Property owners in Hennepin County paid 1.2% of the value of their homes in property taxes in the first quarter of 2022, which is more than 1.1 times the national average, according to the real estate analysis posted by the North Hennepin News.
The median sales price of a Hennepin County home in the first quarter of 2022 was $350,000, based on data from the 3,061 properties sold during that time. In 2021 the median tax bill for the county was $4,220, which is 1.2% of the median value of the homes that were taxed.
This is 1.1 times higher than the average effective property tax rate of 1.11% in the U.S. in 2023.
The analysis of Hennepin County real estate data showed homeowners in Excelsior and Long Lake paid the highest rates.
The following table compares Excelsior with some other cities belonging to Hennepin County by their median effective property tax rate, calculated using sales and property tax data from the first quarter of 2022.
| City | Q1 2022 Sales | Q1 2022 Median Price | Median tax 2022 | Effective tax rate |
|---|---|---|---|---|
| Excelsior | 3 | $450,000 | $8,145 | 1.8% |
| Long Lake | 3 | $246,500 | $4,149 | 1.7% |
| Greenfield | 7 | $342,700 | $5,405 | 1.6% |
| Hopkins | 27 | $320,000 | $5,122 | 1.6% |
| Minneapolis | 1,094 | $318,000 | $4,439 | 1.4% |
| St. Anthony | 11 | $475,000 | $6,441 | 1.4% |
| Golden Valley | 53 | $419,345 | $5,595 | 1.3% |
| Crystal | 83 | $279,000 | $3,747 | 1.3% |
| Corcoran | 8 | $394,950 | $5,172 | 1.3% |
| New Hope | 55 | $335,000 | $4,478 | 1.3% |
| Independence | 7 | $449,500 | $6,039 | 1.3% |
| St. Louis Park | 128 | $357,500 | $4,638 | 1.3% |
| Brooklyn Park | 262 | $320,000 | $3,830 | 1.2% |
| Bloomington | 180 | $342,500 | $4,090 | 1.2% |
| Rogers | 24 | $412,450 | $4,939 | 1.2% |
| Maple Plain | 6 | $358,500 | $4,282 | 1.2% |
| Robbinsdale | 70 | $302,500 | $3,642 | 1.2% |
| Richfield | 96 | $330,500 | $3,936 | 1.2% |
| Brooklyn Center | 99 | $275,000 | $3,403 | 1.2% |
| Hanover | 3 | $424,900 | $5,300 | 1.2% |
| Osseo | 2 | $301,500 | $3,570 | 1.2% |
| Loretto | 1 | $365,000 | $4,241 | 1.2% |
| Plymouth | 143 | $452,000 | $4,982 | 1.1% |
| Maple Grove | 149 | $390,000 | $4,350 | 1.1% |
| Shorewood | 15 | $575,000 | $6,511 | 1.1% |
| Eden Prairie | 98 | $466,500 | $5,213 | 1.1% |
| Orono | 30 | $712,500 | $7,537 | 1.1% |
| Minnetonka | 96 | $497,500 | $5,302 | 1.1% |
| Dayton | 11 | $490,000 | $4,711 | 1% |
| Mound | 28 | $336,000 | $3,422 | 1% |
| Edina | 134 | $772,500 | $7,831 | 1% |
| Champlin | 56 | $360,000 | $3,692 | 1% |
| Tonka Bay | 5 | $710,000 | $6,844 | 1% |
| Minnetrista | 31 | $573,330 | $5,167 | 0.9% |
| Medina | 15 | $772,000 | $7,080 | 0.9% |
| Deephaven | 11 | $1,193,000 | $8,520 | 0.7% |
| Medicine Lake | 1 | $1,700,000 | $11,376 | 0.7% |
| Wayzata | 14 | $1,525,000 | $8,971 | 0.6% |
