Property Taxes

The following write-ups are produced and maintained by Minnesota House Research Department, with some links provided to other sources.

Current Data & Analysis

• Final Pay 2023 vs. Final Pay 2024
  (Simulation 24A3, 10/31/24)
• Final Pay 2023 vs. Actual Pay 2024
  (Simulation 24A2, 7/17/24)
• Final Pay 2022 vs Final Pay 2023
  (Simulation 23A4, 1/25/24)
• Preliminary Pay 2023 v. Preliminary Pay 2023 under H.F. 1504
  (Simulation 23B1v2; 2/15/23)
• Final Pay 2021 vs. Actual Pay 2022
  (Simulation 22A5, 1/17/23)
• Actual Pay 2022 vs. Pay 2022 under H.F. 3629
  (Simulation 22A2, 3/14/22)
• More property tax simulations
• State Aids Topics - House Research

Overview of the Property Tax System

• Overview of Property Taxes: Presentation
  A presentation to the House Property and Local Tax Division. January 2023.
• Overview of Property Taxes: Handout
  Handout from a presentation to the House Property and Local Tax Division. January 2023.
• Property Tax 101: Basic Terms and Concepts
• Property Tax 101: Administration
• Property Tax 101: Property Tax Variation by Property Type

Property Tax Base (Market Value)

• Class rates and credit rates for taxes payable in 2024

Levies, Aids, & Credits

• Disparity Reduction Aid
• Disparity Reduction Credit
• Property Tax 101: Who Pays Property Taxes and Who Receives Them
• Agricultural market value credits

Property Tax Burdens

• Property Tax 101: Property Tax Variation by Property Type
• Property Tax 101: Who Pays Property Taxes and Who Receives Them

Historical Data & Analysis

• Property Tax Burdens by Property Type, Historical Analysis
• Year-to-year Changes in Market Value and Net Tax by Property Type
• Property tax by type of taxing jurisdiction, 2009-present

Property Tax Relief Programs

• Disabled Veteran Homestead Valuation Exclusion
• Homestead Credit Refund Program
• Minnesota's Property Tax Programs for Agricultural and Rural Lands
• Property Tax Relief for Properties Damaged in a Disaster
• Renter's Property Tax Refund Program
• Targeting Property Tax Refund
• Targeting
  A 6-page information brief that describes the property tax refund program that targets property tax relief to homeowners who have a large property tax increase in one year. January 2017.
• Senior Citizens Property Tax Deferral Program

Tax Increment Financing

• Tax Increment Financing
• Tax Increment Financing Primer
  An explanation of how TIF works, descriptions of the programs, and data.
• Economic Development Property Tax Abatement

Fiscal Disparities Program

• The Fiscal Disparities Program: Commercial-Industrial Tax Base Sharing
• Minnesota's Fiscal Disparities Programs
  A 40-page report explaining the state's tax-base sharing programs, including information on their background, policy rationales, program mechanics, redistribution data, and tax burden impacts. February 2020.
• Actual pay 2018: Fiscal Disparities program eliminated vs. Actual pay 2018
  A simulation showing the differences between actual pay 2018 and actual pay 2018 without the fiscal diaparities program in effect. Simulation 18B3, 2/13/20