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Legislature > House of Representatives > House Research > Taxes > Major State Aids & Taxes

Major State Aids & Taxes: Property Values, Levies, and Tax Rates

Statewide Property Value: Assessment Year 2012, Taxes Payable in 2013

Market Value: $545.8 billion
Market Value: $30.1 billion
Market Value: $515.7 billion
Net Tax Capacity: $5.75 billion
Market Value: $418.1 billion

The total market value for taxes payable in 2013 is $546 billion1; homestead market value exclusions of $30.1 billion2 reduced this to $515.7 billion of taxable market value. Class rates are applied to the taxable market value, resulting in total net tax capacity of $5.75 billion. Net tax capacity is the base used for levies other than most referendum levies.

Referendum market value is the total market value excluding the value of agricultural and seasonal-recreational property, and is the base used for most referendum levies. The total referendum market value for taxes payable in 2013 is $418.1 billion. The table shows the distibution of the two tax bases.

1 The state totals exclude $463 million of market value that is located in Job Opportunity Building Zones (JOBZ) and is exempt from most property taxes.

2 In 2011 the homestead market value exlusion replaced the homestead market value credit, which was repealed. The last year the credit was in effect was for taxes payable in 2011.

Net Tax Capacity % of Total Referendum Market Value % of Total
State $5,753,472,724 100% $418,114,778,850 100%

Northern Regions
Northwest (1)
Headwaters (2)
Arrowhead (3)
West Central (4)
Five (5)
East Central (7E)
96,282,935
83,833,464
327,632,068
283,583,758
221,688,507
117,026,872
1.7
1.5
5.7
4.9
3.9
2.0
3,993,507,761
4,798,952,671
21,876,299,130
14,609,543,695
11,513,452,273
9,195,726,290
1.0
1.1
5.2
3.5
2.8
2.2

Southern Regions
Six East (6E)
Upper MN Valley (6W)
Central MN (7W)
Southwest (8)
Nine (9)
Southeastern MN (10)
138,606,022
79,610,826
346,274,741
205,001,078
270,557,495
479,065,868
2.4
1.4
6.0
3.6
4.7
8.3
6,966,219,105
1,926,262,225
27,294,941,225
5,564,477,295
13,496,243,140
33,313,304,546
1.7
0.5
6.5
1.3
3.2
8.0
Total Nonmetro $2,649,163,634 46.0% $154,548,929,356 37.0%

Metro Region
Hennepin County
Ramsey County
Remaining Metro
1,483,170,713
462,534,143
1,158,604,234
25.8
8.0
20.1
122,468,865,021
38,967,473,500
102,129,510,973
29.3
9.3
24.4
Total Metro $3,104,309,090 54.0% $263,565,849,494 63.0%

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Payable 2013 Net Property Tax Levy Before Credits: $8.55 billion

The payable 2013 net property tax levy made by each type of taxing district is shown in the following table (excluding special assessments). The table includes $6,890 million of local net tax capacity levy, $826 million of referendum market value levy, and $840 million of state general levy. The statewide, region, and county tables show the net tax capacity levy and the market value levy combined by jurisdiction type, except they show the school district net tax capacity and referendum market value levies separately. The school district referendum market value levy is $792 million, nearly all of the $826 million in total statewide market value levy.

"Special taxing districts" include the Metropolitan Council, regional transit authorities, hospital districts, port authorities, watershed districts, etc.

Type of Taxing District Payable 2013 Net Property Tax Levy* (in millions) Percent
County $2,694 31.5%
City 1,929
Town 229
City/Town 2,157 25.2
School District 2,307 27.0
Special Taxing Districts 321
Tax Increment Financing 235
Power Line 0.2
Miscellaneous Districts 557 6.5
State 840 9.8
Total, All Districts $8,555 100.0%

In the statewide, region, and county tables elsewhere, the fiscal disparities levy is included in the "Miscellaneous District Levy," since that is how it is reported to the Department of Revenue. A detailed breakdown of that levy by type of taxing jurisdiction by county is not available, while in the table above the fiscal disparities levy is included in the totals for the various jurisdiction types statewide.

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Payable 2013 Net Property Taxes Payable: $8.51 billion

"Net property tax levy" is the amount levied before reductions for state-paid property tax credits. The net property tax payable, which is the amount that appears on property tax statements, is $8.51 billion, which is the total levy of $8.55 billion minus property tax credits of $48 million.

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Payable 2013 Average Tax Rate Calculations

The average net tax capacity rate is computed by dividing the total net tax capacity levy excluding special assessments by the total net tax capacity, then multiplying by 100.

The tables show separate average tax rates for the next tax capacity levy and the referendum market value levy.

For purposes of the net tax capacity tax rate calculation:

  • "levy" includes the tax increment financing levy and the fiscal disparity contribution levy; and
  • "tax capacity" includes the total net tax capacity before the subtraction of the tax increment financing captured net tax capacity and before any fiscal disparities adjustments.

This rate represents the average local net tax capacity rate of taxation on all property.

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Payable 2013 Property Tax Levies before Credits by Type of Taxing District: $8,555 million

Pie graphs showing property tax levies by type of taxing district for the state and metro and nonmetro areas

* Miscellaneous includes special taxing districts, tax increment financing, and power line levies, but excludes the fiscal disparities distribution levy, which has been allocated to counties, cities/towns, school districts, and special districts.

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March 2017

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