Hennepin County, MN Property Tax Search
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In-depth Hennepin County, MN Property Tax Information
Upgrade your property research with an extensive tax report like the sample below. Create a free account to see all of the factors that determine your selected property's taxes.
See detailed property tax information from the sample report for 5734 shady oak Rd, Hennepin County, MN
Property Tax Calculation
In State of Minnesota counties or cities are responsible for property tax administration and the Department of Revenue only provides assistance and oversight. The process of calculating, imposing, and collecting Minnesota property taxes for a year actually spans two full calendar years. The two-year cycle begins with the January 2 statutory assessment date and extends all the way through the next calendar year until the property taxes have been paid.
Market Value
Market value is defined as the price that could be obtained at a private sale or an auction sale, if the assessor determines the price from an auction sale represents an arms-length transaction. In other words, market value represent the price that would prevail under competitive, open market conditions. This is the estimated market value for this property.
Assessed Value
Each property's share of taxes is determined according to its value, use, and the property tax levies. Assessors are responsible for estimating property values and setting classification for tax purposes. Assessment ratio is currently set to 100% throughout Hennepin County.
Taxable Value & Exemptions
Taxable value represents the assessed value less any tax exemptions that apply. Hennepin County provides several tax relief programs that may lower the property's tax bill.
Property Tax
Property tax is calculated by multiplying the tax capacity value and the assessed value with the corresponding tax rates. Tax capacity represents the taxable value multiplied by the appropriate class rate.
Base tax is an estimate of what an owner not benefiting from tax exemptions or deductions would pay.
Actual taxes might differ from the figures displayed here due to various abatement and financial assistance programs or to special assessments. For more information please visit City of Minneapolis Official website or lookup this property's current valuation and tax situation.
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Hennepin County Stats for Property Taxes
Looking for more property tax statistics in your area? Instantly view essential data points on Hennepin County, as well as MN effective tax rates, median real estate taxes paid, home values, income levels and even homeownership rates.
Effective tax rate (%)
1.16% of Assessed Home Value
1.05% of Assessed Home Value
1.02% of Assessed Home Value
Median real estate taxes paid
$4,142
$3,000
$2,869
Median home value
$358,000
$286,800
$281,900
Median income
$92,595
$84,313
$75,149
Owner occupied housing (%)
63%
72.3%
64.8%
Renter occupied housing (%)
37%
27.7%
35.2%
Frequently Asked Questions on Property Taxes
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