Minnesota Property Taxes by Fiscal Year

Actual Revenue 2008 to 2017 and Forecast 2018 to 2021

$11B

$8.25B

$5.5B

Actual Forecast

$2.75B

$0B
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

Property taxes shown prior to refunds or rebates.

Source:
Minnesota Management and Budget, Consolidated Funds Report and Price of Government Report.
Minnesota Department of Revenue, Tax Research Division, Property Tax Table Worksheet, February 20, 2018.
 Share of Corporate Taxes as a Percentage
of State and Local Tax Revenue
Actual Revenue 2015 to 2017 and Forecast 2018 to 2021

5.0%

4.0%

Actual Forecast

3.0%

2.0%
2015 2016 2017 2018 2019 2020 2021

Source:
Minnesota Management and Budget, Consolidated Funds Report and Price of Government Report.
Minnesota Department of Revenue, Tax Research Division, February 20, 2018.
 Minnesota Price of Government
State and Local Revenues as % of MN Personal Income
1994–2017 Actual and Forecast 2018–2023

18.0%

13.5%

9.0%

Data
Unavailable Actual Forecast
2002–2003

4.5%

0.0%
1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Source:
Minnesota Management and Budget, Price of Government Report, November 2018.
 Federal Corporate Tax Rate Cuts
vs. Minnesota Corporate Tax Rate
Federal and Minnesota, 2017

15%

10%

14%
Federal
Corporate Tax Cut
in 2017 9.8%
Minnesota Existing
5% Corporate Tax Rate
(Before apportionment
and allocation of
additional cuts)

0%
Federal Tax Rate Cut Minnesota Tax Rate