(12/11/2024) The Anoka-Hennepin School Board approved a 1.20% reduction in the school portion of the property tax levy for 2025 following their annual truth-in-taxation public hearing at their Monday, Dec. 9 School Board meeting. 

Go deeper: Similar to cities, counties and other taxing authorities, the School Board authorizes property tax levies annually at their December meeting. The levies, which amount to $138 million in 14 different categories, amount to a $1.7 million reduction for next year, or 1.2%. 

Factors that impact the decreases in taxes include:

• $589,603 reduction in building lease funds due to the relocation of the Bridges and Pathways programs to the district-owned facility at the Two Rivers Transition Program at Franklin.  
• $681,264 increase in state aid programs that reduce the local taxpayer share.
• $2.4 million decrease in prior year adjustments that reflects revenue decrease from 2024. 

Increases in voter-approved operating referendums are based on student enrollment and annual inflation growth while increases in the voter-approved capital projects or technology levy is based on net tax capacity and not on enrollment. Increased funding for school-age care is also included as part of the levy authorization plan.

Impact: Homeowners who experience no increase in value should experience a decrease in the school district portion of property taxes paid while those with homes valued under $500,000 with a 5% or less valuation increase would see less than a .05% increase in school taxes.