Osseo, Hennepin County, Minnesota Property Taxes
- Median Osseo, MN effective property tax rate: 1.33%, significantly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
- Median Osseo, MN home value: $298,000
- Median annual Osseo, MN tax bill: $4,518, $2,118 higher than the national median property tax bill of $2,400.
How are property taxes in Hennepin calculated?
Property taxes in Osseo, 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 Osseo’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Osseo, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Osseo, Hennepin County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.33%
Estimate Property Tax Bill
$3,963
$3,678
Ownwell’s Osseo Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Osseo with just two data points.
By entering your property's estimated assessed value, our calculator applies Osseo’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 Osseo, Hennepin County, Minnesota
Local government entities set tax rates, which can vary widely within a state. Annually, 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, in a nutshell, this is the annual process. Below, you can compare Osseo’s effective property tax rate to other cities in Minnesota and the median property tax rates in Minnesota and the U.S.
Osseo, located in Hennepin County, has a median property tax rate of 1.33%, which is higher than the national median of 1.02%. This rate is also the highest and lowest in the region, indicating uniformity within the area. Homeowners in Osseo might find their tax bills higher than the national average, but these taxes contribute to local services and infrastructure. Comparing these rates with other regions can provide valuable insights for property owners considering relocation or investment. Understanding these differences can help in making informed decisions about property investments and financial planning.
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 Osseo Tax Rate
1.33%
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 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 Osseo, Hennepin County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55369 | 1.14% | 1.16% | 1.33% | 1.41% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Osseo, Hennepin County, Minnesota
When examining property taxes in Osseo, Minnesota, 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 Osseo. For example, the median home price in Osseo is $298,000, with tax bills ranging significantly across the county. Zip code 55369 has the highest median home price at $298,000.
Property Tax Assessment Values Across Osseo, Hennepin County, Minnesota
Source: Ownwell
$185,500
$510,700
$835,900
Median Osseo Market Value
$298,000
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 Osseo, Hennepin County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55369 | $98,000 | $227,000 | $298,000 | $431,975 | $587,000 |
Source: Ownwell
Property Tax Bills Across Osseo, Hennepin County, Minnesota
Median Osseo Tax Bill
$4,518
Median Hennepin County Tax Bill
$4,453
Median Minnesota Tax Bill
$3,182
Median United States Tax Bill
$2,400
Property Tax Bills Across Osseo, Hennepin County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55369 | $2,042 | $3,500 | $4,518 | $5,520 | $7,217 |
Source: Ownwell