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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 2013, Taxes Payable in 2014

Market Value: $546.0 billion
Market Value Exclusion: $29.8 billion
Taxable Market Value: $516.1 billion
Net Tax Capacity: $6.03 billion
Referendum Market Value: $421.9 billion

The total market value for taxes payable in 2014 is $546 billion1; homestead market value exclusions of $29.8 billion reduced this to $516.1 billion of taxable market value. Class rates are applied to the taxable market value, resulting in total net tax capacity of $6.03 billion. Net tax capacity is the tax 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 tax base used for most referendum levies. The total referendum market value for taxes payable in 2014 is $421.9 billion. The table shows the distibution of the two tax bases.

1 The state total excludes $446 million of market value that is located in Job Opportunity Building Zones (JOBZ) and is exempt from most property taxes.

Net Tax Capacity % of Total Referendum Market Value % of Total
State $6,025,600,621 100% $421,854,731,836 100%

Northern Regions
Northwest (1)
Headwaters (2)
Arrowhead (3)
West Central (4)
Five (5)
East Central (7E)
110,291,470
84,824,251
327,281,214
305,088,337
218,974,325
115,090,202
1.8
1.4
5.4
5.1
3.6
1.9
4,096,103,660
4,847,233,993
21,958,671,970
14,725,772,831
11,400,256,307
9,070,111,215
1.0
1.1
5.2
3.5
2.7
2.2

Southern Regions
Six East (6E)
Upper MN Valley (6W)
Central MN (7W)
Southwest (8)
Nine (9)
Southeastern MN (10)
159,593,547
101,475,726
348,787,234
269,929,304
319,435,564
518,632,656
2.6
1.7
5.8
4.5
5.3
8.6
6,994,183,540
1,971,441,806
27,375,891,440
5,730,480,825
13,599,719,518
33,469,227,315
1.7
0.5
6.5
1.4
3.2
7.9
Total Nonmetro $2,879,403,830 47.8% $155,239,094,420 36.8%

Metro Region
Hennepin County
Ramsey County
Remaining Metro
1,497,675,810
465,174,998
1,183,345,983
24.9
7.7
19.6
123,361,146,054
39,183,843,800
104,070,647,562
29.2
9.3
24.7
Total Metro $3,146,196,791 52.2% $266,615,637,416 63.2%

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Payable 2014 Net Property Tax Levy Before Credits: $8.69 billion

The payable 2014 net property tax levy made by each type of taxing district is shown in the following table (excluding special assessments). The table includes $7,027 million of local net tax capacity levy, $819 million of referendum market value levy, and $847 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 $786 million, nearly all of the $847 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 2014 Net Property Tax Levy* (in millions) Percent
County $2,728 31.4%
City 1,959
Town 233
City/Town 2,192 25.2
School District 2,349 27.0
Special Taxing Districts 331
Tax Increment Financing 246
Power Line 0.4
Miscellaneous Districts 577 6.6
State 847 9.8
Total, All Districts $8,693 100.0%

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 2014 Net Property Taxes Payable: $8.63 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 $8.63 billion, which is the total levy of $8.69 billion minus property tax credits of $65 million.

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Payable 2014 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 2014 Property Tax Levies before Credits by Type of Taxing District: $8,693 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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December 2017

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