Eden Prairie, Itasca County, Minnesota Property Taxes

Name: Property Tax Bills Across Eden Prairie, Itasca County, Minnesota
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Eden Prairie, MN effective property tax rate: 1.35%, significantly higher than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Eden Prairie, MN home value: $212,700
Median annual Eden Prairie, MN tax bill: $2,880, $480 higher than the national median property tax bill of $2,400.

How are property taxes in Itasca calculated?

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

Last Updated March 1, 2025

Eden Prairie, Itasca County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

Estimate Property Tax Bill

$0

Ownwell’s Eden Prairie Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Eden Prairie with just two data points. By entering your property's estimated assessed value, our calculator applies Eden Prairie’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Hennepin County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Eden Prairie, Itasca County, Minnesota

Local government entities set tax rates, which can vary widely within Minnesota. 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.

Eden Prairie, in Hennepin County, has a property tax rate that provides a unique perspective on property taxation in Minnesota. The effective property tax rate in Eden Prairie is influenced by the county's budgetary needs and the total assessed value of properties. Compared to the statewide median property tax rate of 1.35%, Eden Prairie's rate reflects the local government's approach to balancing public service funding with taxpayer affordability.

By contrasting Eden Prairie's property tax rate with the national median of 1.02%, property owners can gain insights into how local taxation measures up on a broader scale. Understanding these differences can help property owners make informed decisions about property investments and tax appeals.

Property Tax Rates Across Eden Prairie, Itasca County, Minnesota

Source: Ownwell

0.49%

0.87%

1.26%

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 Itasca County Tax Rate

0.91%

Median Effective Minnesota Tax Rate

1.13%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Eden Prairie, Itasca County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile

Source: Ownwell

Property Tax Assessment Values Across Eden Prairie, Itasca County, Minnesota

When examining property taxes in Eden Prairie, 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 Itasca County Assessor's 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.

In Itasca 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 Eden Prairie. For example, the median home price in Eden Prairie is $212,700, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Eden Prairie, Itasca County, Minnesota

Source: Ownwell

$72,000

$174,275

$276,550

Median Itasca County Market Value

$185,800

Median Minnesota Market Value

$304,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Eden Prairie, Itasca County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile

Source: Ownwell

Property Tax Bills Across Eden Prairie, Itasca County, Minnesota

In Eden Prairie, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The median home price in the area is $212,700, and property taxes are calculated by applying the local tax rate to this assessed value. Unlike the national median property tax bill of $2,400, Eden Prairie homeowners face a higher tax bill, with the 25th, 75th, and 90th percentiles all at $2,880. This suggests that most homeowners in the area pay more than the national average, reflecting the local government's requirements and community services. Factors such as home improvements, neighborhood developments, and changes in local government budgets can influence the assessed value and tax rate, impacting the overall tax bill for homeowners. Ownwell assists homeowners by providing expert property tax appeal and exemption services. By challenging over-assessments and identifying potential exemptions, Ownwell helps reduce property tax bills, ensuring homeowners pay only their fair share.

Property Tax Bills Across Eden Prairie, Itasca County, Minnesota

Source: Ownwell

$604

$1,458

$2,312

Median Itasca County Tax Bill

$1,544

Median Minnesota Tax Bill

$3,364

Median United States Tax Bill

$2,400

Property Tax Bills Across Eden Prairie, Itasca County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile

Source: Ownwell