Hennepin County, Minnesota property tax
The median homeowner in Hennepin County, Minnesota pays $4,337 a year in property tax on a home worth $376,500, an effective rate of 1.15%. The national effective rate is 0.98%.
What the rate means here
At 1.15%, Hennepin County taxes property more heavily than the country as a whole, which sits at 0.98%. Both the rate and the house are above national. That is the expensive combination, and the $4,337 median bill reflects it.
It ranks #8 of 83 Minnesota counties by effective rate, against a statewide 1.04%, and #762 nationally. The state runs from 1.24% in Ramsey County down to 0.57% in Aitkin County.
The median home costs 3.91 times the median household income of $96,339, close to the national 3.86. Incomes here run above the national median, which is what keeps that ratio ordinary despite the house prices. With 1,268,903 residents this is one of the larger counties in the country, so the medians here average across a genuinely varied housing market and hide a lot of local range.
The rate is derived rather than quoted. How and why.
What that costs at different home values
Arithmetic at the county effective rate, before any exemption or assessment cap.
Housing and income
| Hennepin County | Minnesota | United States | |
|---|---|---|---|
| Effective property tax | 1.15% | 1.04% | 0.98% |
| Median tax bill | $4,337 | $3,184 | $2,969 |
| Median home value | $376,500 | $305,500 | $303,400 |
| Median gross rent | $1,439 | $1,235 | $1,348 |
| Median household income | $96,339 | $87,556 | $78,538 |
| Home price to income | 3.91× | 3.49× | 3.86× |
| Rent as share of income | 17.92% | 16.93% | 20.6% |
| Owner-occupied | 62.95% | 72.39% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 1,268,903.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| Ramsey County | 1.24% | $3,767 | $304,900 |
| Dakota County | 1.00% | $3,610 | $362,100 |
| Anoka County | 0.95% | $3,099 | $325,800 |
| Washington County | 1.00% | $4,012 | $400,900 |
| St. Louis County | 1.03% | $2,142 | $208,500 |
Hennepin County property tax: common questions
What is the property tax rate in Hennepin County, Minnesota?
The effective rate is 1.15% of home value, from a median tax bill of $4,337 against a median home value of $376,500. That is 0.17 points above the national 0.98%.
How much is property tax on a $400,000 home in Hennepin County?
Roughly $4,600 a year at the county effective rate of 1.15%.
Is Hennepin County expensive compared with the rest of Minnesota?
It ranks #8 of 83 Minnesota counties by effective property tax rate, and #762 of 2,826 nationally. That is 0.11 points above the Minnesota average of 1.04%.
What does housing cost in Hennepin County?
The median home is worth $376,500 and median gross rent is $1,439 a month. Median household income is $96,339, which puts the home at 3.91 times annual income and rent at 17.92% of it.