We’re holding the line on spending, but your taxes may go up anyway…
During the past two years Dakota County has cut its operating budget by $20 million and eliminated 120 jobs. In 2012, once again, we will not increase the budget. But because Minnesota state government eliminated a state-paid tax credit, your taxes could still go up.
The state has eliminated the Homestead Market Value Credit starting in 2012. Since 2001 homeowners have received a credit against the market value of homes which meant you only had to pay a portion of your property tax and the state paid the rest.
Not anymore. The state eliminated this credit, meaning your taxes may go up even though we’re not increasing what we spend to deliver services. All property owners—including farms and businesses—may be affected by this change.
With the loss of the tax break, a homeowner who owns a $200,800 median-value home will see, on average, a $20 increase on 2012 county portion of taxes. But the changes shown in the county portion of your tax bill will also depend on in which city and school district you live.
You work hard for your money—that’s why we’re careful how we spend tax dollars.
The Dakota County Board of Commissioners has kept your county property taxes among the lowest in the state. We will continue to make sure our services are a good value. The pie chart above shows how taxes going to Dakota County are used.
For information on the state change, go to the
Minnesota Department of Revenue Property Tax web page.
For information about county taxes and budget, go to
Dakota County Budget & Finance section.