Brooklyn Park, Hennepin County, Minnesota Property Taxes

Name: Property Tax Bills Across Brooklyn Park, Hennepin County, Minnesota
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Brooklyn Park, MN effective property tax rate: 1.29%, significantly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Brooklyn Park, MN home value: $273,000
Median annual Brooklyn Park, MN tax bill: $3,468, $1,068 higher than the national median property tax bill of $2,400.

How are property taxes in Hennepin County calculated?

Property taxes in Brooklyn Park, MN 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 Brooklyn Park’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Brooklyn Park, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Brooklyn Park, Hennepin County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.29%

Estimate Property Tax Bill

$3,522

$3,268

Ownwell’s Brooklyn Park Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Brooklyn Park with just two data points. By entering your property's estimated assessed value, our calculator applies Brooklyn Park’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Hennepin County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Brooklyn Park, Hennepin County, Minnesota

Local government entities in Brooklyn Park, situated in Hennepin County, MN, set property tax rates that can vary significantly within the state. Each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

Brooklyn Park's effective property tax rate can be compared to other cities in Minnesota, as well as the median property tax rates in the state and across the U.S. The median property tax rate in Minnesota stands at 1.29%, which is higher than the national median of 1.02%. Brooklyn Park's rate is consistent with the state's figures, reflecting local budgeting needs and property values. This comparison highlights the importance of understanding local tax rates and how they influence property taxes, which can significantly impact homeowners.

Property Tax Rates Across Brooklyn Park, Hennepin County, Minnesota

Source: Ownwell

0.97%

1.21%

1.45%

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 Brooklyn Park Tax Rate

1.29%

Median Effective Hennepin County Tax Rate

1.26%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Brooklyn Park, Hennepin County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55428	1.24%	1.25%	1.26%	1.27%	1.57%
55429	N/A	N/A	N/A	N/A	N/A
55443	N/A	N/A	N/A	N/A	N/A
55444	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Brooklyn Park, Hennepin County, Minnesota

When examining property taxes in Brooklyn Park, MN, 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 Hennepin 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.

In Hennepin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Brooklyn Park. For example, the median home price in Brooklyn Park is $273,000, with tax bills ranging significantly across the county. Zip code 55428 has the highest median home price at $273,000.

Property Tax Assessment Values Across Brooklyn Park, Hennepin County, Minnesota

Source: Ownwell

$185,500

$510,700

$835,900

Median Brooklyn Park Market Value

$273,000

Median Hennepin County Market Value

$350,000

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Brooklyn Park, Hennepin County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55428	$229,600	$246,850	$273,000	$282,350	$293,200
55429	N/A	N/A	N/A	N/A	N/A
55443	N/A	N/A	N/A	N/A	N/A
55444	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Brooklyn Park, Hennepin County, Minnesota

Property tax bills in Brooklyn Park, located in Hennepin County, MN, are determined based on the assessed value of a property. The assessed value is a percentage of the property's market value, and the tax rate is applied to this assessed value to calculate the tax bill. Factors such as property improvements, neighborhood changes, and market trends can influence the assessed value, impacting the overall tax bill. In Brooklyn Park, homeowners face a median tax bill that can range significantly, with the 25th percentile at $3,085 and the 90th percentile reaching up to $5,798. This is notably higher than the national median property tax bill of $2,400. Such high property tax bills can place a financial strain on homeowners.

Ownwell offers valuable assistance by helping homeowners appeal their property tax assessments and explore exemption opportunities. By leveraging expert knowledge and local insights, Ownwell can help reduce the assessed value or secure exemptions, ultimately lowering the property tax burden for homeowners in Brooklyn Park.

Property Tax Bills Across Brooklyn Park, Hennepin County, Minnesota

Source: Ownwell

$2,303

$6,804

$11,304

Median Brooklyn Park Tax Bill

$3,468

Median Hennepin County Tax Bill

$4,453

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Brooklyn Park, Hennepin County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55428	$2,829	$3,079	$3,446	$3,683	$4,402
55429	N/A	N/A	N/A	N/A	N/A
55443	N/A	N/A	N/A	N/A	N/A
55444	N/A	N/A	N/A	N/A	N/A

Source: Ownwell