Establishes levy limits for local governmental units in Minnesota, effective for property taxes payable in 2027 and thereafter.

The bill amends Minnesota Statutes to establish levy limits for local governmental units. It modifies the levy limit base calculation for taxes payable in 2027 and thereafter, incorporating factors such as the percentage change in the implicit price deflator and the percentage increase in the number of households. The adjusted levy limit base for taxes payable in 2028 and thereafter is increased by the greater of zero or the difference between the levy limit certified by the commissioner of revenue and the adjusted levy limit base.

Establishes levy limits for local governmental units in Minnesota, effective for property taxes payable in 2027 and thereafter.

The bill amends Minnesota Statutes to establish levy limits for local governmental units. It modifies the levy limit base calculation for taxes payable in 2027 and thereafter, incorporating factors such as the percentage change in the implicit price deflator and the percentage increase in the number of households. The adjusted levy limit base for taxes payable in 2028 and thereafter is increased by the greater of zero or the difference between the levy limit certified by the commissioner of revenue and the adjusted levy limit base.