Spring Park, Hennepin County, Minnesota Property Taxes

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Property Taxes in Spring Park, Minnesota

Median Spring Park, Minnesota effective property tax rate: 1.04%, significantly lower than the national median of 1.02%, and lower than the Minnesota state median of 1.13%.
Median Spring Park, Minnesota home value: $585,050
Median annual Spring Park, Minnesota tax bill: $6,090, higher than the national median property tax bill of $2,400.

How are property taxes in Hennepin calculated?

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

Last Updated April 13, 2026

Spring Park, Hennepin County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.04%

Estimate Property Tax Bill

$6,085

$5,646

How Does the Spring Park Property Tax Calculator Work?

Use this Spring Park property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Spring Park's median effective tax rate of 1.04% — 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 Spring Park'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 Spring Park: rates range from 1.04% in 55384 to 1.04% in 55384, 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 Spring Park.

About Spring Park Property Taxes

About Property Taxes in Spring Park, Hennepin, Minnesota

Spring Park's median effective property tax rate of 1.04% is lower 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 Spring Park. Homeowners in the 55384 ZIP code carry a median effective rate of 1.04%, while those in the same ZIP pay 1.04%. This spread reflects how school district boundaries and local assessment districts are drawn across Hennepin County. Understanding which part of Spring Park you live in can make a meaningful difference to your annual tax bill.

Spring Park 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 Spring Park, 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 Spring Park'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 Spring Park, 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 Spring Park Tax Rate

1.04%

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 Spring Park, Hennepin County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55384	0.99%	1.01%	1.04%	1.11%	1.15%

Source: Ownwell

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

When examining property taxes in Spring Park, 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 Spring Park.

For example, the median home price in Spring Park is $585,050, with tax bills ranging significantly across the county. 55384 has the highest median home price at $585,050.

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

Source: Ownwell

$6,500

$676,450

$1,346,400

Median Spring Park Market Value

$585,050

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 Spring Park, Hennepin County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55384	$269,860	$408,875	$585,050	$879,150	$1,267,210

Source: Ownwell

Property Tax Bills Across Spring Park, Hennepin County, Minnesota

Property tax bills in Spring Park are calculated by applying the local tax rate to a home’s assessed market value, then adjusting for exemptions, levies, and other local factors. With a median home price of $585,050, homeowners in the city often face bills that are well above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%.

The amount a homeowner pays depends on how the property is assessed, the tax rates set by local taxing authorities, and whether any exemptions reduce the taxable value. In Spring Park, the median property tax bill is $6,090, showing how quickly taxes can add up in a high-value market.

For homeowners, this means property taxes can have a major impact on monthly housing costs and overall affordability. Bills in the city range from $4,122 at the 25th percentile to $9,796 at the 75th percentile, with the 90th percentile reaching $14,571.

Property Tax Bills Across Spring Park, Hennepin County, Minnesota

Source: Ownwell

$78

$7,867

$15,656

Median Spring Park Tax Bill

$6,090

Median Hennepin County Tax Bill

$4,551

Median Minnesota Tax Bill

$3,364

Median United States Tax Bill

$2,400

Property Tax Bills Across Spring Park, Hennepin County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55384	$2,643	$4,122	$6,090	$9,796	$14,571

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 Spring Park, Minnesota

How are property taxes calculated in Spring Park, Minnesota?

Property taxes in Spring Park, 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 Spring Park, Minnesota?

To appeal your property taxes in Spring Park, 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 Spring Park, Minnesota?

Common property tax exemptions in Spring Park, 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 Spring Park, Minnesota?

Property tax deadlines in Spring Park, 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 Spring Park, Minnesota?

Ownwell provides professional property tax appeal services in Spring Park, 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.