What Hennepin County property tax looks like
Among the 30 counties covered here, Hennepin County has the 12th highest effective rate and the 14th highest median bill. Every $100,000 of value carries about $1,152 of tax a year at this rate.
On a $400,000 purchase that comes to roughly $4,608 a year, or $384 a month. Priced at the Minnesota average rate instead, the same home would cost $37 a month less in tax.
Minnesota taxes Estimated Market Value; Hennepin County mails valuation notices in the spring and proposed-tax notices in November, and bills are paid in two halves, due May 15 and October 15.
Example monthly payment at the median home value
Borrowing $301,200 against a $376,500 Hennepin County home (20% down, 6.5% for 30 years, illustrative rather than quoted) works out as follows.
| Component | Per month |
|---|---|
| Principal and interest | $1,904 |
| Property tax | $361 |
| Homeowners insurance | $150 |
| Mortgage insurance (PMI) | $0 |
| Total | $2,415 |
Property tax is 15.0% of the $2,415 total, so a lender escrowing it would set aside about $361 each month toward the Hennepin County bill.
How reliable this figure is
For Hennepin County the Census Bureau reports a 90% margin of error of ±$28 on the $4,337 median tax and ±$1,933 on the $376,500 median value, so the 1.152% rate is a county-wide average rather than the rate on any one bill.
These medians describe today's owners, not today's buyers. How Minnesota values and caps a home, including what resets on sale, is set out on the Minnesota page.
Counties with a similar rate
Frequently asked questions
What is the property tax rate in Hennepin County, MN?
The effective rate is 1.152%, which is the median real estate tax paid ($4,337) divided by the median home value ($376,500) in the Census Bureau's 2019-2023 estimates.
How much is property tax on a $400,000 home in Hennepin County?
At this county's effective rate the figure is about $4,608 a year, or $384 a month. That is $37 a month more than the Minnesota average rate of 1.04% would give on the same price.
How much of a Hennepin County monthly mortgage payment is property tax?
On a $376,500 home with 20% down at 6.5% over 30 years, property tax is about $361 of a $2,415 total monthly payment, or 15.0%.
Is property tax in Hennepin County high compared with the rest of Minnesota?
Hennepin County's 1.152% is 0.11 percentage points above the 1.04% Minnesota average, and its $4,337 median bill ranks 14th of the 30 counties covered here, with the rate ranking 12th.
Source and method
Census American Community Survey, ACS 2019-2023 5-year estimates, released December 2024. For Hennepin County: B25103 median tax $4,337, B25077 median value $376,500, B25003 336,521 owner-occupied homes. Formulas are on the methodology page; every result is an estimate, not a quote or tax advice.