ZIP 55343 · Minnetonka, MN

Five governments run on your community's money

This page shows every government that serves ZIP 55343: the state, county, city or town and school district, and where each one's money comes from and goes.

Each government is shown for its own newest fiscal year on file, so the years differ. Figures come from the U.S. Census Bureau's Annual Survey of State and Local Government Finances, the government's own report or, for Minnesota governments, the Minnesota Office of the State Auditor, as named under Sources and more.

Where do my taxes go in 55343?
55343 is served by the State of Minnesota, Hennepin County, Hopkins School District 270, the City of Minnetonka and the City of Hopkins. In each one's latest recorded fiscal year, State of Minnesota spent $61.5 billion (fiscal year ended June 30, 2024), Hennepin County spent $4.41 billion (fiscal year ended December 31, 2024), Hopkins School District 270 spent $168 million (fiscal year ended June 30, 2024), City of Minnetonka spent $100 million (fiscal year ended December 31, 2023) and City of Hopkins spent $39.6 million (fiscal year ended December 31, 2023). Each government's money is separate.

Which governments collect property tax in 55343?
Of the governments serving 55343, Hennepin County collected $1.05 billion (fiscal year ended December 31, 2024), State of Minnesota collected $732 million (fiscal year ended June 30, 2024), Hopkins School District 270 collected $66.4 million (fiscal year ended June 30, 2024), City of Minnetonka collected $47.6 million (fiscal year ended December 31, 2023) and City of Hopkins collected $22.4 million (fiscal year ended December 31, 2023) in property tax. These are each government's total collections, not a bill for 55343.

See another ZIP code

From the state down to your schools: where each one's money comes from and goes.

See the full budget for: Hennepin County, Minnetonka, Hopkins and Hopkins School District 270

Why not this year? Minnesota governments with newer filings show figures from the Minnesota Office of the State Auditor (for 2024). Each other figure is the newest year the U.S. Census Bureau has published for that government, so the years differ and are not the current year. Most governments post their current budget on their own website.

Where property tax goes in 55343

Hennepin County$1.05 billion

25% of its $4.17 billion in revenue · fiscal year ended December 31, 2024

State of Minnesota$732 million

1.2% of its $63.0 billion in revenue · fiscal year ended June 30, 2024

Hopkins School District 270$66.4 million

39% of its $172 million in revenue · fiscal year ended June 30, 2024

City of Minnetonka$47.6 million

47% of its $100 million in revenue · fiscal year ended December 31, 2023

City of Hopkins$22.4 million

52% of its $43.4 million in revenue · fiscal year ended December 31, 2023

These are each government's total property tax collections, not your bill. Your own bill is split by each government's tax rate, shown on your property tax bill.

Your county

Hennepin County

$4.41 billion budget in fiscal year 2024 (ended December 31, 2024), from the Minnesota Office of the State Auditor.

Where the money comes from

Fees for services47%County taxes31%Federal tax money8.6%State tax money8.4%Fines and other3.4%Local tax money1.9%
Full Hennepin County breakdown

County taxes31%

Property tax
25%$1.05 billion
Sales tax
5.0%$208 million
Other taxes
0.8%$31.7 million

Fees for services47%

Fees for services
47%$1.95 billion

Federal tax money8.6%

Grants from Washington, paid for by the federal taxes residents also pay.

From the federal government
8.6%$359 million

State tax money8.4%

Money the state passes on, paid for by the state taxes residents also pay.

From the state
8.4%$351 million

Local tax money1.9%

Money passed on by the county or other local governments.

From other local governments
1.9%$77.5 million

Fines and other3.4%

Interest, rents and other
3.4%$140 million
Fines
<0.1%$667 thousand
Hennepin County page →

Where the money goes

Health and hospitals45%Social services19%Running the government and other costs13%Police, fire, courts and jails8.7%Debt payments (principal and interest)4.4%All other spending10%
Full Hennepin County breakdown

Spending by category100%

Health and hospitals
45%$1.98 billion
Social services
19%$818 million
Running the government and other costs
13%$584 million
Police, fire, courts and jails
8.7%$383 million
Debt payments (principal and interest)
4.4%$194 million
Roads, transit and parking
4.3%$191 million
Parks, recreation and libraries
2.2%$96.5 million
Water, sewer, trash and utilities
2.0%$88.6 million
Housing and community development
1.7%$75.3 million
Hennepin County page →

Your cities and towns

City of Minnetonka

$100 million budget in the latest fiscal year on record, which ended December 31, 2023.

About 49% of this ZIP is in Minnetonka.

Where the money comes from

City taxes52%Fees for services (sewer, water)32%Fines and other8.3%State tax money7.2%County and local tax money0.6%Federal tax money0.3%
Full Minnetonka breakdown

What stands out

47%

of Minnetonka's money comes from property tax.A typical U.S. city of 50,000+ people gets 20%.

City taxes52%

Property tax
47%$47.6 million
Other taxes
4.0%$4.0 million
What's in other taxesPublic utility taxes; occupation and business licenses and 2 more
  • Public utility taxes$3.4 million
  • Occupation and business licenses$305 thousand
  • Alcoholic beverage licenses$244 thousand
  • Other licenses$53 thousand

Amounts are by Census tax category.

Fees for services32%

Fees for services
32%$32.2 million
What's in fees for servicesSewer; water and 2 more
  • Sewer$11.0 million
  • Water$11.0 million
  • Parks and recreation$8.7 million
  • Garbage collection$1.4 million

Amounts are by Census type of charge.

Federal tax money0.3%

Grants from Washington, paid for by the federal taxes residents also pay.

From the federal government
0.3%$304 thousand

State tax money7.2%

Money the state passes on, paid for by the state taxes residents also pay.

From the state
7.2%$7.2 million

County and local tax money0.6%

Money passed on by the county or other local governments.

From the county and other local governments
0.6%$554 thousand

Fines and other8.3%

Interest, rents and other
8.1%$8.2 million
Fines
0.2%$177 thousand
Minnetonka page →

Where the money goes

Parks, recreation and libraries23%Police, fire, courts and jails21%Roads, transit and parking19%Water, sewer, trash and utilities16%Running the government and other costs10%All other spending11%

What stands out

23%

of Minnetonka's spending goes to parks, recreation and libraries.A typical U.S. city of 50,000+ people spends 6.4%.

Full Minnetonka breakdown

Spending by category100%

Parks, recreation and libraries
23%$22.6 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$22.6 million
Police, fire, courts and jails
21%$21.1 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$15.1 million
  • Fire protection$6.0 million
Roads, transit and parking
19%$19.0 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$19.0 million
Water, sewer, trash and utilities
16%$16.0 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$7.7 million
  • Water supply$6.9 million
  • Garbage and solid waste$1.3 million
Running the government and other costs
10%$10.3 million
What's in running the government and other costsFinance, tax collection and budgeting; other and not broken out and 1 more
  • Finance, tax collection and budgeting$8.1 million
  • Other and not broken out$1.9 million
  • Central staff services (personnel, purchasing, technology)$298 thousand
Housing and community development
7.3%$7.3 million
Environment and natural resources
1.9%$1.9 million
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$1.9 million
Interest on debt
1.5%$1.5 million
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$755 thousand
  • Interest on general debt$737 thousand
Health and hospitals
0.4%$381 thousand
What's in health and hospitalsPublic health
  • Public health$381 thousand
Minnetonka page →

City of Hopkins

$39.6 million budget in the latest fiscal year on record, which ended December 31, 2023.

About 43% of this ZIP is in Hopkins.

Where the money comes from

City taxes58%Fees for services (sewer, water)20%Fines and other11%State tax money7.5%County and local tax money3.5%
Full Hopkins breakdown

What stands out

52%

of Hopkins' money comes from property tax.A typical U.S. city of 10,000 to 50,000 people gets 19%.

City taxes58%

Property tax
52%$22.4 million
Other taxes
6.1%$2.7 million
What's in other taxesPublic utility taxes; occupation and business licenses and 2 more
  • Public utility taxes$1.2 million
  • Occupation and business licenses$1.1 million
  • Other licenses$305 thousand
  • Alcoholic beverage licenses$94 thousand

Amounts are by Census tax category.

Fees for services20%

Fees for services
20%$8.8 million
What's in fees for servicesSewer; water and 2 more
  • Sewer$4.1 million
  • Water$2.7 million
  • Garbage collection$1.2 million
  • Parks and recreation$800 thousand

Amounts are by Census type of charge.

State tax money7.5%

Money the state passes on, paid for by the state taxes residents also pay.

From the state
7.5%$3.2 million

County and local tax money3.5%

Money passed on by the county or other local governments.

From the county and other local governments
3.5%$1.5 million

Fines and other11%

Interest, rents and other
11%$4.6 million
Fines
0.3%$115 thousand
Hopkins page →

Where the money goes

Roads, transit and parking28%Police, fire, courts and jails26%Water, sewer, trash and utilities14%Parks, recreation and libraries11%Running the government and other costs9.5%All other spending12%

What stands out

28%

of Hopkins' spending goes to roads, transit and parking.A typical U.S. city of 10,000 to 50,000 people spends 10%.

Full Hopkins breakdown

Spending by category100%

Roads, transit and parking
28%$11.2 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$11.2 million
Police, fire, courts and jails
26%$10.1 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$7.1 million
  • Fire protection$2.2 million
  • Inspections and regulation$839 thousand
Water, sewer, trash and utilities
14%$5.5 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$2.7 million
  • Water supply$1.7 million
  • Garbage and solid waste$1.1 million
Parks, recreation and libraries
11%$4.3 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$4.3 million
Running the government and other costs
9.5%$3.7 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and finance, tax collection and budgeting
  • Central staff services (personnel, purchasing, technology)$2.4 million
  • Finance, tax collection and budgeting$1.4 million
Interest on debt
6.3%$2.5 million
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$2.2 million
  • Interest on water supply debt$336 thousand
Housing and community development
5.6%$2.2 million
Hopkins page →

Your schools

Hopkins School District 270

$168 million budget in the latest fiscal year on record, which ended June 30, 2024.

About 99% of this ZIP is in Hopkins School District 270.

Where the money comes from

State tax money53%School district taxes39%Fees for services (school lunches)5.1%Fines and other3.5%County and local tax money<0.1%

What stands out

5.1%

of Hopkins School District 270's money comes from fees for services such as water, sewer and parking.A typical school district with 5,000 to 25,000 students gets 1.5%.

Full Hopkins School District 270 breakdown

School district taxes39%

Property tax
39%$66.4 million

Fees for services5.1%

Fees for services
5.1%$8.7 million
What's in fees for servicesOther school charges and school lunches
  • Other school charges$8.3 million
  • School lunches$408 thousand

Amounts are by Census type of charge.

Federal tax money<0.1%

Grants from Washington, paid for by the federal taxes residents also pay.

From the federal government
<0.1%$10 thousand

State tax money53%

Money the state passes on, paid for by the state taxes residents also pay.

From the state
53%$90.2 million

County and local tax money<0.1%

Money passed on by the county or other local governments.

From the county and other local governments
<0.1%$113 thousand

Fines and other3.5%

Interest, rents and other
3.5%$6.1 million
Hopkins School District 270 page →

Where the money goes

Schools and colleges95%Interest on debt3.0%Sent to other local governments2.1%
Full Hopkins School District 270 breakdown

Spending by category100%

Schools and colleges
95%$160 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$160 million
Interest on debt
3.0%$5.0 million
Sent to other local governments
2.1%$3.6 million
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$2.5 million
  • Sent to the state government$1.1 million
Hopkins School District 270 page →

Your state

State of Minnesota

$61.5 billion budget in the latest fiscal year on record, which ended June 30, 2024.

Where the money comes from

State taxes57%Federal tax money31%Fines and other7.0%Fees for services (college tuition, university housing and dining)5.1%Local tax money0.4%
Full Minnesota breakdown

What stands out

9.3%

of Minnesota's money comes from business income taxes.A typical state government gets 3.8%.

State taxes57%

Individual income tax
21%$13.3 billion
Sales tax
13%$8.49 billion
Other taxes
12%$7.29 billion
What's in other taxesOther selective sales taxes; motor vehicle licenses and 18 more
  • Other selective sales taxes$2.39 billion
  • Motor vehicle licenses$1.02 billion
  • Motor fuel taxes$888 million
  • Insurance premium taxes$846 million
  • Tobacco taxes$548 million
  • Occupation and business licenses$289 million
  • Estate and gift taxes$284 million
  • Real estate and stock transfer taxes$227 million
  • Amusement taxes$215 million
  • Hunting and fishing licenses$114 million
  • Alcoholic beverage taxes$111 million
  • Other licenses$95.2 million
  • Public utility taxes$86.0 million
  • Severance taxes$76.6 million
  • Driver's licenses$66.4 million
  • Corporation licenses$17.5 million
  • Amusement licenses$9.1 million
  • Public utility licenses$9.1 million
  • Alcoholic beverage licenses$3.5 million
  • Other taxes not classified elsewhere$1 thousand

Amounts are by Census tax category.

Business income tax
9.3%$5.88 billion
Property tax
1.2%$732 million

Fees for services5.1%

Fees for services
5.1%$3.21 billion
What's in fees for servicesCollege tuition; university housing and dining and 11 more
  • College tuition$1.35 billion
  • University housing and dining$720 million
  • Sewer$332 million
  • Other service charges$314 million
  • Hospital bills$279 million
  • Parks, land and natural resources$58.5 million
  • Parks and recreation$53.5 million
  • Transit fares$46.8 million
  • Housing$33.9 million
  • Road charges$15.6 million
  • Tolls on roads and bridges$3.7 million
  • Other education charges$1.6 million
  • Airport$1.1 million

Amounts are by Census type of charge.

Federal tax money31%

Grants from Washington, paid for by the federal taxes residents also pay.

From the federal government
31%$19.5 billion

Local tax money0.4%

Money passed on by the county or other local governments.

From local governments
0.4%$249 million

Fines and other7.0%

Interest, rents and other
6.9%$4.35 billion
Fines
<0.1%$34.2 million
Minnesota page →

Where the money goes

Social services38%Sent to local governments32%Schools and colleges13%Roads, transit and parking4.6%Running the government and other costs4.3%All other spending8.4%

What stands out

32%

of Minnesota's spending goes to local governments.A typical state government spends 24%.

Full Minnesota breakdown

Spending by category100%

Social services
38%$23.5 billion
What's in social servicesOther public welfare; welfare institutions and 2 more
  • Other public welfare$23.2 billion
  • Welfare institutions$164 million
  • Unemployment and social insurance offices$40.3 million
  • Veterans' services$26.7 million
Sent to local governments
32%$19.6 billion
What's in sent to local governmentsSent to school districts; sent to local governments: general support and 21 more
  • Sent to school districts$12.8 billion
  • Sent to local governments: general support$2.76 billion
  • Sent to local governments: roads and highways$1.36 billion
  • Sent to local governments: other public welfare$890 million
  • Sent to local governments: other and not broken out$376 million
  • Sent to local governments: public health$283 million
  • Sent to local governments: police$211 million
  • Sent to local governments: airports$203 million
  • Sent to local governments: probation, parole and other corrections$124 million
  • Sent to local governments: other government administration$110 million
  • Sent to local governments: parks and recreation$109 million
  • Sent to local governments: natural resources, farming and conservation$105 million
  • Sent to local governments: other education$98.7 million
  • Sent to local governments: hospitals$65.9 million
  • Sent to local governments: housing and community development$40.1 million
  • Sent to local governments: central staff services (personnel, purchasing, technology)$30.2 million
  • Sent to local governments: libraries$23.4 million
  • Sent to local governments: finance, tax collection and budgeting$16.3 million
  • Sent to local governments: courts and legal services$9.5 million
  • Sent to local governments: sewer systems$2.8 million
  • Sent to local governments: garbage and solid waste$2.3 million
  • Sent to local governments: inspections and regulation$1.0 million
  • Sent to the federal government$509 thousand
Schools and colleges
13%$7.82 billion
What's in schools and collegesColleges and universities; scholarships and other education subsidies and 2 more
  • Colleges and universities$5.48 billion
  • Scholarships and other education subsidies$1.05 billion
  • College housing, dining and bookstores$742 million
  • Other education$558 million
Roads, transit and parking
4.6%$2.81 billion
What's in roads, transit and parkingRoads and highways; public transit and 2 more
  • Roads and highways$2.29 billion
  • Public transit$507 million
  • Airports$13.7 million
  • Toll roads and bridges$2.1 million
Running the government and other costs
4.3%$2.64 billion
What's in running the government and other costsFinance, tax collection and budgeting; other and not broken out and 3 more
  • Finance, tax collection and budgeting$1.47 billion
  • Other and not broken out$649 million
  • Central staff services (personnel, purchasing, technology)$310 million
  • Other government administration$162 million
  • Government buildings$51.4 million
Police, fire, courts and jails
3.4%$2.08 billion
What's in police, fire, courts and jailsCourts and legal services; police and 3 more
  • Courts and legal services$714 million
  • Police$623 million
  • Prisons and jails$536 million
  • Probation, parole and other corrections$106 million
  • Inspections and regulation$100 million
Health and hospitals
1.7%$1.03 billion
What's in health and hospitalsPublic health and hospitals
  • Public health$737 million
  • Hospitals$291 million
Environment and natural resources
1.4%$858 million
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$858 million
Interest on debt
0.8%$497 million
Parks, recreation and libraries
0.5%$316 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$313 million
  • Libraries$3.1 million
Water, sewer, trash and utilities
0.3%$192 million
What's in water, sewer, trash and utilitiesSewer systems; garbage and solid waste and 2 more
  • Sewer systems$172 million
  • Garbage and solid waste$15.9 million
  • Electric power$4.3 million
  • Gas supply$3 thousand
Housing and community development
0.3%$177 million
Minnesota page →
Sources and moreEach government's source, fiscal year and how a ZIP is matched

State of Minnesota. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.

Hennepin County. Minnesota Office of the State Auditor, County Finances Report raw data, 2024, fiscal year ended December 31, 2024. The earlier Census figures are from U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended December 31, 2023.

Hopkins School District 270. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.

City of Minnetonka. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended December 31, 2023.

City of Hopkins. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended December 31, 2023.

How these figures are counted. Minnesota county, city and township figures are the calendar-year finance reports filed with the Minnesota Office of the State Auditor, covering each government's governmental funds and its utilities and other enterprise funds, grouped into the same categories as the Census figures. Transfers between a government's own funds, borrowed money and depreciation are not counted. Debt payments include principal as well as interest, and capital purchases are counted in the year they are paid, so spending can be higher than the Census figure for the same government. Townships and some small cities report on a cash basis. County figures do not include school districts, which are separate governments.

How a ZIP is matched. A ZIP code is not a government boundary, so we match it to the cities, counties and school districts that overlap it, using Census Bureau geography. Where a ZIP crosses several, each one is shown with its share of the ZIP. Each government's money covers its own operations only; the others listed here are separate.

Latest recorded year. The year differs by government: each block shows the newest fiscal year on file. A Census survey year covers fiscal years ending July 1 of the year before through June 30 of that year.