Bloomington, Hennepin County, Minnesota Property Taxes - Ownwell
Bloomington, Hennepin County, Minnesota Property Taxes
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Property Taxes in Bloomington, Minnesota
- Median Bloomington, Minnesota effective property tax rate: 1.20%, significantly higher than the national median of 1.02%, and higher than the Minnesota state median of 1.13%.
- Median Bloomington, Minnesota home value: $375,950
- Median annual Bloomington, Minnesota tax bill: $4,503, $2,103 higher than the national median property tax bill of $2,400.
How are property taxes in Hennepin calculated?
Property taxes in Bloomington, Minnesota 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 Bloomington's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bloomington, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Bloomington, Hennepin County, Minnesota Property Tax Bill Calculator
Property Assessed Value
| Value | Estimated Property Tax Bill |
|---|---|
| $100,000 | $4,511 |
| $1,500,000 | $4,186 |
How Does the Bloomington Property Tax Calculator Work?
Use this Bloomington property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Bloomington's median effective tax rate of 1.20% — based on actual property records in Hennepin County — to generate your estimate.
Your bill may vary by ZIP code within Bloomington: rates range from $3,449.00 in 55420 to $5,984.00 in 55438, primarily due to differences in school district levies and local assessment districts.
About Bloomington Property Taxes
Bloomington's median effective property tax rate of 1.20% is higher than the Minnesota state median of 1.13% and higher than the national median of 1.02%. This rate reflects the Hennepin County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Bloomington. Homeowners in the 55438 ZIP code carry a median effective rate of 1.21%, while those in 55420 pay 1.17%. Understanding which part of Bloomington you live in can make a meaningful difference to your annual tax bill.
Bloomington homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the April 30, 2026 deadline each year.
Property Tax Rates Across Bloomington, Hennepin County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55420 | 1.13% | 1.15% | 1.17% | 1.18% | 1.20% |
| 55425 | 1.16% | 1.17% | 1.20% | 1.20% | 1.20% |
| 55431 | 1.19% | 1.20% | 1.20% | 1.21% | 1.28% |
| 55437 | 1.19% | 1.20% | 1.20% | 1.21% | 1.25% |
| 55438 | 1.13% | 1.15% | 1.21% | 1.25% | 1.28% |
Property Tax Assessment Values Across Bloomington, Hennepin County, Minnesota
When examining property taxes in Bloomington, 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. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings.
Assessment notices:
In Hennepin County, assessment notices are sent in the spring each year. 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. This section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Bloomington.
Property Tax Bills Across Bloomington, Hennepin County, Minnesota
Property tax bills in Bloomington are based on the assessed market value of a home and the local tax rate set by taxing authorities. The 25th percentile tax bill is $2,720, while the 75th percentile is $5,990 and the 90th percentile reaches $7,926.
What affects the final bill? The home’s assessed value, the local tax rate, and any exemptions all play a role.
Property Tax Bills Across Bloomington, Hennepin County, Minnesota:
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55420 | $2,705 | $2,967 | $3,449 | $4,069 | $4,266 |
| 55425 | $77 | $77 | $78 | $3,061 | $3,491 |
| 55431 | $4,013 | $4,385 | $4,868 | $5,770 | $7,306 |
| 55437 | $4,099 | $4,575 | $5,127 | $5,997 | $7,636 |
| 55438 | $2,525 | $2,959 | $5,984 | $7,682 | $8,743 |
Frequently Asked Property Tax Questions in Bloomington, Minnesota
How are property taxes calculated in Bloomington, Minnesota?
Property taxes in Bloomington, Minnesota are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities.
How do I appeal my property taxes in Bloomington, Minnesota?
You typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline.
What property tax exemptions are available in Bloomington, Minnesota?
Common property tax exemptions in Bloomington, Minnesota include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions.
When are property taxes due in Bloomington, Minnesota?
Property tax deadlines in Bloomington, Minnesota vary by county.
How can Ownwell help reduce my property taxes in Bloomington, Minnesota?
Ownwell provides professional property tax appeal services in Bloomington, Minnesota. If we successfully lower your tax bill, you only pay a percentage of your savings.