Most Minnesota Property Owners Will Likely See Higher Taxes in 2020
Carol McCarthy | Dec 4, 2019 AT 7:35 am
UNDATED--Minnesota property owners will likely see higher tax bills in 2020. The state Department of Revenue has tallied up the numbers as cities and counties ready 2020 budgets and respective Truth-in Taxation meetings.
Preliminary property taxes statewide are projected to increase $540.4 million dollars - a 5.2% increase. Last year’s final levy increase was 5.4% ($524 million).
Cities stand to raise the largest levy at 7.5%....school districts 7.0%...and counties 4.9%.
Detroit Lakes' budget hearing will take place next week, December 10th. Becker County holds their budget hearing December 12th. Both start at 6:01pm each evening.
The City of Detroit Lakes is looking at a 4.5% increase. Becker County at a 3% increase.
Other cities in the region proposed property taxes:
Thief River Falls 18.4%
East Grand Forks 5.0%
Fergus Falls 5.0%