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House Tax Committee briefing outlines Minnesota property tax structure, classification system and state levy
Summary
House Research legislative analyst Jared Swanson briefed the House Tax Committee on Minnesota’s levy-based property tax system, classification rates, net tax capacity and the state general levy, and placed the tax in the context of the state–local fiscal relationship dating to the 1971 “Minnesota Miracle.”
Chair Davids opened the House Tax Committee and asked Jared Swanson, legislative analyst, House Research, to present an overview of Minnesota’s property tax system.
Swanson said property taxes accounted for about 26% of state and local tax collections in fiscal year 2024—roughly $12 billion of approximately $46.5 billion in state and local taxes—and that the state general property tax levy totaled about $759 million in 2024. He described Minnesota’s levy-based system, in which local jurisdictions set a dollar levy that is allocated across properties based on each property’s share of the tax base and collected by counties on behalf of local taxing units.
The presentation…
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