County, Minnesota
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Eden Prairie, MN effective property tax rate: 1.14%, significantly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Eden Prairie, MN home value: $447,400
Median annual Eden Prairie, MN tax bill: $5,121, $2,721 higher than the national median property tax bill of $2,400.

How are property taxes in Hennepin County calculated?

Property taxes in Eden Prairie, MN are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Eden Prairie’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Eden Prairie, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Eden Prairie, Hennepin County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.14%

Estimate Property Tax Bill

$5,100

$4,733

Ownwell’s Eden Prairie Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Eden Prairie with just two data points. By entering your property's estimated assessed value, our calculator applies Eden Prairie’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Hennepin County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Eden Prairie, Hennepin County, Minnesota

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.

In Eden Prairie, located in Hennepin County, Minnesota, the effective property tax rate is comparable to other cities in the state. The median property tax rate in Minnesota is slightly higher than the national median of 1.02%. Within Eden Prairie, the highest median tax rate is 1.14% in the 55347 zip code, while the lowest is 1.13% in the 55344 zip code. These figures highlight the slight variations that can occur even within a single city. Comparing these rates to the national median provides a clearer picture of how property tax rates in Eden Prairie align with broader trends. Understanding these differences can help homeowners better navigate their property tax obligations.

Property Tax Rates Across Eden Prairie, Hennepin County, Minnesota

Source: Ownwell

0.97%

1.21%

1.45%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Eden Prairie Tax Rate

1.14%

Median Effective Hennepin County Tax Rate

1.26%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Eden Prairie, Hennepin County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55344	1.06%	1.09%	1.13%	1.14%	1.19%
55346	1.10%	1.13%	1.14%	1.16%	1.21%
55347	1.10%	1.14%	1.14%	1.20%	1.23%

Source: Ownwell

Property Tax Assessment Values Across Eden Prairie, Hennepin County, Minnesota

When examining property taxes in Eden Prairie, MN, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Hennepin County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Hennepin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Eden Prairie. For example, the median home price in Eden Prairie is $447,400, with tax bills ranging significantly across the county. Zip code 55347 has the highest median home price at $503,700.

Property Tax Assessment Values Across Eden Prairie, Hennepin County, Minnesota

Source: Ownwell

$185,500

$510,700

$835,900

Median Eden Prairie Market Value

$447,400

Median Hennepin County Market Value

$350,000

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Eden Prairie, Hennepin County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55344	$189,100	$234,200	$313,900	$444,800	$613,140
55346	$235,700	$381,125	$433,250	$508,400	$603,370
55347	$260,900	$383,600	$503,700	$656,825	$812,010

Source: Ownwell

Property Tax Bills Across Eden Prairie, Hennepin County, Minnesota

In Eden Prairie, located in Hennepin County, MN, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The median home price in Eden Prairie is $447,400, which significantly influences the tax bill. Factors such as property size, location, and improvements can affect the assessed value. The tax rate is applied to this assessed value, resulting in the annual tax bill. For example, in Eden Prairie, the median tax bill can vary, with the 25th percentile at $3,914 and the 75th percentile reaching $6,844. This is notably higher than the national median property tax bill of $2,400. Homeowners in Eden Prairie can feel the impact of these taxes on their finances. Ownwell assists by providing property tax appeal and exemption services, potentially lowering the assessed value and, consequently, the tax bill. By identifying discrepancies or opportunities for exemptions, Ownwell helps homeowners save money, ensuring they pay only what is necessary.

Property Tax Bills Across Eden Prairie, Hennepin County, Minnesota

Source: Ownwell

$2,303

$6,804

$11,304

Median Eden Prairie Tax Bill

$5,121

Median Hennepin County Tax Bill

$4,453

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Eden Prairie, Hennepin County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55344	$2,106	$2,649	$3,505	$5,067	$7,198
55346	$2,548	$4,342	$4,985	$5,862	$7,184
55347	$2,888	$4,349	$5,746	$7,845	$9,974

Source: Ownwell