2011 Hennepin County Property Taxes

Every time I think I’m a Democrat, they do something stupid.

Every time I think I’m a Republican, they do something greedy.

–Jay Leno

What do you call proposing to steeply raise property taxes against a backdrop of weak home prices and an economy just emerging, maybe, from recession?

How about, greedy and stupid?

Like a couple hundred thousand other homeowners in Hennepin County, I got my proposed 2011 property tax statement yesterday.

My assessed tax value: down 3% from last year.

My proposed 2011 property taxes: up 12%.


Add: Arrogance

How can property taxes being going up at the same time assessed tax values are going down?

Because of something called the “mill rate,” or the percentage tax levied on each $1 of assessed value, which has been increasing.

Good thing my Realtor’s income, 401(k), and interest on my savings have all gained so smartly the last year, allowing me to easily foot that increased property tax bill.


Most homeowners — myself included — will figure out some way to come up with the extra dough.

But we’ll have to compensate by finding savings elsewhere.

Such does not a robust recovery make.

P.S.: And no, I’m not expecting a 12% increase in the services I receive for my increased property taxes.

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.
2 Responses
  1. Ross Kaplan

    Sharon, thanks for the comment.

    Yup, I'm seeing/hearing of assessed values that are flat to down, coupled with tax increases of anywhere from 5% to 15% (the just-mailed notices are proposals; the actual increases are likely to be a bit less).

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