Property Taxes in Bloomington
Hennepin County's own effective property tax rate ran approximately 1.15%-1.19% in 2026 -- the highest of Minnesota's 87 counties, and genuinely above both the national median and Minnesota's own statewide average -- producing a real median annual bill of approximately $4,337 on a median-valued home.
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Learn moreHennepin County: the Highest Effective Rate of Minnesota's 87 Counties
Hennepin County's own effective property tax rate ran approximately 1.15%-1.19% as of 2026 across sources reviewed this pass -- the highest of Minnesota's 87 counties, genuinely above the national median effective rate of approximately 1.02% and Minnesota's own statewide average of approximately 0.97%. This record states this plainly rather than assuming a Midwestern suburb automatically runs at or below the national median.
A Real, Disclosed Median Annual Bill
On a median home value of approximately $376,500, this produces a real, disclosed median annual property tax bill of approximately $4,337 -- a genuinely substantial annual cost buyers should budget for directly against a specific target property's own assessed value.
No Local Piggyback Income Tax Offsets This Somewhat
As detailed on the taxes topic page, Minnesota's own state income tax has no local/county piggyback layer on top of its own 4-bracket structure -- a real, partial offset to Hennepin County's own elevated property tax rate for movers weighing Bloomington's overall combined tax burden, though Minnesota's state income tax rate itself still runs genuinely high.
Confirm a Specific Assessed Value Directly
Hennepin County reassesses property values on its own schedule, and Bloomington's own specific taxing-district composite rate can vary modestly within the county. Confirm a specific target property's actual current assessed value and tax bill directly with the Hennepin County Assessor's office before finalizing a purchase.
Key takeaways
- Hennepin County's own effective property tax rate (approximately 1.15%-1.19%) is the highest of Minnesota's 87 counties.
- This rate runs genuinely above both the national median (~1.02%) and Minnesota's own statewide average (~0.97%).
- On a median-valued home (approximately $376,500), the median annual property tax bill ran approximately $4,337.
- Minnesota's lack of a local piggyback income tax offers a real, partial offset when weighing Bloomington's overall combined tax burden.
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