Property Taxes

Property taxes are set each year by determining the amount needed to provide services to the community. Policy makers, such as the school board, city council and county board, develop and propose a budget. Then, public hearings are held in November or December to give community members a chance to provide feedback. Final budgets are set by late December.

The cost of providing services to the community (the final budget) is divided among community members, based on taxable market values (assessed values) and property class rates. The residential rate is different than a commercial or apartment rate.

Learn more about how property taxes are calculated by watching the video below. 

Taxable market values

Minnesota law requires that the assessed value of your home reflect its market value — the price a buyer would typically pay for your home in today's real estate market. Assessors set your home's value by comparing what similar homes in your neighborhood actually sold for in the last year. For questions about your home's assessed value, call the city assessor's office at 952.924.2535.

For information about filing for homestead status, visit the homestead filing page.

Find property information

For more information about taxes on a specific property, use Hennepin County’s property information search.

Property information search

How do I pay my property tax?

Hennepin County mails property tax statements in late March. Payments are due in May and October each year. If you have a question about your statement, visit the Hennepin County property taxation webpage or call them at 612.348.3011.

Appeal your home’s value

If you disagree with your estimated market value, you have the right to appeal. However, we recommend that you first call the St. Louis Park City Assessor’s Office. Often questions and issues can be resolved at the local level. If you still have concerns, go to Hennepin County's website for information about filing an appeal.

Your value notice lays out the various options for appeal. If you have questions or disagree with the classification or estimated market value, contact the assessor’s office at 952.924.2535.

State of Minnesota property tax relief

Minnesota has two property tax refund programs for homeowners

  1. Regular property tax refund
  2. Special property tax refund

You may be eligible for one or both, depending on your income and size of your property tax bill. Find more information on these refunds at the state of Minnesota property tax refund website.

Annual budget and capital improvement plan

Each year in December, city council adopts the budget for the following year. Go to the city budget page for detailed information about how your tax dollars are spent.

Resources

The Minnesota Department of Revenue and Hennepin County have several resources and fact sheets available for you to better understand property taxes and how home values are calculated. Below are a few of these resources:

 

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