Finance Department

350 S. 5th St., Room 325M
Minneapolis, MN 55415
finance@minneapolismn.gov

Minneapolis City Budget

In August, Mayor Betsy Hodges proposed a budget for the City of Minneapolis for 2015, which leads to a City Council process to review and approve a final budget in December. The proposed $1.2 billion operating and capital budget for 2015 includes a 2.4 percent increase in the City’s portion of the 2015 property tax levy, compared to 2014. Of the City’s total budget, only about 20 percent is funded through property taxes. Your property taxes fund basic City services such as:

2015 budget highlights
Highlights from the mayor's 2015 proposed budget include:

Why is Minneapolis’ portion of my property tax bill changing?
Minneapolis’ portion of your property tax may go up or down from 2014 to 2015 even though the City’s overall property tax levy is increasing by 2.4 percent.  With the significant growth in our tax base over the last year, the proposed increase in the levy means about 57 percent of all residential properties will see no increase in the City portion of their property taxes, or will see a decrease.

Property tax bill breakdown
When reviewing your property taxes each year, it’s important to recognize that you pay property taxes to several taxing authorities, though you will only receive one property tax “bill.” Here is how the average Minneapolis property tax bill breaks down:

Taxing Authority

Percent of Bill

City of Minneapolis

43%

Hennepin County

28%

School District

26%

Other Taxing Districts*

3%

*This is split between the Metropolitan Council, Metropolitan Transit, Metropolitan Mosquito Control, and the Hennepin County Regional Railroad Authority. 

Public Hearings
The Minneapolis City Council is considering the Mayor’s budget proposal and will vote to adopt a final 2015 budget on Dec. 10, 2014. Before that vote, there will be two public hearings for the public to comment on the 2015 budget proposal:

You can attend a hearing in person, watch on Minneapolis 79 (Comcast cable channel 79 in Minneapolis) or watch live on the City website.

Minneapolis 79 logo

Last updated Sep 19, 2014