Minnesota HF4809 establishes levy limits for local governmental units, adjusting the levy limit base for property taxes.

Minnesota HF4809 amends the levy limit base for local governmental units, setting it as the final levy certified by the local governmental unit in the preceding year, subject to adjustments. For taxes levied in 2008 through 2010, the adjusted levy limit base is calculated by multiplying the levy limit base by specific factors, including the percentage growth available. For taxes payable in 2027 and thereafter, the adjusted levy limit base is determined by the percentage change in the implicit price deflator and other factors.

Minnesota HF4809 establishes levy limits for local governmental units, adjusting the levy limit base for property taxes.

Minnesota HF4809 amends the levy limit base for local governmental units, setting it as the final levy certified by the local governmental unit in the preceding year, subject to adjustments. For taxes levied in 2008 through 2010, the adjusted levy limit base is calculated by multiplying the levy limit base by specific factors, including the percentage growth available. For taxes payable in 2027 and thereafter, the adjusted levy limit base is determined by the percentage change in the implicit price deflator and other factors.