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Aik Anoka County ADMINISTRATION Communications September 27, 2023 Contact: Erik Thorson, Communications Director, 763-324-4612, or e-mail: Erik.Thorson@co.anoka.mn.us FOR IMMEDIATE RELEASE Anoka County Board Approves Preliminary 2024 Property Tax Levy The Anoka County Board of Commissioners approved a 15.44 percent preliminary property tax levy increase at the board's Sept. 26 regular meeting. The county's Truth in Taxation meeting is at 6 p.m. Nov 30. Details about that meeting will be posted on the county's website, anokacountvmn.Rov. The Board of Commissioners will approve the final levy and budget during their 9:30 a.m. Dec. 1 meeting. The levy can be reduced prior to final approval, but it cannot increase. The board noted, to lessen the financial burden felt by residents and businesses during the pandemic, the county was able to keep its property tax levy at a zero percent increase from 2021 to 2023. Even with the 2024 preliminary amount figured in, Anoka County's annual levy increase has been one of the lowest in the metro area. The 5-year average is at 3.87 percent. This figure is lower than the pace of inflation, which was at 4.64 percent over the last 5 years. Matt Look, chair, Anoka County Board of Commissioners, noted this year's preliminary levy is a departure from recent levies, and there are several reasons why the 2024 cap was set higher. "This budget reflects direct and indirect spending," Look said. "Inflation is indirect spending that's the cost of fuel, electricity, and more. Just about everything has increased substantially. Anyone who goes to a grocery store or does projects in their home knows that. In terms of the county's direct spending, the board made the choice last year to invest in our -more- Respectful, Innovative, Fiscally Responsible Government Center A 2100 3rd Avenue, Suite 700 A Anoka, MN 55303-5024 A www.anokacounty.us Office: 763-324-4700 A Fax: 763-324-5490 Affirmative Action / Equal Opportunity Employer