Property owners in Independence paid property taxes at a rate of 0.9% of their home values for the fourth quarter of 2025, above the U.S. average, according to BlockShopper.com.
The median sales price for homes in Independence was $680,000 during that period, based on nine properties sold. In 2025, the median property tax bill was $6,254 for the city—representing 0.9% of the median assessed value.
The average effective property tax rate across the U.S. stood at 0.888% in 2024.
Within Hennepin County, St. Anthony, Excelsior, and Hopkins had the three highest effective property tax rates.
The calculations provided are based on estimated inflation values for 2025 and tax data from 2024 made available by the county. Effective property tax rates could differ slightly from actual values.
Home prices in the U.S. increased again in 2025, with the national median reaching roughly $447,000 in June, a 1.13% rise from the prior year, according to Redfin. There remains a supply-demand gap, with 36% more sellers than buyers—a difference of 508,715 homes. According to Redfin, a balanced market means seller and buyer numbers within a 10% margin.
The table below compares St. Anthony and other cities in Hennepin County by median effective property tax rate, calculated using sales and property tax data from the fourth quarter of 2025.
| City | Q4 2025 Sales | Q4 2025 Median Price | Median tax 2025 | Effective tax rate |
|---|---|---|---|---|
| St. Anthony | 14 | $387,500 | $6,887 | 1.8% |
| Excelsior | 6 | $605,000 | $9,430 | 1.6% |
| Hopkins | 28 | $371,100 | $5,433 | 1.5% |
| Golden Valley | 48 | $431,327 | $6,121 | 1.4% |
| Minneapolis | 789 | $345,000 | $4,670 | 1.4% |
| New Hope | 59 | $355,000 | $4,806 | 1.4% |
| Deephaven | 13 | $750,000 | $10,003 | 1.3% |
| Crystal | 63 | $315,000 | $4,197 | 1.3% |
| Robbinsdale | 46 | $312,500 | $4,123 | 1.3% |
| Brooklyn Center | 55 | $291,500 | $3,933 | 1.3% |
| Osseo | 6 | $356,250 | $4,720 | 1.3% |
| Brooklyn Park | 201 | $346,500 | $4,351 | 1.3% |
| Richfield | 82 | $353,000 | $4,495 | 1.3% |
| Rogers | 26 | $453,000 | $5,501 | 1.2% |
| St. Louis Park | 130 | $412,500 | $5,065 | 1.2% |
| Bloomington | 189 | $380,000 | $4,420 | 1.2% |
| Plymouth | 173 | $460,000 | $5,300 | 1.2% |
| Champlin | 59 | $360,000 | $4,263 | 1.2% |
| Maple Grove | 165 | $440,000 | $4,920 | 1.1% |
| Corcoran | 14 | $519,750 | $5,622 | 1.1% |
| Eden Prairie | 115 | $520,000 | $5,667 | 1.1% |
| Edina | 115 | $785,000 | $8,860 | 1.1% |
| Minnetonka | 120 | $537,500 | $5,782 | 1.1% |
| Minnetrista | 22 | $551,000 | $5,617 | 1% |
| Shorewood | 18 | $730,000 | $7,562 | 1% |
| Maple Plain | 5 | $410,000 | $4,300 | 1% |
| Dayton | 10 | $505,000 | $4,689 | 0.9% |
| Mound | 35 | $440,000 | $3,952 | 0.9% |
| Independence | 9 | $680,000 | $6,254 | 0.9% |
| Tonka Bay | 3 | $929,000 | $8,163 | 0.9% |
| Long Lake | 7 | $501,000 | $4,616 | 0.9% |
| Orono | 29 | $1,025,000 | $8,887 | 0.9% |
| Medina | 24 | $907,500 | $7,588 | 0.8% |
| Greenfield | 11 | $945,000 | $5,880 | 0.6% |
| Spring Park | 3 | $1,400,000 | $8,534 | 0.6% |
| Greenwood | 3 | $3,000,000 | $13,932 | 0.5% |
| Wayzata | 7 | $2,299,000 | $9,570 | 0.4% |