This bill amends Minnesota Statutes regarding property taxation by establishing new levy limits for cities and counties and modifying the process for authorizing additional levies above these limits. Specifically, it changes the levy limit base for local governmental units, stating that for taxes levied in 2026 and thereafter, the base will be the final levy certified in the preceding year, with adjustments for consolidation and annexation. The adjusted levy limit base will also be recalibrated to reflect changes in the implicit price deflator, effective for property taxes payable in 2027 and beyond.

Additionally, the bill introduces a new provision allowing local governmental units to levy additional amounts through a unanimous resolution of their governing body, bypassing the previous requirement for voter approval. This resolution must be publicly posted prior to a hearing, and any additional levy must be against net tax capacity unless otherwise required by law. The bill also repeals previous subdivisions related to additional levy authorization, streamlining the process for local governments. These changes are set to take effect for property taxes payable in 2027 and thereafter.

Statutes affected:
Introduction: 275.73, 275.71