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Minnesota homeowners should brace for rising property taxes in 2026
Many Minnesota homeowners may want to brace for an increase in their 2026 property taxes. According to a preliminary report from the Minnesota Department of Revenue, tax levies could increase by up to $1 billion.
MINNEAPOLIS (FOX 9) - Truth-in-taxation notices are hitting mailboxes across Minnesota this month.
The Minnesota Department of Revenue released preliminary data that shows up to 6.9% increase in property tax levies.
Rising property taxes
What we know: The Minnesota Department of Revenue said property owners should receive a truth-in-taxation notice starting in November.
By the numbers: The state’s preliminary property tax levies data for 2026 shows a statewide increase of up to 6.9% over 2025, which could be a maximum total increase of roughly $948 million.
The department said its figures show property tax levies that have been reported by local governments and passed by school districts.
Many jurisdictions point to increasing operating costs as some of the reasons behind the rise.
Local perspective: The state’s revenue said the rates are not final at this point.
Public meetings will be held between late November and late December where residents will have the opportunity to provide input.
Tax levy deadline
What's next:
Local governments will make 2026 property tax levy decisions by Dec. 29.
Final levies can be set at lower rates, but cannot exceed preliminary amounts.
According to the department, final 2026 property tax levies will be released after the February forecast.
The Source: Information for this story was provided by the Minnesota Department of Revenue