Wayzata, Hennepin County, Minnesota Property Taxes

$774 avg. annual savings

No Upfront Costs

You only pay if we save

Property Taxes in Wayzata, Minnesota

Median Wayzata, Minnesota effective property tax rate: 1.13%, significantly higher than the national median of 1.02%, and equal to the Minnesota state median of 1.13%.
Median Wayzata, Minnesota home value: $831,400
Median annual Wayzata, Minnesota tax bill: $9,561, $7,161 higher than the national median property tax bill of $2,400.

How are property taxes in Hennepin calculated?

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

Last Updated April 13, 2026

Wayzata, Hennepin County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.13%

Estimate Property Tax Bill

$9,395

$8,718

How Does the Wayzata Property Tax Calculator Work?

Use this Wayzata property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Wayzata's median effective tax rate of 1.13% — based on actual property records in Hennepin County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local assessor uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Wayzata'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 Wayzata: rates range from 1.13% in 55391 to 1.13% in 55391, 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 Wayzata.

About Wayzata Property Taxes

About Property Taxes in Wayzata, Hennepin, Minnesota

Wayzata’s median effective property tax rate of 1.13% 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 Wayzata. Homeowners in the 55391 ZIP code carry a median effective rate of 1.13%, while those in 55391 pay 1.13%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Hennepin County. Understanding which part of Wayzata you live in can make a meaningful difference to your annual tax bill.

Wayzata 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 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 Wayzata, 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 Wayzata'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 Wayzata, 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 Wayzata Tax Rate

1.13%

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 Wayzata, Hennepin County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55391	0.99%	1.06%	1.13%	1.22%	1.30%

Source: Ownwell

Property Tax Assessment Values Across Wayzata, Hennepin County, Minnesota

When examining property taxes in Wayzata, 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 assessment office 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 May.

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 Wayzata.

For example, the median home price in Wayzata is $831,400, with tax bills ranging significantly across the county. 55391 has the highest median home price at $831,400.

Property Tax Assessment Values Across Wayzata, Hennepin County, Minnesota

Source: Ownwell

$6,500

$676,450

$1,346,400

Median Wayzata Market Value

$831,400

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 Wayzata, Hennepin County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55391	$367,100	$541,850	$831,400	$1,471,950	$2,722,140

Source: Ownwell

Property Tax Bills Across Wayzata, Hennepin County, Minnesota

Wayzata property tax bills are calculated by applying the local tax rate to a home’s assessed market value, then adjusting for any exemptions or other tax-saving factors. For homeowners, the bill reflects both the value of the property and the tax rates set by local taxing authorities, so two homes with similar market values can still have different tax bills.

With a median home price of $831,400, Wayzata homeowners often face property tax bills that are well above the national median property tax bill of $2,400. The 25th percentile tax bill is $6,008, while the 75th percentile reaches $17,260 and the 90th percentile climbs to $32,118. The median tax bill in ZIP code 55391 is $9,561.

Because property taxes are tied to assessed value, rising home values can increase annual costs even if the tax rate stays the same. That makes property taxes a major part of homeownership costs in Wayzata and a key factor for buyers and long-term homeowners alike.

Property Tax Bills Across Wayzata, Hennepin County, Minnesota

Source: Ownwell

$78

$7,867

$15,656

Median Wayzata Tax Bill

$9,561

Median Hennepin County Tax Bill

$4,551

Median Minnesota Tax Bill

$3,364

Median United States Tax Bill

$2,400

Property Tax Bills Across Wayzata, Hennepin County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55391	$3,783	$6,008	$9,561	$17,260	$32,118

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 Wayzata, Minnesota

How are property taxes calculated in Wayzata, Minnesota?

Property taxes in Wayzata, 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 Wayzata, Minnesota?

To appeal your property taxes in Wayzata, 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 Wayzata, Minnesota?

Common property tax exemptions in Wayzata, 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 Wayzata, Minnesota?

Property tax deadlines in Wayzata, 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 Wayzata, Minnesota?

Ownwell provides professional property tax appeal services in Wayzata, 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.