In September, the St. Louis Park City Council approved the 2024 preliminary property tax levies with a combined 7.7% increase over the 2023 property tax levies. It’s important to note this is a preliminary tax levy only. By law, cities are required to set their preliminary levy in September, then finalize it in December. The final property tax levy may be lower than the proposed 7.7% preliminary tax levy, but it can’t be higher.
St. Louis Park relies on levy revenue to support operating and capital funds. The recommended 2024 budget includes several changes from last year. Most changes fall into one of two categories:
- Adjustments needed to maintain current service level.
- Adjustments made to increase the level of service provided or to invest in new programming aligned with the city’s strategic priorities.
These changes and the city’s overall 2024 budget will be examined in more detail in the February Park Perspective. Visit the finance page for more information about the 2024 proposed tax levy.
What it means for you
On the average median-value home of $373,300, the proposed 7.7% property tax levy adds about $5.61 more per month than the 2023 property tax bill. Regardless of the final tax levy, the St. Louis Park portion of your property tax may go up or down from 2023 to 2024. This is due to multiple factors, including changes to your property value and changes in the values of other properties in the community.
We want your feedback
Here’s how you can comment on the 2024 budget proposal and proposed tax levy before its final adoption, Dec. 18, 2023:
- Email budget@stlouisparkmn.gov with your comments or questions.
- Participate in a public hearing at the St. Louis Park City Council meeting Dec. 4, 6:30 p.m., City Hall Council Chambers, 5005 Minnetonka Blvd.
Truth-in-taxation notices
Truth-in-taxation notices are mailed in November. They show the proposed tax amount for the following year for each taxing jurisdiction and include the meeting dates where you can provide input.
