St Louis Park, Hennepin County, Minnesota Property Taxes

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

Median ST LOUIS PARK, MN effective property tax rate: 1.31%, significantly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median ST LOUIS PARK, MN home value: $320,700
Median annual ST LOUIS PARK, MN tax bill: $4,188, $1,788 higher than the national median property tax bill of $2,400.

How are property taxes in Hennepin calculated?

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

Last Updated March 1, 2025

St Louis Park, Hennepin County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.31%

Estimate Property Tax Bill

$4,201

$3,899

Ownwell’s St Louis Park Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in St Louis Park with just two data points.

By entering your property's estimated assessed value, our calculator applies St Louis Park’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 St Louis Park, Hennepin County, Minnesota

Local government entities determine tax rates, which can differ significantly within a state. This variation is because annually, 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 votes and laws play a role in setting tax rates and budgets, this is essentially the annual process. In St. Louis Park, located in Hennepin County, Minnesota, the effective property tax rate is a key figure for homeowners to consider. Compared to the national median property tax rate of 1.02%, St. Louis Park’s rate reflects the local budgetary needs and property values. Homeowners in St. Louis Park should be aware of these figures, as they can significantly impact annual tax bills, especially when contrasted with the national median property tax bill of $2400. Understanding these rates can help property owners make informed decisions about potential appeals or exemptions, ensuring they are not overpaying on their property taxes.

Property Tax Rates Across St Louis Park, 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 St Louis Park Tax Rate

1.31%

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 St Louis Park, Hennepin County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55426	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across St Louis Park, Hennepin County, Minnesota

When examining property taxes in St Louis Park, 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 St Louis Park. For example, the median home price in St Louis Park is $320,700, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across St Louis Park, Hennepin County, Minnesota

Source: Ownwell

$185,500

$510,700

$835,900

Median St Louis Park Market Value

$320,700

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 St Louis Park, Hennepin County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55426	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across St Louis Park, Hennepin County, Minnesota

In St. Louis Park, property tax bills are calculated based on the assessed value of a home rather than its market value. The median home price in the area is $320,700. The assessed value is determined by the Hennepin County Assessor's Office, which considers factors such as property size, location, and improvements. Property tax rates in St. Louis Park are higher than the national median, with a tax bill at the 25th, 75th, and 90th percentiles all at $4,188, significantly above the national median property tax bill of $2,400. This can place a substantial financial burden on homeowners.

Ownwell assists homeowners by analyzing their property assessments to identify potential inaccuracies or overvaluations. Our team of experts then files appeals on behalf of homeowners, aiming to reduce their property tax bills. By leveraging our expertise and local market knowledge, we help homeowners achieve significant savings, ensuring they pay only their fair share in property taxes. With Ownwell, homeowners in St. Louis Park can navigate the complexities of property tax assessments with confidence.

Property Tax Bills Across St Louis Park, Hennepin County, Minnesota

Source: Ownwell

$2,303

$6,804

$11,304

Median St Louis Park Tax Bill

$4,188

Median Hennepin County Tax Bill

$4,453

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across St Louis Park, Hennepin County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55426	N/A	N/A	N/A	N/A	N/A

Source: Ownwell