The chart bellows shows two things: the dollar increase in property taxes since 2010 and the Levy adjusted for inflation since 2010. Note that when the levy is adjust for inflation that there has been only a slight increase over inflation.
A significant portion of the County’s programs and services is mandated by the State or Federal government. A study done by Ramsey County determined that more than 85% of their county’s budget was required to pay for the cost of programs and services mandated by the State or Federal government.
Olmsted County funds programs to provide housing for low-income county residents. The HRA property tax was increased. It will provide an additional $750,000.
The chart below shows the approximate financial impact on county residents. It combines the County and HRA (housing) property tax.
Low-income homeowners and renters may receive a property tax refund which reduces the impact of property taxes and assists them with their family budgets. The chart below shows the average refunds that were paid to residents in 2017.