MN HF3779

Metropolitan Council may levy a property tax on all taxable property in the metropolitan area to fund acquisition or development of regional recreation open space through implementing agencies.

Initial tax levy limitation is $6,700,000 for taxes payable in 2023, with subsequent years adjusted annually by the implicit price deflator growth rate.

Actual property tax levied in any year cannot exceed the levy limitation minus any debt service levies certified for general obligation bonds.

Commissioner of Revenue must certify the levy limitation by August 1, and the Metropolitan Council must certify its proposed levy by September 1 of each levy year.

Effective for taxes payable in 2023 and thereafter in Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, and Washington counties.