The median sales price of a Hennepin County home in the fourth quarter of 2022 was $350,000, based on data from the 3,092 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 Wayzata 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 fourth quarter of 2022.
| City | Q4 2022 Sales | Q4 2022 Median Price | Median tax 2022 | Effective tax rate |
|---|---|---|---|---|
| Excelsior | 6 | $367,500 | $8,145 | 2.2% |
| Wayzata | 9 | $520,000 | $8,971 | 1.7% |
| Deephaven | 8 | $548,000 | $8,520 | 1.6% |
| Maple Plain | 4 | $270,000 | $4,282 | 1.6% |
| Woodland | 3 | $680,000 | $10,979 | 1.6% |
| St. Anthony | 11 | $400,000 | $6,441 | 1.6% |
| Minneapolis | 994 | $300,000 | $4,439 | 1.5% |
| Golden Valley | 54 | $405,000 | $5,595 | 1.4% |
| New Hope | 46 | $313,500 | $4,478 | 1.4% |
| Hopkins | 33 | $360,000 | $5,122 | 1.4% |
| Crystal | 90 | $280,000 | $3,747 | 1.3% |
| St. Louis Park | 113 | $368,000 | $4,638 | 1.3% |
| Robbinsdale | 51 | $280,000 | $3,642 | 1.3% |
| Richfield | 101 | $309,900 | $3,936 | 1.3% |
| Brooklyn Center | 104 | $266,405 | $3,403 | 1.3% |
| Greenwood | 1 | $950,000 | $12,357 | 1.3% |
| Loretto | 2 | $320,000 | $4,241 | 1.3% |
| Brooklyn Park | 212 | $315,000 | $3,830 | 1.2% |
| Bloomington | 192 | $350,000 | $4,090 | 1.2% |
| Plymouth | 181 | $425,000 | $4,982 | 1.2% |
| Maple Grove | 190 | $365,500 | $4,350 | 1.2% |
| Rogers | 28 | $410,500 | $4,939 | 1.2% |
| Edina | 123 | $650,000 | $7,831 | 1.2% |
| Independence | 10 | $487,000 | $6,039 | 1.2% |
| Minnetonka | 129 | $452,000 | $5,302 | 1.2% |
| Long Lake | 3 | $350,000 | $4,149 | 1.2% |
| Osseo | 8 | $294,900 | $3,570 | 1.2% |
| Minnetrista | 35 | $487,500 | $5,167 | 1.1% |
| Corcoran | 17 | $479,000 | $5,172 | 1.1% |
| Eden Prairie | 142 | $464,800 | $5,213 | 1.1% |
| Champlin | 47 | $350,000 | $3,692 | 1.1% |
| Shorewood | 26 | $680,000 | $6,511 | 1% |
| Dayton | 17 | $487,500 | $4,711 | 1% |
| Mound | 39 | $340,000 | $3,422 | 1% |
| Medina | 20 | $707,500 | $7,080 | 1% |
| Hanover | 2 | $612,400 | $5,300 | 0.9% |
| Orono | 24 | $955,000 | $7,537 | 0.8% |
| Medicine Lake | 2 | $1,514,000 | $11,376 | 0.8% |
| Spring Park | 4 | $887,500 | $5,829 | 0.7% |
| Greenfield | 7 | $899,000 | $5,405 | 0.6% |
| Tonka Bay | 4 | $2,736,000 | $6,844 | 0.3% |
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