Golden Valley, Hennepin County, Minnesota Property Taxes

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

Median Golden Valley, MN effective property tax rate: 1.27%, significantly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Golden Valley, MN home value: $0
Median annual Golden Valley, MN tax bill: $0, $2,400 lower than the national median property tax bill of $2,400.

How are property taxes in Hennepin calculated?

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

Last Updated March 1, 2025

Golden Valley, Hennepin County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.27%

Estimate Property Tax Bill

$0

Ownwell’s Golden Valley Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Golden Valley with just two data points. By entering your property's estimated assessed value, our calculator applies Golden Valley’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 Golden Valley, 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, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Golden Valley in Hennepin County, MN, is no exception. Here, the effective property tax rate is 1.27%, surpassing the national median of 1.02%. This rate reflects the county's budgetary needs and the value of taxable properties in the area. Compared to the national median property tax bill of $2,400, residents in Golden Valley may find their bills higher due to this elevated rate. However, this also means that the community likely benefits from well-funded public services. For property owners, understanding these rates is crucial, as they directly impact annual tax bills. Comparing Golden Valley's tax rate to other cities in Minnesota and the national average can provide valuable insights for current and prospective property owners.

Property Tax Rates Across Golden Valley, 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 Golden Valley Tax Rate

1.27%

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 Golden Valley, Hennepin County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55416	N/A	N/A	N/A	N/A	N/A
55422	N/A	N/A	N/A	N/A	N/A
55427	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Golden Valley, Hennepin County, Minnesota

When examining property taxes in Golden Valley, 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 Assessor's Office 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 Golden Valley. For example, tax bills range significantly, with the 90th percentile reaching $633, considerably lower than the national median property tax bill of $2400.

Property Tax Assessment Values Across Golden Valley, Hennepin County, Minnesota

Source: Ownwell

$185,500

$510,700

$835,900

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 Golden Valley, Hennepin County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55416	N/A	N/A	N/A	N/A	N/A
55422	N/A	N/A	N/A	N/A	N/A
55427	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Golden Valley, Hennepin County, Minnesota

In Golden Valley, located in Hennepin County, MN, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the market value, which is determined by the county assessor based on various factors like location, size, and recent sales of similar properties. The local tax rate is set by local taxing authorities and is influenced by budgetary needs for public services such as schools and infrastructure. Compared to the national median property tax rate of 1.02%, Hennepin County has a relatively moderate tax rate. For homeowners, understanding these factors is crucial as they directly affect the annual tax bill. For instance, at the 90th percentile, property tax bills can reach $633, which can be a significant expense. Ownwell assists homeowners by identifying potential savings through tax appeals and exemptions, ensuring they are not overpaying. By leveraging expert knowledge and data analysis, Ownwell helps reduce the financial burden of property taxes, making homeownership more affordable.

Property Tax Bills Across Golden Valley, Hennepin County, Minnesota

Source: Ownwell

$2,303

$6,804

$11,304

Median Hennepin County Tax Bill

$4,453

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Golden Valley, Hennepin County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55416	N/A	N/A	N/A	N/A	N/A
55422	N/A	N/A	N/A	N/A	N/A
55427	N/A	N/A	N/A	N/A	N/A

Source: Ownwell