Minneapolis, Hennepin County, Minnesota Property Taxes - Ownwell
Minneapolis, Hennepin County, Minnesota Property Taxes
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Property Taxes in Minneapolis, Minnesota
- Median Minneapolis, Minnesota effective property tax rate: 1.30%, significantly higher than the national median of 1.02%, and higher than the Minnesota state median of 1.13%.
- Median Minneapolis, Minnesota home value: $328,200
- Median annual Minneapolis, Minnesota tax bill: $4,326, $1,926 higher than the national median property tax bill of $2,400.
How are property taxes in Hennepin calculated?
Property taxes in Minneapolis, 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 Minneapolis's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Minneapolis, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Minneapolis, Hennepin County, Minnesota Property Tax Bill Calculator
Property Assessed Value
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.3%
Estimate Property Tax Bill
$4,267
$3,959
How Does the Minneapolis Property Tax Calculator Work?
Use this Minneapolis property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Minneapolis's median effective tax rate of 1.30% — based on actual property records in Hennepin County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Minneapolis's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Minneapolis: rates range from $464 in 55415 to $12,088 in 55424, primarily due to differences in school district levies and local assessment districts. For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Minneapolis.
About Minneapolis Property Taxes
About Property Taxes in Minneapolis, Hennepin, Minnesota
Minneapolis's median effective property tax rate of 1.30% 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 Minneapolis. Homeowners in the 55427 ZIP code carry a median effective rate of 1.42%, while those in 55447 pay 1.08%. Understanding which part of Minneapolis you live in can make a meaningful difference to your annual tax bill.
Minneapolis 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.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Minneapolis, Hennepin County, Minnesota
Property Tax Rates Across Minneapolis, Hennepin County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55401 | 1.25% | 1.31% | 1.31% | 1.32% | 1.55% |
| 55402 | 1.31% | 1.31% | 1.32% | 1.36% | 1.39% |
| 55403 | 1.17% | 1.30% | 1.31% | 1.36% | 1.60% |
| 55404 | 1.15% | 1.24% | 1.31% | 1.31% | 1.60% |
| 55405 | 1.24% | 1.30% | 1.31% | 1.44% | 1.59% |
| 55406 | 1.23% | 1.27% | 1.30% | 1.34% | 1.40% |
| 55407 | 1.21% | 1.26% | 1.30% | 1.35% | 1.60% |
| 55408 | 1.20% | 1.28% | 1.30% | 1.37% | 1.60% |
| 55409 | 1.22% | 1.28% | 1.31% | 1.36% | 1.46% |
| 55410 | 1.28% | 1.30% | 1.33% | 1.41% | 1.47% |
| 55411 | 1.17% | 1.22% | 1.30% | 1.37% | 1.70% |
| 55412 | 1.15% | 1.20% | 1.25% | 1.31% | 1.59% |
| 55413 | 1.24% | 1.29% | 1.31% | 1.33% | 1.60% |
| 55414 | 1.21% | 1.29% | 1.31% | 1.37% | 1.60% |
| 55415 | 1.31% | 1.31% | 1.31% | 1.42% | 1.60% |
| 55416 | 1.27% | 1.30% | 1.33% | 1.38% | 1.47% |
| 55417 | 1.24% | 1.28% | 1.30% | 1.33% | 1.39% |
| 55418 | 1.25% | 1.28% | 1.31% | 1.60% | 1.64% |
| 55419 | 1.28% | 1.30% | 1.33% | 1.39% | 1.46% |
| 55420 | 1.13% | 1.16% | 1.18% | 1.20% | 1.25% |
| 55421 | 1.25% | 1.31% | 1.41% | 1.59% | 1.68% |
| 55422 | 1.30% | 1.33% | 1.36% | 1.43% | 1.51% |
| 55423 | 1.33% | 1.35% | 1.36% | 1.39% | 1.40% |
| 55424 | 1.21% | 1.27% | 1.34% | 1.38% | 1.44% |
| 55425 | 1.13% | 1.16% | 1.19% | 1.20% | 1.22% |
| 55426 | 1.26% | 1.29% | 1.32% | 1.33% | 1.40% |
| 55427 | 1.34% | 1.36% | 1.42% | 1.46% | 1.48% |
| 55428 | 1.31% | 1.33% | 1.38% | 1.45% | 1.51% |
| 55429 | 1.32% | 1.37% | 1.42% | 1.48% | 1.64% |
| 55430 | 1.21% | 1.28% | 1.38% | 1.52% | 1.75% |
| 55431 | 1.17% | 1.18% | 1.20% | 1.21% | 1.30% |
| 55435 | 1.00% | 1.07% | 1.14% | 1.22% | 1.29% |
| 55436 | 1.08% | 1.12% | 1.24% | 1.33% | 1.40% |
| 55437 | 1.13% | 1.18% | 1.20% | 1.21% | 1.25% |
| 55438 | 1.11% | 1.16% | 1.21% | 1.23% | 1.28% |
| 55439 | 1.18% | 1.20% | 1.24% | 1.30% | 1.37% |
| 55441 | 1.06% | 1.07% | 1.11% | 1.13% | 1.19% |
| 55442 | 1.03% | 1.12% | 1.14% | 1.15% | 1.19% |
| 55443 | 1.24% | 1.30% | 1.36% | 1.38% | 1.41% |
| 55444 | 1.19% | 1.21% | 1.24% | 1.35% | 1.39% |
| 55445 | 1.28% | 1.35% | 1.37% | 1.39% | 1.45% |
| 55446 | 1.06% | 1.07% | 1.12% | 1.15% | 1.18% |
| 55447 | 1.04% | 1.07% | 1.08% | 1.12% | 1.16% |
| 55454 | 1.02% | 1.14% | 1.24% | 1.31% | 1.31% |
Property Tax Assessment Values Across Minneapolis, Hennepin County, Minnesota
When examining property taxes in Minneapolis, 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 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.
Assessment notices:
In Hennepin County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of March.
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 Minneapolis.
For example, the median home price in Minneapolis is $328,200, with tax bills ranging significantly across the county. 55424 has the highest median home price at $896,400.
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55401 | $18,000 | $26,000 | $226,000 | $385,000 | $621,800 |
| 55402 | $214,000 | $347,000 | $501,000 | $602,000 | $671,000 |
| 55403 | $11,000 | $16,500 | $162,000 | $372,000 | $834,000 |
| 55404 | $94,000 | $166,000 | $245,000 | $336,000 | $452,000 |
| 55405 | $211,000 | $311,000 | $453,000 | $685,000 | $1,034,600 |
| 55406 | $219,000 | $271,000 | $324,000 | $389,000 | $477,000 |
| 55407 | $166,000 | $238,000 | $300,000 | $356,000 | $412,000 |
| 55408 | $83,000 | $170,000 | $320,000 | $458,000 | $617,000 |
| 55409 | $193,000 | $260,000 | $355,000 | $460,000 | $565,200 |
| 55410 | $313,600 | $417,000 | $538,000 | $733,500 | $1,021,400 |
| 55411 | $148,000 | $181,000 | $225,000 | $273,000 | $321,000 |
| 55412 | $143,000 | $176,250 | $214,000 | $254,000 | $300,000 |
| 55413 | $20,500 | $222,000 | $336,000 | $422,000 | $517,000 |
| 55414 | $24,100 | $208,000 | $318,000 | $440,250 | $596,000 |
| 55415 | $22,000 | $23,000 | $29,000 | $406,000 | $655,200 |
| 55416 | $13,800 | $247,700 | $379,600 | $556,325 | $799,410 |
| 55417 | $229,000 | $294,000 | $358,000 | $442,000 | $523,000 |
| 55418 | $234,000 | $282,000 | $332,400 | $388,000 | $453,000 |
| 55419 | $301,000 | $366,000 | $458,000 | $608,000 | $784,000 |
| 55420 | $234,920 | $276,700 | $305,300 | $333,800 | $377,720 |
| 55421 | $213,000 | $251,500 | $270,000 | $314,000 | $348,000 |
| 55422 | $217,200 | $263,775 | $309,500 | $386,400 | $522,000 |
| 55423 | $232,000 | $283,700 | $312,800 | $349,200 | $396,400 |
| 55424 | $496,160 | $623,700 | $896,400 | $1,292,000 | $1,701,420 |
| 55425 | $8,500 | $180,800 | $295,000 | $335,400 | $381,820 |
| 55426 | $221,500 | $287,200 | $336,650 | $399,600 | $503,670 |
| 55427 | $246,590 | $298,600 | $335,600 | $382,100 | $450,110 |
| 55428 | $214,500 | $250,875 | $280,000 | $313,500 | $354,090 |
| 55429 | $215,100 | $246,000 | $266,300 | $289,500 | $318,000 |
| 55430 | $179,000 | $214,000 | $244,000 | $277,300 | $313,200 |
| 55431 | $263,300 | $312,100 | $347,500 | $391,675 | $450,300 |
| 55435 | $3,700 | $108,800 | $198,550 | $523,125 | $729,500 |
| 55436 | $3,700 | $265,000 | $554,500 | $824,525 | $1,272,090 |
| 55437 | $208,800 | $303,000 | $377,600 | $450,325 | $552,640 |
| 55438 | $188,300 | $254,600 | $412,300 | $517,500 | $662,400 |
| 55439 | $226,500 | $440,000 | $589,700 | $773,525 | $1,047,650 |
| 55441 | $203,590 | $323,250 | $409,350 | $516,000 | $658,210 |
| 55442 | $174,400 | $332,875 | $425,000 | $506,000 | $618,280 |
| 55443 | $235,600 | $282,300 | $353,300 | $441,550 | $521,600 |
| 55444 | $222,000 | $277,400 | $305,400 | $333,800 | $367,600 |
| 55445 | $178,200 | $274,950 | $331,600 | $400,750 | $570,300 |
| 55446 | $269,280 | $364,300 | $546,400 | $721,800 | $876,940 |
| 55447 | $253,140 | $333,400 | $442,000 | $571,100 | $710,760 |
| 55454 | $103,000 | $130,000 | $183,000 | $258,500 | $339,000 |
Property Tax Bills Across Minneapolis, Hennepin County, Minnesota
Property tax bills in Minneapolis are based on the assessed value of a home and the local tax rate set by Hennepin County and other taxing authorities. When a property’s market value rises, the assessed value can increase too, which may lead to a higher tax bill. Homeowners may also see differences based on exemptions, neighborhood, and the taxing districts that apply to their property.
With a median home price of $328,200, property taxes can be a significant expense for Minneapolis homeowners. The 25th percentile tax bill is $3,275, while the 75th percentile is $5,820 and the 90th percentile reaches $8,354. That is well above the national median property tax bill of $2,400, showing how local tax burdens can vary widely. In some parts of the city, the median tax bill is as high as $12,088 in ZIP code 55424, while ZIP code 55415 has a median bill of just $464.
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55401 | $235 | $352 | $2,855 | $5,023 | $8,478 |
| 55402 | $2,793 | $4,564 | $6,593 | $8,158 | $9,341 |
| 55403 | $144 | $215 | $2,404 | $5,517 | $12,197 |
| 55404 | $1,172 | $2,130 | $3,234 | $4,783 | $6,514 |
| 55405 | $2,693 | $4,156 | $6,071 | $9,698 | $15,312 |
| 55406 | $2,737 | $3,492 | $4,246 | $5,206 | $6,543 |
| 55407 | $2,014 | $3,072 | $3,960 | $4,827 | $5,779 |
| 55408 | $1,031 | $2,088 | $4,266 | $6,409 | $9,052 |
| 55409 | $2,428 | $3,330 | $4,741 | $6,213 | $7,934 |
| 55410 | $3,929 | $5,445 | $7,216 | $10,345 | $14,868 |
| 55411 | $1,897 | $2,389 | $3,035 | $3,812 | $4,687 |
| 55412 | $1,736 | $2,213 | $2,745 | $3,374 | $4,188 |
| 55413 | $268 | $2,751 | $4,464 | $5,874 | $7,470 |
| 55414 | $315 | $2,637 | $4,257 | $6,110 | $8,731 |
| 55415 | $300 | $368 | $464 | $5,326 | $9,034 |
| 55416 | $180 | $3,298 | $5,087 | $7,589 | $11,477 |
| 55417 | $2,872 | $3,803 | $4,703 | $5,888 | $7,073 |
| 55418 | $2,963 | $3,681 | $4,459 | $5,626 | $7,074 |
| 55419 | $3,901 | $4,809 | $6,110 | $8,493 | $11,255 |
| 55420 | $2,663 | $3,245 | $3,622 | $4,058 | $4,727 |
| 55421 | $3,065 | $3,396 | $3,788 | $4,580 | $5,500 |
| 55422 | $2,884 | $3,569 | $4,287 | $5,511 | $7,544 |
| 55423 | $3,014 | $3,827 | $4,285 | $4,858 | $5,582 |
| 55424 | $6,092 | $8,041 | $12,088 | $17,651 | $23,632 |
| 55425 | $102 | $1,987 | $3,470 | $4,037 | $4,680 |
| 55426 | $2,930 | $3,746 | $4,468 | $5,445 | $6,981 |
| 55427 | $3,327 | $4,123 | $4,767 | $5,572 | $6,609 |
| 55428 | $2,850 | $3,419 | $3,918 | $4,485 | $5,162 |
| 55429 | $2,940 | $3,463 | $3,855 | $4,296 | $4,852 |
| 55430 | $2,381 | $2,880 | $3,443 | $4,087 | $4,727 |
| 55431 | $3,093 | $3,714 | $4,198 | $4,803 | $5,507 |
| 55435 | $42 | $1,061 | $2,130 | $6,385 | $9,381 |
| 55436 | $41 | $2,892 | $7,138 | $10,903 | $16,850 |
| 55437 | $2,327 | $3,538 | $4,530 | $5,445 | $6,855 |
| 55438 | $2,110 | $2,978 | $4,996 | $6,327 | $8,423 |
| 55439 | $2,590 | $5,301 | $7,366 | $10,086 | $14,056 |
| 55441 | $2,184 | $3,541 | $4,586 | $5,809 | $7,644 |
| 55442 | $1,803 | $3,719 | $4,872 | $5,809 | $7,316 |
| 55443 | $3,092 | $3,747 | $4,777 | $6,011 | $7,118 |
| 55444 | $2,674 | $3,445 | $3,913 | $4,357 | $4,890 |
| 55445 | $2,393 | $3,663 | $4,582 | $5,625 | $7,746 |
| 55446 | $2,929 | $3,978 | $6,039 | $8,311 | $10,268 |
| 55447 | $2,604 | $3,551 | $4,798 | $6,312 | $8,105 |
| 55454 | $1,056 | $1,564 | $2,251 | $3,295 | $4,506 |
Don't miss the deadline to appeal!
| Dates | |
|---|---|
| Appeal Deadline | April 30 |
Frequently Asked Property Tax Questions in Minneapolis, Minnesota
How are property taxes calculated in Minneapolis, Minnesota?
Property taxes in Minneapolis, Minnesota are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.
How do I appeal my property taxes in Minneapolis, Minnesota?
To appeal your property taxes in Minneapolis, Minnesota, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.
What property tax exemptions are available in Minneapolis, Minnesota?
Common property tax exemptions in Minneapolis, Minnesota include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district for details specific to your property.
When are property taxes due in Minneapolis, Minnesota?
Property tax deadlines in Minneapolis, Minnesota vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.
How can Ownwell help reduce my property taxes in Minneapolis, Minnesota?
Ownwell provides professional property tax appeal services in Minneapolis, Minnesota. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.