Final 2013 Property Tax Levy Data Released

On Tuesday, the Minnesota Department of Revenue released information on the final 2013 property tax levies for cities, counties, school districts, townships and special taxing districts.
(Published Feb 12, 2013)

Overall, property tax levies, including net tax capacity levies and market value levies for all local taxing jurisdictions increased by $120.7 million, or 1.64 percent over the final 2012 property tax levies.

When the September 15 preliminary net tax capacity and market value levies were set, the total levy increase for cities was $57.8 million. In December, cities across the state reduced the preliminary levy increase to $42.3 million, or a 2.25 percent increase. The final net tax capacity levy increase for all cities was $45.2 million while market value (voter-approved) levy increase actually decreased by $2.9 million.

Since the Great Recession, the property tax levies of cities, counties and other local units of government have risen at rates far below recent years. In fact, for the ten-year period that ended with the 2012 final property tax levies, the average annual increase for all local taxing jurisdictions was 5.7 percent. During that same time frame, the average city annual increase was 5.8 percent while the average increase for counties was 4.7 percent and the average school district increase was 7.9 percent.

Questions? Contact Gary N. Carlson at (651) 281-1255 or gcarlson@lmc.org

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