Proposed property tax levies for 2010 increase by average of 3.5 percent statewide

Saint Paul, MN – November 19, 2009 – (RealEstateRama) — Property tax levies will increase an average of 3.5 percent statewide if proposed local tax levies are adopted later this year, the Minnesota Department of Revenue announced today. This compares to last year’s increase of 5.6 percent and an average increase of 6.9 percent during the past three years.