ST. PAUL, Minn. (KTTC) -- There's good news for Minnesotans, as Governor Mark Dayton announced Tuesday that property taxes are expected to decrease for the first time in more than a decade.
The Department of Revenue predicts that local property taxes will fall by 120-million dollars statewide next year.
Department of Revenue commissioners say that's due to a boost in state aid to cities and counties, and a new sales tax exemption for local government.
"Clearly is a projection, based upon prior experience, what we we've seen counties and cities do with this kind of aid. And we will see how they do it. Obviously it's up to the local officials," Minnesota Revenue Commissioner Myron Frans said Tuesday.
We won't know until February exactly how much property taxes will fall, but Governor Dayton says it's one of the first dividends of raising income taxes on the wealthiest Minnesotans..
Republicans questioned the administration's calculations.
Meanwhile, homeowners have until August 15th to apply for a property tax refund.
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