How Do Golden Valley’s Taxes Compare to The Rest of The State?

Golden Valley residents will see their taxes grow a bit faster than the state as a whole next year, according to a Tuesday Minnesota Department of Revenue release of preliminary property tax levies.

State law requires local governments to set a preliminary levy by Sept. 15. After citizens have had an opportunity to learn about proposed tax levels at Truth-in-Taxation hearings, the governments must then set a final levy by Dec. 27. The final levy can be lower than the preliminary levy, but it can’t be higher.

(School district figures include voter-approved referenda.)

The City of Golden Valley levy is set to grow by 2.9 percent—a bit more than the 2.1 percent growth for cities across the state as a whole.

Both Hopkins and Robbinsdale school districts are also scheduled to increase faster than the state as a whole. Robbinsdale’s levy is set to increase about a percentage point faster than the statewide total—3.64 percent compared to the overall state increase of 2.6 percent. Hopkins’ levies are on track to climb by 11.43 percent.

School levies were initially set to decrease by $59 million statewide. But that changed last week when voters approved $119 million in new and renewed referenda, resulting in a $60 million increase.

Hopkins was one of those districts to approve levies. It approved a capital projects levy that will bring in about $1.75 million per year for 10 years and revoked its existing operating levy and replaced it with a newer one that brings in more money. Robbinsdale did not have a referendum before voters this year.

Hennepin County, on the other hand, is on track to fall below the statewide increase—0.98 percent compared to 1.5 percent.

The graphs above show the percentage changes for city, school district and county levies across the state. Compare your taxes to nearby areas or click on “Percent Change” to sort by the size of the increase. Then tell us in the comments section below how you feel about your taxes.