Property tax hikes could hit double digits across Twin Cities and suburbs (gift link)
Minneapolis now has the green light to increase its overall property tax levy by up to nearly 12% next year, which would translate into 20% property tax hikes for many homeowners, unless the City Council makes major cuts.
Minneapolis residents aren’t the only ones looking at double-digit tax increases: Several cities and counties across the region also are considering eye-popping tax levy increases for next year, including hikes in the double digits in many communities.
Dakota County is considering by far the largest increase among the governments examined for this story, with officials weighing levy increases ranging from 16.3% to 21.2%.