Hennepin County, MN Property Tax Calculator

Hennepin County Property Tax Rates

Hennepin County’s 1.32% average effective property tax rate is higher than Minnesota’s state average effective rate of 1.02%. The median home value in Hennepin County is $292,100, and the median annual property tax payment is $3,856. Similarly, those numbers are higher than the overall median home value and median property taxes paid for Minnesota, which are $285,400 and $2,915, respectively.

Each piece of property in Hennepin County falls within more than one property tax district. There are separate tax districts for the county, city, school district and other government entities.

The real estate property taxes you pay as a Minnesota resident account for roughly one-third of the budget of your state and local government. Different tax districts in Hennepin County use your property tax dollars to fund different services. The money you pay toward the county government will help fund roads, libraries and correctional services. The property tax payments you make to the city government help fund the police and fire departments.

And, of course, the money you pay to the school district helps fund public education. In Hennepin County, there are also special taxing districts for regional transport, museums, public housing and parks.

A financial advisor can help you understand how homeownership fits into your overall financial goals. SmartAsset’s free tool matches you with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Hennepin County Property Tax Breaks

If you live in Hennepin County, you may be eligible for a property tax exemption, reduction or credit. If you think you qualify, you must apply - the exemption, reduction or credit will not be applied to your property tax bill automatically.

Property tax exemption is reserved for charitable organizations, houses of worship, local government, schools or non-profits that have proof of their 501(c)(3) tax status. Property may be occupied by tenants and still qualify for an exemption.

Hennepin County offers qualified veterans with service-related disabilities a reduction in their property taxes. If you have a disability rating of 70% or more and received an honorable discharge, you may subtract $150,000 from the market value of your home. If your disability rating is 100%, that figure jumps to $300,000. Applications for the tax reduction can be made through the Hennepin County Assessor’s office or your local property assessor.

If your property becomes damaged by 50% of its value or more, you may be eligible for a property tax reduction, too. The damage can be inflicted accidentally or intentionally (by someone other than you, of course), and may be from natural causes, vandalism or arson. If you qualify for the reduction, it will apply in the year the damage occurred or in the following year. The first step to claiming the reduction is to report the damage to your property assessor’s office as soon as possible. Once you start the application process, don’t withhold your property taxes while you wait to hear back about the reduction.

There are other property tax breaks for green acres and rural preserves, senior citizens and more, each with its own application deadline.

If you have questions about how property taxes can affect your overall financial plans, a financial advisor in Minnetonka can help you out.

How Your Hennepin County Property Tax Bill Works

If you own property in Hennepin County, you’ll hear from the county government about your property taxes three times during each tax cycle. The first time, you’ll receive a valuation notice. These are sent each year in March. The notice will include the property classification of your property and its value for tax assessment purposes. If you think the valuation on this notice is too high and you want to appeal or question it, you’ll find details about the appeal process included in the notice.

The second time you hear from the county about your property taxes will be when you receive a notice of proposed property tax amounts for the following year. These Truth-in-Taxation notices give you a heads up about what you’re likely to owe. Don’t worry - it will say “This is not a bill” on the notice so you don’t confuse the Truth-in-Taxation notice with your actual tax bill.

The Truth-in-Taxation notices go out in November, and break down what you’re likely to owe by each tax district under whose jurisdiction your property falls (county, city, school district, watershed, etc.). The property tax amount you see in your notice isn’t set in stone - the various taxing authorities could change their budgets or might decide to raise or lower tax levies based on citizen input at truth-in-taxation hearings held every year after November 24.

The final communication you’ll receive is your actual property tax statement (read: bill). It will include the value at which your property is taxed, the taxes applied by the various tax districts, the total you owe and the due date for your payment. The first half of each year’s property taxes are due in May and the second half is due in October. You’ll receive your property tax statement each year in March. Based on the information in your statement, you may qualify for a property tax refund from the Minnesota Department of Revenue.