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Minnesota

iemanja

(57,138 posts)

5. Frey proposed raising property taxes by 7.8%, which I read yields an effective rate of 12%

Reply to Ocelot II (Reply #4)

Wed Nov 5, 2025, 02:44 PM

Nov 5

It was a point of discussion during the debates. Fateh said the money should be raised through a wealth tax because of the regressive nature of property taxes.
https://kstp.com/kstp-news/top-news/mayor-jacob-frey-2026-minneapolis-budget-address/

The city implements levies which go on top of the county's tax assessment. Frey's proposed a levy increase of 13%, but his staff got it down to 7.8%.
https://bringmethenews.com/minnesota-news/mayor-jacob-frey-proposes-7-8-property-tax-levy-increase-in-minneapolis

https://www.axios.com/local/twin-cities/2025/08/13/minneapolis-budget-tax-hike-mayor-frey

I can't find a reference to the 12% yielded rate. I know I read it somewhere, but since I can't find it now, I may be mistaken.

Other sources.

https://www.bing.com/search?q=frey%20property%20tax%20increase%20strib&qs=n&form=QBRE&sp=-1&ghc=1&lq=0&pq=frey%20property%20tax%20increase%20strib&sc=12-32&sk=&cvid=E70854E5BF0A4501B7E393E2D1F69296

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Highlight:

Frey wins a third term as Minneapolis mayor after second round of vote counts. [View all] Ocelot II Nov 5 OP

Not great, but also not bad sboatcar Nov 5 #1

Hallelujah! Still some hope for the city question everything Nov 5 #2

Yeah, our property taxes go up 12% iemanja Nov 5 #3

The county auditor (Hennepin County) determines property taxes, not the city. Ocelot II Nov 5 #4

Frey proposed raising property taxes by 7.8%, which I read yields an effective rate of 12% iemanja Nov 5 #5

Latest Discussions»Region Forums»Minnesota»Frey wins a third term as...»Reply #5