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Olmsted County sets preliminary 2026 property-tax levy at $141.7 million, a 6.8% increase
Summary
The Olmsted County Board approved a preliminary maximum property-tax levy for 2026 of $141,713,639, a 6.8% increase over the adopted 2025 levy. Staff said the levy is preliminary and subject to reduction before final adoption at a December meeting.
The Olmsted County Board of Commissioners on Oct. 7 approved a resolution establishing a preliminary maximum property-tax levy for 2026 of $141,713,639, which staff said represents an increase of $9,022,966, or 6.8 percent, compared with the county’s adopted 2025 levy of $132,690,633.
County Chief Financial Officer Alfredo Roman Cattero summarized the budget process leading to the proposed maximum levy, saying staff and departments began internal budget work in April, held board retreats over the summer and compiled year-end estimates and a capital-improvement plan. He said the board will hold a Truth in Taxation meeting on Dec. 4 and is scheduled to approve the final budget and capital-improvement plan on Dec. 16.
Cattero told the board that the levy figure approved tonight represents a maximum; the board may reduce the levy between now and final adoption but cannot increase it. A motion to approve the proposed maximum 2026 levy at $141,713,639 was moved, seconded and approved by voice vote.
Staff described next steps: continued budget refinement in the coming months, a Truth in Taxation public hearing in December and final adoption of the budget and levy at the board’s Dec. 16 meeting.
