Tax Burden in ZIP Code 55343
Hopkins, MN — Hennepin County
At the median income of $62,000, the estimated total tax burden in ZIP 55343 is $16,941 (27.3% effective rate), including federal income tax, FICA, and property tax.
Federal Tax (est.)
$8,680
FICA
$4,743
Property Tax
$3,518
Total Tax Burden
$16,941
27.3% effective
Tax Details for ZIP 55343
ZIP code 55343 is located in Hennepin County, MN, within the Minneapolis MSA metropolitan area. The area has a cost of living index of 102 (100 = national average), close to the national average.
The effective property tax rate is 1.05%. On the median home price of $335,000, this equals $3,518 per year ($293/month).
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