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Minneapolis Review

Tuesday, September 9, 2025

Effective property tax rate in Hennepin County outpaced the national average in Q2

Webp realestate4

Property owners in Hennepin County paid 1.2% of the value of their homes in property taxes in the second quarter of 2025, which is more than 1.1 times the national average, according to the real estate analysis posted by Minneapolis Review.

The median sales price of a Hennepin County home in the second quarter of 2025 was $413,750, based on data from the 3,381 properties sold during that time. In 2025, the median tax bill for the county was $4,938, 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 Greenwood, Spring Park, and Loretto paid the highest rates.

The above article calculates the effective property tax rate for 2025 using estimated inflation values and 2024 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

The U.S. housing market has surged in recent years, with its total value approaching $50 trillion in 2024—nearly five times its value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.

The following table compares Greenwood with some other cities belonging to Hennepin County by their median effective property tax rate, calculated using sales and property tax data from the second quarter of 2025.

CityQ2 2025 SalesQ2 2025 Median PriceMedian tax 2025Effective tax rate
Greenwood2$450,000$13,9323.1%
Spring Park3$415,000$8,5342.1%
Loretto2$255,000$4,8331.9%
Golden Valley56$436,250$6,1211.4%
Osseo8$328,500$4,7201.4%
St. Anthony19$490,000$6,8871.4%
Crystal78$317,250$4,1971.3%
New Hope60$363,500$4,8061.3%
Maple Plain9$336,000$4,3001.3%
Robbinsdale56$320,000$4,1231.3%
Brooklyn Center86$299,950$3,9331.3%
Minneapolis1,025$375,000$4,6701.2%
Brooklyn Park190$350,000$4,3511.2%
Rogers30$472,500$5,5011.2%
St. Louis Park153$415,000$5,0651.2%
Hopkins40$443,000$5,4331.2%
Richfield104$389,500$4,4951.2%
Bloomington212$394,000$4,4201.1%
Maple Grove219$430,000$4,9201.1%
Mound37$375,000$3,9521.1%
Eden Prairie147$515,000$5,6671.1%
Edina153$825,000$8,8601.1%
Champlin65$401,000$4,2631.1%
Deephaven13$1,015,000$10,0031%
Plymouth227$510,000$5,3001%
Shorewood26$740,000$7,5621%
Minnetonka168$554,013$5,7821%
Wayzata22$945,000$9,5701%
Minnetrista26$617,500$5,6170.9%
Excelsior12$1,070,000$9,4300.9%
Greenfield13$765,000$5,8800.8%
Independence15$800,000$6,2540.8%
Dayton12$646,850$4,6890.7%
Medina20$1,017,500$7,5880.7%
Orono42$1,235,625$8,8870.7%
Tonka Bay7$1,250,000$8,1630.7%
Woodland2$1,765,000$13,1070.7%
Corcoran12$880,000$5,6220.6%
Long Lake6$732,500$4,6160.6%

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