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- For 2024, preliminary property taxes statewide will increase by a maximum of $882.1 million, a 7.3% increase. Last year the final levy increase was 0.6% lower than the preliminary levies.
www.revenue.state.mn.us/press-release/2023-11-16/preliminary-property-tax-levies-2024
Local governments were required to set their certified 2024 levies by December 28, 2023. Final property tax levies will increase by $777.1 million, which is $106.2 million less than the preliminary levies set in September.
Nov 14, 2024 · The department will release final property tax levy information in February. For 2025, preliminary property taxes statewide could increase by a maximum of $781.6 million over 2024, a 6% increase. Last year, the final statewide levy increase was $104.4 million lower than the preliminary levies, resulting in a 6.4% increase.
6 days ago · Zoom out: Some suburban cities and counties are proposing even higher maximum increases: Lakeville approved a 12% increase, Edina's is set at 13.1%, and Bloomington's is at 11.5%. Tax levies could rise by 16.9% in Anoka County, 10% in Dakota County, and 8.9% in Carver County. Yes, but: These are maximum tax levies, meaning elected officials can ...
Sep 20, 2024 · Minnesota law requires local governments to set a maximum increase for property tax levies by the end of September, with final approval by the end of the year. Several metro counties have...
- Greta Kaul
3 days ago · The department will release final property tax levy information in February. For 2025, preliminary property taxes statewide could increase by a maximum of $781.6 million over 2024, a 6% increase. Last year, the final statewide levy increase was $104.4 million lower than the preliminary levies, resulting in a 6.4% increase.
5 days ago · Taxes rising. The city of Minneapolis proposed the largest property tax hike in 16 years, 8.1%, while the school board passed a maximum levy of 4.5%. That's in addition to a separate $20 million ...
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Dec 5, 2023 · On November 16, the Minnesota Department of Revenue released the preliminary property tax levy list for cities, counties, school districts, townships, and special taxing districts, outlining the maximum permissible levies for the upcoming year.
