Hennepin County Property Tax Rate
Minnesota · 2023 Data
Hennepin County, Minnesota has an effective property tax rate of 1.15%, which is 21% higher than the national average of 0.95%. On a home valued at $376,500, homeowners pay approximately $4,337 per year in property taxes. Hennepin County ranks #8 out of 87 counties in Minnesota for property tax rates.
$4,337
Per year
$376,500
2023 estimate
4.5%
Median income: $96,339
#8
of 87 counties in MN
Tax Breakdown
With Mortgage
$4,357
median annual tax
Without Mortgage
$4,294
median annual tax
Homeowners with a mortgage in Hennepin County pay on average $63 more per year than those without. This difference often reflects how property tax escrow accounts in mortgaged homes capture the full tax obligation.
How Hennepin County Compares
Top Counties in Minnesota
Historical Property Tax Trends
| Year | Median Tax | Median Home Value | Effective Rate |
|---|---|---|---|
| 2019 | $3,505 | $276,900 | 1.27% |
| 2020 | $3,637 | $292,100 | 1.25% |
| 2021 | $3,800 | $309,200 | 1.23% |
| 2022 | $4,142 | $358,000 | 1.16% |
| 2023 | $4,337 | $376,500 | 1.15% |
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates
Minnesota Property Tax Exemptions
Available to Hennepin County homeowners
Homestead Market Value Exclusion
Up to $38,400 excluded; phases out for homes valued over $76,000
Primary residence owners
Property Tax Refund
Varies based on income and property taxes paid; up to $3,310
Homeowners with income under $128,280
Disabled Veteran
Up to $300,000 for 70%+ disability; $150,000 for lower ratings
Veterans with service-connected disability
Property Tax Calculator
Estimate your annual property tax in Hennepin County
Estimated Annual Property Tax
$3,450
$288/month · Rate: 1.15%
Nearby Counties
Quick Facts
Think your property tax is too high?
Homeowners save an average of $1,148/year by appealing their assessment.
Learn How to Appeal →Frequently Asked Questions
Data Source: U.S. Census Bureau, 2023 American Community Survey 5-Year Estimates. Effective tax rates are calculated by dividing median real estate taxes paid by median home value. Actual property tax rates may vary based on local taxing jurisdictions, exemptions, and assessment practices. This information is for general reference only and should not be used as a substitute for professional tax advice.