Minneapolis, Anoka County, Minnesota Property Taxes
Property Taxes in Minneapolis, Minnesota
Median Minneapolis, Minnesota effective property tax rate: 1.05%, slightly lower than the national median of 1.02%, and lower than the Minnesota state median of 1.13%.
Median Minneapolis, Minnesota home value: $308,200
Median annual Minneapolis, Minnesota tax bill: $3,405, higher than the national median property tax bill of $2,400.
How are property taxes in Anoka calculated?
Property taxes in Minneapolis, Minnesota are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Minneapolis's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Minneapolis, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Minneapolis, Anoka County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.05%
Estimate Property Tax Bill
$3,236
$3,003
How Does the Minneapolis Property Tax Calculator Work?
Use this Minneapolis property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Minneapolis's median effective tax rate of 1.05% — based on actual property records in Anoka County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Minneapolis's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Minneapolis: median tax bills range from $3,016 in 55433 to $4,387 in 55449, primarily due to differences in school district levies and local assessment districts. Minneapolis's median effective tax rate is lower than the Minnesota state median tax rate of 1.13%, but the median tax bill of $3,405 is $1,005 higher than the state median tax bill.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Minneapolis.
About Minneapolis Property Taxes
About Property Taxes in Minneapolis, Anoka, Minnesota
Minneapolis’s median effective property tax rate of 1.05% is lower than the Minnesota state median of 1.13% and higher than the national median of 1.02%. This rate reflects the Anoka County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Minneapolis. Homeowners in the 55421 ZIP code carry a median effective rate of 1.34%, while those in 55434 pay 1.01%. This spread — 0.33 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Anoka County. Understanding which part of Minneapolis you live in can make a meaningful difference to your annual tax bill.
Minneapolis homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the April 30, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Minneapolis, Anoka County, Minnesota
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Minneapolis's effective property tax rate to other cities in Minnesota and the median property tax rates in Minnesota and the U.S.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Minneapolis Tax Rate
1.05%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Anoka County Tax Rate
1.04%
Median Effective Minnesota Tax Rate
1.13%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Minneapolis, Anoka County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55421 | 1.14% | 1.28% | 1.34% | 1.41% | 1.47% |
| 55432 | 1.04% | 1.10% | 1.21% | 1.32% | 1.39% |
| 55433 | 0.95% | 0.99% | 1.01% | 1.06% | 1.14% |
| 55434 | 0.72% | 0.98% | 1.01% | 1.05% | 1.09% |
| 55448 | 0.96% | 0.99% | 1.03% | 1.08% | 1.13% |
| 55449 | 0.96% | 1.01% | 1.05% | 1.09% | 1.15% |
| 55411 | N/A | N/A | N/A | N/A | N/A |
| 55414 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Minneapolis, Anoka County, Minnesota
When examining property taxes in Minneapolis, Minnesota, understanding the distinction between "market value" and "assessed value" is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Anoka County assessor estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In Anoka County, assessment notices are sent in March each year. They'll typically reach your mailbox by the middle of March.
Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Minneapolis.
For example, the median home price in Minneapolis is $308,200, with tax bills ranging significantly across the county. ZIP code 55449 has the highest median home price at $424,000.
Property Tax Assessment Values Across Minneapolis, Anoka County, Minnesota
Source: Ownwell
$202,100
$390,500
$578,900
Median Minneapolis Market Value
$308,200
Median Anoka County Market Value
$339,700
Median Minnesota Market Value
$304,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Minneapolis, Anoka County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55421 | $125,080 | $233,400 | $276,800 | $313,500 | $357,160 |
| 55432 | $193,300 | $263,500 | $298,100 | $334,600 | $381,680 |
| 55433 | $209,600 | $248,600 | $292,400 | $333,000 | $373,500 |
| 55434 | $70,880 | $253,100 | $306,200 | $350,800 | $413,900 |
| 55448 | $214,200 | $265,200 | $316,800 | $370,600 | $434,900 |
| 55449 | $252,900 | $312,600 | $424,000 | $542,200 | $650,920 |
| 55411 | N/A | N/A | N/A | N/A | N/A |
| 55414 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Minneapolis, Anoka County, Minnesota
How are property tax bills calculated in Minneapolis?
Property tax bills in Minneapolis are based on the assessed value of a home and the local tax rate set by taxing authorities. When a property’s market value changes, the assessed value can change too, which affects the final bill. For a home with a median home price of $308,200, the amount owed can vary widely depending on location, exemptions, and local levies.
What factors affect the bill? The biggest drivers are the home’s assessed value, the tax rate, and any special assessments or exemptions that apply. In Anoka County, homeowners often see bills that differ from one neighborhood to another. The 25th percentile tax bill is $2,733, while the 75th percentile is $4,205, showing how much property taxes can rise for similar homes. At the high end, the 90th percentile reaches $5,316.
How does this affect homeowners? Higher assessed values usually mean higher tax bills, which can put pressure on monthly budgets. Minneapolis homeowners should review their assessment carefully, since even small changes can have a noticeable impact on what they pay each year.
Median Minneapolis Tax Bill
$3,405
Median Anoka County Tax Bill
$3,580
Median Minnesota Tax Bill
$3,364
Median United States Tax Bill
$2,400
Property Tax Bills Across Minneapolis, Anoka County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55421 | $1,450 | $3,007 | $3,686 | $4,266 | $4,981 |
| 55432 | $2,093 | $3,039 | $3,628 | $4,237 | $5,025 |
| 55433 | $2,053 | $2,504 | $3,016 | $3,508 | $4,043 |
| 55434 | $493 | $2,484 | $3,133 | $3,699 | $4,352 |
| 55448 | $2,109 | $2,678 | $3,299 | $3,962 | $4,664 |
| 55449 | $2,366 | $3,057 | $4,387 | $5,786 | $7,240 |
| 55411 | N/A | N/A | N/A | N/A | N/A |
| 55414 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 30 |
Links | |
|---|---|
| Anoka Tax Assessor | |
| Website | prtpublicweb.co.anoka.mn.us |