55384 Property Tax Rate
Spring Park, Minnesota · Part of Hennepin County
Effective Tax Rate
0.80%
106.5% above state avgMedian Annual Tax
$4,762
$397/mo escrow
Estimate Your Tax
Annual Tax
$4,762
Monthly
$397
Eff. Rate
0.80%
Buyer decision brief
What ZIP 55384 means for your housing budget
Use this ZIP page to compare recurring tax burden before you compare listing prices. The numbers below are Census ZCTA estimates, so they are strongest for neighborhood comparison and weakest for parcel-specific tax planning.
Monthly escrow signal
$397/mo
Based on median annual tax paid
State context
0.16 percentage points below the Minnesota average
Minnesota average: 0.96%
Data confidence
Use cautionThe Census margin of error is $1,929, about 41% of the median tax estimate.
Verify before you offer
- Confirm parcel assessed value with Hennepin County assessor.
- Check homestead, senior, veteran, and disability exemptions.
- Ask whether purchase triggers reassessment or value-cap reset.
- Review school district and special assessment boundaries.
Lower-rate similar ZIPs
Similar in-state ZIPs in this comparison set do not show a lower effective rate. Use the state table to widen the search.
This is informational content, not tax, legal, or mortgage advice. Local assessor records remain the source of truth for a specific property.
Data confidence ledger
Can you trust ZIP 55384 for comparison?
ACS vintage
2019-2023 ACS 5-Year Estimates
Five-year Census ZCTA estimates.
ZCTA caveat
Census area, not parcel boundary
USPS ZIP routes and taxing districts can differ inside the same area.
Field completeness
3/3 required fields
Median tax, home value, and derived rate are present.
MOE status
High margin of error
$1,929 tax MOE, 41% of the median tax estimate.
Last site refresh
March 10, 2026
Dataset and page-quality audit run locally before publication.
County fallback
County context only
Hennepin County is used for assessor verification and broader context.
Tax bill anatomy
What can change your actual bill in ZIP 55384
Use the ZIP estimate to compare neighborhoods, then verify these parcel-level inputs before relying on a payment estimate.
Assessed value
The ZCTA median home value is $598,400, but your bill starts with the local assessed value for a specific parcel.
Effective rate
The displayed rate is 0.80%, derived from median tax paid divided by median home value.
Exemptions
Homestead, senior, veteran, disability, and local exemptions can reduce taxable value. Confirm eligibility before estimating escrow.
Reassessment
A purchase can change assessed value depending on Minnesota and county rules. Ask how sale price affects the next assessment cycle.
Escrow impact
The median tax paid in this ZCTA equals about $397 per month before insurance, HOA dues, or special assessments.
Assessor verification
Hennepin County assessor or tax collector records are the source of truth for parcel taxes, appeal windows, and exemptions.
How ZIP 55384 Compares
Median Annual Property Tax
ZIP 55384
0.80%
Effective rate
Minnesota Avg
0.96%
Effective rate
National Avg
1.10%
Effective rate
State Ranking
Property Tax Rank in Minnesota
Lower than 78% of ZIP codes in Minnesota(22th percentile, 849 ZIPs compared)
Property Tax Analysis
Property Tax Insights for ZIP 55384
Property owners in ZIP code 55384 (Spring Park, Minnesota) pay a median of $4,762/year in property taxes on homes valued at $598,400. This translates to an effective tax rate of 0.80%, which is 17% below the Minnesota state average of 0.96%.
The monthly property tax burden for a median-valued home in 55384 is approximately $397, which factors into escrow payments on mortgages. This ZIP code is located within Hennepin County. This is $2,456 more than the Minnesota average of $2,306/year.
Compared to similar ZIP codes in Minnesota, 55384 has lower property taxes. ZIP codes with similar effective rates include 55973 (0.80%) and 56119 (0.80%).
In Spring Park, property taxes represent approximately 10.2% of the median household income of $46,860, providing context for the relative tax burden on homeowners in this area.
If you're considering purchasing a home in 55384, keep in mind that property taxes are based on the assessed value assigned by the local assessor, which may differ from the purchase price. In some states, properties are reassessed at or near the sale price upon transfer of ownership. For the most current tax information for a specific property, consult Hennepin County's tax assessor directly.
Frequently Asked Questions
What is the property tax rate in ZIP code 55384?
How much are property taxes in Spring Park, MN (55384)?
How does ZIP 55384 compare to the Minnesota average?
What is the median home value in ZIP 55384?
What county is ZIP code 55384 in?
Margin of Error
The median property tax estimate for this ZIP code has a margin of error of ±$1,929. ZCTA-level data has wider margins than county-level estimates due to smaller sample sizes.
County-Level Data
ZIP code 55384 is part of Hennepin County, Minnesota. View the full county profile for broader context and more data.
View Hennepin County on TaxByCounty →Why compare these ZIPs?
Better comparison set for ZIP 55384
Each ZIP highlights a homebuyer tradeoff: lower rate, stronger value context, shared county rules, city boundary changes, or nearby missing data.
55424
Minneapolis, MN
$361,400 higher median home value than ZIP 55384.
Rate
1.04%
Tax
$10,001
Quality
82
55391
Wayzata, MN
$197,200 higher median home value than ZIP 55384.
Rate
1.06%
Tax
$8,415
Quality
82
55356
Long Lake, MN
$114,400 higher median home value than ZIP 55384.
Rate
0.94%
Tax
$6,712
Quality
82
55331
Excelsior, MN
$108,600 higher median home value than ZIP 55384.
Rate
1.02%
Tax
$7,211
Quality
82
55001
Afton, MN
$55,600 higher median home value than ZIP 55384.
Rate
0.92%
Tax
$5,990
Quality
82
55439
Minneapolis, MN
$41,900 higher median home value than ZIP 55384.
Rate
1.07%
Tax
$6,832
Quality
94
55340
Hamel, MN
$9,200 higher median home value than ZIP 55384.
Rate
1.10%
Tax
$6,655
Quality
82
55973
Sargeant, MN
Within 0.00 percentage points of ZIP 55384.
Rate
0.80%
Tax
$1,921
Quality
77
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates (ZCTA level). ZIP Code Tabulation Areas (ZCTAs) are Census approximations of USPS ZIP codes.
Estimates are informational only and should not be used as financial or legal advice.