Glossary of Terms - Property Tax Calculator
Cities
The list shows all Minnesota cities that have existed for any period of time between 1997 and today. The report feature of this calculator will only display the cities that existed in the year(s) selected.
- For information on changes to city names over time
Read more about city Name Changes, Consolidations & Incorporations
City tax
Estimated city property taxes.
- For information on how property taxes are calculated
View Property Tax 101 (pdf) - For information on understanding property tax statements
View Property Tax Statement 101 (pdf)
City tax with credit
Estimated city property taxes after market value homestead credit (MVHC) is applied. The MVHC program was in effect from 2002 to 2011. Beginning with taxes payable in 2012, MVHC was replaced with the homestead market value exclusion (HMVE).
- For a detailed description of the MVHC program and how credit amounts were determined
View MVHC 101 (pdf)
- For more information about the conversion to HMVE
Access the League's collection of resources
Population range
Determined by population estimates for 2011 (the most recent year available). Population estimates come from the state demographer and the Metropolitan Council (for cities in the seven-county metro area).
Property market value
Assessed market value of property.
- For information on when and how assessments are done
View Property Tax 101 (pdf)
Property type
Homestead: property classified as residential homestead
Business: property classified as commercial/industrial
- For information on the classification system and classification rates
View Property Tax 101 (pdf)
Regions
The state is divided into 13 economic development regions.
- For a list of cities by region
View Cities by Region (pdf)
Total tax
Shows estimate of total tax. Property owners within cities pay property taxes to each local government: county, city, school district, and any special district(s).
- For information on how property taxes are calculated
View Property Tax 101 (pdf)
Total tax with credit
- 1997: Shows estimate of total tax. There were no property tax credit programs in effect in 1997.
- 1998-2001: Shows estimate of total tax amount after education homestead credit is applied.
- More information on the education homestead credit program is available from the 1997 new law summary from the MN House.
Learn more at www.house.leg.state.mn.us
- More information on the education homestead credit program is available from the 1997 new law summary from the MN House.
- 2002-2011: Shows estimate of total tax amount after market value homestead credit (MVHC) is applied.
- 2012: Shows estimate of total tax. The MVHC program was replaced with the homestead market value exclusion (HMVE) program.
- For a detailed description of the MVHC program and how credit amounts were determined
View MVHC 101 (pdf)
- For more information about the conversion to HMVE
Access the League's collection of resources
Years
Property tax calculator data is available from 1997 onwards. For 2010, data for cities in Polk and Mower counties is preliminary.
Your LMC Resource
Policy Analysis staff has expertise in the areas of property taxes, state aids, and the state-local fiscal relationship. They are available to answer your questions about the Property Tax Calculator and other League resources on fiscal topics.
Contact Lena Gould
Policy Analyst
(651) 281-1245 or (800) 925-1122
lgould@lmc.org
Contact Rachel Walker
Policy Analysis Manager
(651) 281-1236 or (800) 925-1122
rwalker@lmc.org