Preliminary Property Tax Levies for 2024
For Local Governments, Schools, and Special Taxing Districts
The Minnesota Department of Revenue annually releases a list of the preliminary property tax levies that have been reported by local governments and have been passed by local school referenda. Local governments must set their final 2024 levies by December 28, 2023. Final property tax levies will be released after the February forecast.
Cities
The 2024 preliminary property tax levies for cities will total approximately $3.462 billion compared with a final levy of $3.194 billion in 2023, an 8.4% increase.
Counties
The 2024 preliminary property tax levies for counties will total approximately $3.981 billion compared with a final levy of $3.757 billion in 2023, a 6% increase..
Townships
The 2024 preliminary property tax levies for townships will total approximately $314 million compared with a final levy of $294 million in 2023, a 6.8% increase.
Schools
The 2024 preliminary property tax levies for schools will total approximately $4.036 billion compared with a final levy of $3.702 billion in 2023, a 9% increase.
Special Taxing Districts
The 2024 preliminary property tax levies for special taxing districts will total approximately $494 million compared with a final levy of $459 million in 2023, a 7.8% increase.
Total
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.
