Property tax levies for 2011 up by 2.6 percent – the lowest increase since 2002

Saint Paul, MN – November 26, 2010 – (RealEstateRama) — Property tax levies will increase an average of 2.6 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 3.1 percent increase and an average change of 5.3 percent over the past three years