Hopkins, Hennepin County, Minnesota Property Taxes

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Property Taxes in Hopkins, Minnesota

Median Hopkins, Minnesota effective property tax rate: 1.19%, significantly higher than the national median of 1.02%, and higher than the Minnesota state median of 1.13%.
Median Hopkins, Minnesota home value: $360,500
Median annual Hopkins, Minnesota tax bill: $4,664, higher than the national median property tax bill of $2,400.

How are property taxes in Hennepin calculated?

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

Last Updated April 13, 2026

Hopkins, Hennepin County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.19%

Estimate Property Tax Bill

$4,290

$3,981

How Does the Hopkins Property Tax Calculator Work?

Use this Hopkins property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Hopkins's median effective tax rate of 1.19% — based on actual property records in Hennepin County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local appraisal 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 Hopkins'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 Hopkins: rates range from $4,331 in 55343 to $5,047 in 55305, primarily due to differences in school district levies and local assessment districts. Hopkins's median tax rate is higher than the Minnesota median tax rate of 1.13%, and the median tax bill is higher than the state median tax bill by $2,264.

For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Hopkins.

About Hopkins Property Taxes

About Property Taxes in Hopkins, Hennepin, Minnesota

Hopkins’s median effective property tax rate of 1.19% is higher than the Minnesota state median of 1.13% and higher than the national median of 1.02%. This rate reflects the Hennepin 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 Hopkins. Homeowners in the 55343 ZIP code carry a median effective rate of 1.33%, while those in 55305 pay 1.18%. This spread — 0.15 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Hennepin County. Understanding which part of Hopkins you live in can make a meaningful difference to your annual tax bill.

Hopkins 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 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 Hopkins, Hennepin 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 Hopkins's effective property tax rate to other cities in Minnesota and the median property tax rates in Minnesota and the U.S.

Property Tax Rates Across Hopkins, Hennepin County, Minnesota

Source: Ownwell

0.77%

1.10%

1.42%

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 Hopkins Tax Rate

1.19%

Median Effective Hennepin County Tax Rate

1.26%

Median Effective Minnesota Tax Rate

1.13%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Hopkins, Hennepin County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55305	1.13%	1.17%	1.18%	1.24%	1.32%
55343	1.11%	1.16%	1.33%	1.45%	1.54%
55317	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Hopkins, Hennepin County, Minnesota

When examining property taxes in Hopkins, 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 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.

Assessment notices:

In Hennepin County, assessment notices are sent in the spring 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 Hopkins.

For example, the median home price in Hopkins is $360,500, with tax bills ranging significantly across the county. 55305 has the highest median home price at $426,200.

Property Tax Assessment Values Across Hopkins, Hennepin County, Minnesota

Source: Ownwell

$6,500

$676,450

$1,346,400

Median Hopkins Market Value

$360,500

Median Hennepin County Market Value

$355,200

Median Minnesota Market Value

$304,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Hopkins, Hennepin County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55305	$184,100	$281,000	$426,200	$580,200	$831,840
55343	$119,000	$212,900	$325,100	$417,000	$585,600
55317	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Hopkins, Hennepin County, Minnesota

Property tax bills in Hopkins are calculated by applying the local tax rate to a home’s assessed market value, then adjusting for exemptions, levies, and other local taxing authorities. The assessed value is a key factor because it determines how much of the tax burden a homeowner carries. When market values rise, tax bills can increase even if the tax rate stays the same.

The median home price in Hopkins is $360,500, and the city’s tax bills vary widely. The 25th percentile tax bill is $2,986, while the 75th percentile is $6,198 and the 90th percentile reaches $9,420. That spread shows how different home values and local assessments can affect what homeowners pay.

For many homeowners, property taxes are one of the largest ongoing housing costs. A higher assessed value can mean a higher bill, which makes it important to understand how local assessments and tax rates work together in Hopkins.

Property Tax Bills Across Hopkins, Hennepin County, Minnesota

Source: Ownwell

$78

$7,867

$15,656

Median Hopkins Tax Bill

$4,664

Median Hennepin County Tax Bill

$4,551

Median Minnesota Tax Bill

$3,364

Median United States Tax Bill

$2,400

Property Tax Bills Across Hopkins, Hennepin County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55305	$1,977	$3,266	$5,047	$7,156	$11,012
55343	$1,592	$2,693	$4,331	$5,656	$7,757
55317	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
Hennepin Tax Assessor
Website	www16.co.hennepin.mn.us

Frequently Asked Property Tax Questions in Hopkins, Minnesota

How are property taxes calculated in Hopkins, Minnesota?

Property taxes in Hopkins, Minnesota are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.

How do I appeal my property taxes in Hopkins, Minnesota?

To appeal your property taxes in Hopkins, Minnesota, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.

What property tax exemptions are available in Hopkins, Minnesota?

Common property tax exemptions in Hopkins, Minnesota include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.

When are property taxes due in Hopkins, Minnesota?

Property tax deadlines in Hopkins, Minnesota vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.

How can Ownwell help reduce my property taxes in Hopkins, Minnesota?

Ownwell provides professional property tax appeal services in Hopkins, Minnesota. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.