Delano, Hennepin County, Minnesota Property Taxes
Median Delano, MN effective property tax rate: 1.20%, significantly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Delano, MN home value: $396,000
Median annual Delano, MN tax bill: $5,093, $2,693 higher than the national median property tax bill of $2,400.
How are property taxes in Hennepin calculated?
Property taxes in Delano, 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 Delano’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Delano, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Delano, Hennepin County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.2%
Estimate Property Tax Bill
$4,752
$4,410
Property Tax Rates Across Delano, Hennepin County, Minnesota
Local government entities set tax rates, which can vary widely within a state. This variability is due to the annual process where each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the core process.
In Delano, within Hennepin County, the effective property tax rate is a key factor for homeowners. Delano's rate is on par with the state median, highlighting a consistency that might appeal to potential property buyers. Compared to the national median property tax rate of 1.02%, Delano's rate is slightly higher, which reflects the local government's budgetary needs and service offerings.
For homeowners, understanding these rates is crucial as they impact annual expenses. Delano offers a competitive tax environment within Minnesota, making it an attractive location for property investment. Whether you're a current homeowner or considering a move, keeping an eye on these rates can provide insights into future financial planning.
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 Delano Tax Rate
1.20%
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 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 Delano, Hennepin County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55328 | 1.16% | 1.20% | 1.20% | 1.27% | 2.02% |
Source: Ownwell
Property Tax Assessment Values Across Delano, Hennepin County, Minnesota
When examining property taxes in Delano, 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 Delano. For example, the median home price in Delano is $396,000, with tax bills ranging significantly across the county. Zip code 55328 has the highest median home price at $396,000.
Property Tax Assessment Values Across Delano, Hennepin County, Minnesota
Source: Ownwell
$185,500
$510,700
$835,900
Median Delano Market Value
$396,000
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 Delano, Hennepin County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55328 | $257,500 | $296,000 | $396,000 | $473,250 | $585,500 |
Source: Ownwell
Property Tax Bills Across Delano, Hennepin County, Minnesota
Median Delano Tax Bill
$5,093
Median Hennepin County Tax Bill
$4,453
Median Minnesota Tax Bill
$3,182
Median United States Tax Bill
$2,400
Property Tax Bills Across Delano, Hennepin County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55328 | $3,050 | $4,037 | $5,093 | $6,451 | $8,329 |
Source: Ownwell