Return to All Brooklyn Park, MN News
Organizations in this Story
City of Brooklyn Park
7300 W Palmer Lk Drive, Brooklyn Park, MN 55429
Real Estate

Effective property tax rate in Brooklyn Park outpaced the national average in Q1 2023

Published 04/01/23

Property owners in Brooklyn Park paid 1.1% of the value of their homes in property taxes in the first quarter of 2023, which is more than 1 time the national average, according to the real estate analysis posted by the Mifeed.

The median sales price of a Brooklyn Park home in the first quarter of 2023 was $320,000, based on data from the 147 properties sold during that time. In 2021 the median tax bill for the city was $3,580, which is 1.1% of the median value of the homes that were taxed.

This is 1 time higher than the average effective property tax rate of 1.11% in the U.S. in 2023.

In Hennepin County, St. Anthony had the highest rate.

The following table compares St. Anthony with some other cities belonging to Hennepin County by their median effective property tax rate, calculated using sales and property tax data from the first quarter of 2023.

CityQ1 2023 SalesQ1 2023 Median PriceMedian tax 2023Effective tax rate
St. Anthony13$360,000$6,8631.9%
Golden Valley38$375,000$5,9611.6%
Minneapolis809$305,000$4,7301.6%
Osseo4$240,000$3,8031.6%
Crystal69$275,000$3,9921.5%
New Hope40$311,000$4,7711.5%
Hopkins27$360,000$5,4571.5%
Shorewood13$508,000$6,9371.4%
Dayton10$355,000$5,0191.4%
Independence7$460,000$6,4351.4%
Robbinsdale34$283,950$3,8801.4%
Rogers24$397,000$5,2621.3%
St. Louis Park81$370,000$4,9411.3%
Maple Plain3$339,900$4,5621.3%
Richfield67$317,900$4,1941.3%
Brooklyn Center63$273,200$3,6261.3%
Brooklyn Park147$320,000$4,0811.3%
Bloomington123$347,500$4,3581.3%
Deephaven7$700,000$9,0771.3%
Plymouth127$415,000$5,3081.3%
Excelsior9$680,000$8,6781.3%
Maple Grove130$375,000$4,6351.2%
Long Lake2$367,000$4,4211.2%
Edina79$712,500$8,3431.2%
Greenfield9$520,000$5,7591.1%
Eden Prairie95$510,000$5,5541.1%
Minnetonka74$500,000$5,6481.1%
Champlin34$359,000$3,9331.1%
Corcoran12$512,450$5,5101.1%
Mound26$342,500$3,6461.1%
Minnetrista12$553,750$5,5051%
Orono21$827,500$8,0301%
Hanover1$556,000$5,6471%
Medina11$811,000$7,5430.9%
Medicine Lake1$1,400,000$12,1200.9%
Loretto1$485,000$4,5180.9%
Minnetonka Beach1$1,837,500$13,4580.7%
Spring Park3$850,000$6,2110.7%
Wayzata7$1,800,000$9,5580.5%
Tonka Bay2$3,287,500$7,2910.2%
Greenwood1$7,800,000$13,1650.2%

Trending