Plymouth, Hennepin County, Minnesota Property Taxes
Property Taxes in Plymouth, Minnesota
Median Plymouth, Minnesota effective property tax rate: 1.24%, significantly higher than the national median of 1.02%, and higher than the Minnesota state median of 1.13%.
Median Plymouth, Minnesota home value: $824,950
Median annual Plymouth, Minnesota tax bill: $10,207, $7,807 higher than the national median property tax bill of $2,400.
How are property taxes in Hennepin calculated?
Property taxes in Plymouth, 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 Plymouth's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Plymouth, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Plymouth, Hennepin County, Minnesota Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.24%
Estimate Property Tax Bill
$10,229
$9,493
How Does the Plymouth Property Tax Calculator Work?
Use this Plymouth property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Plymouth's median effective tax rate of 1.24% — based on actual property records in Hennepin County — to generate your estimate.
Enter your property's estimated assessed value — the figure used to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Plymouth'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 Plymouth: rates range from 1.24% in 55442 to 1.24% in 55442, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Plymouth.
About Plymouth Property Taxes
About Property Taxes in Plymouth, Hennepin, Minnesota
Plymouth’s median effective property tax rate of 1.24% 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 Plymouth. Homeowners in the 55442 ZIP code carry a median effective rate of 1.24%, while those in the same ZIP also pay 1.24%. This spread reflects how school district boundaries and local assessment districts are drawn across Hennepin County. Understanding which part of Plymouth you live in can make a meaningful difference to your annual tax bill.
Plymouth homeowners who believe their assessed value is too high can file a formal appeal with the 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 Plymouth, 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 Plymouth'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 Plymouth Tax Rate
1.24%
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
1.13%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Plymouth, Hennepin County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55442 | 1.14% | 1.21% | 1.24% | 1.27% | 1.27% |
| 55446 | N/A | N/A | N/A | N/A | N/A |
| 55447 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Plymouth, Hennepin County, Minnesota
When examining property taxes in Plymouth, 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 Plymouth.
For example, the median home price in Plymouth is $824,950, with tax bills ranging significantly across the county. 55442 has the highest median home price at $865,900.
Property Tax Assessment Values Across Plymouth, Hennepin County, Minnesota
Source: Ownwell
$6,500
$676,450
$1,346,400
Median Plymouth Market Value
$824,950
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 Plymouth, Hennepin County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55442 | $372,120 | $710,550 | $865,900 | $1,087,475 | $1,112,120 |
| 55446 | N/A | N/A | N/A | N/A | N/A |
| 55447 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Plymouth, Hennepin County, Minnesota
Property tax bills in Plymouth are calculated by applying the local tax rate to a home’s assessed value, which is based on its market value. For homeowners, that means the bill is tied to what the property is worth rather than what was paid for it. Local taxing authorities use the assessed value to determine how much each property owes, so changes in market conditions can affect the final bill.
With a median home price of $824,950, property taxes can be substantial. The median tax bill in the area is $10,770, and bills commonly range from $6,516 at the 25th percentile to $13,458 at the 75th percentile, with the 90th percentile reaching $14,085. These amounts are well above the national median property tax bill of $2,400, which can make annual housing costs significantly higher for Plymouth homeowners.
Median Plymouth Tax Bill
$10,207
Median Hennepin County Tax Bill
$4,551
Median Minnesota Tax Bill
$3,364
Median United States Tax Bill
$2,400
Property Tax Bills Across Plymouth, Hennepin County, Minnesota
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 55442 | $4,236 | $8,637 | $10,770 | $13,812 | $14,150 |
| 55446 | N/A | N/A | N/A | N/A | N/A |
| 55447 | 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 |