DULUTH, MN (KDAL) – The St. Louis County Board has given initial approval for the 2024 maximum property tax levy of just over 168 million dollars, a 2.93% increase compared to last year.
St. Louis County’s property tax base grew by an estimated 11% in the last year, including $237 million in new – mostly residential – construction. This growth will help reduce the impact of the increased levy.
Homes that had little or no increase in valuation will likely see no increase, or even a reduction in property taxes. A home valued at $400,000 will see an approximately $200 decrease in the county portion of its property taxes compared to a home valued at that amount last year.
Meanwhile, commercial properties experienced less valuation growth overall this year, and will likely see minimal impact on their county property taxes.
Two meetings have been set to collect public input on the levy and budget. They will be on Monday, November 20, at the St. Louis County Courthouse in Virginia, and the following Monday, November 27, at the St. Louis County Courthouse in Duluth. Both meetings will start at 7 p.m. The November 27 meeting will also be livestreamed on the county’s Facebook page.
Commissioners are expected to vote on the final budget for 2024 on December 19.
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