What determines Orono’s tax rate?
Tax Rate = Tax Levy ÷ Property Values
- “Tax Levy” reflects the city’s spending, approved by the Mayor and City Council and paid by Orono residents
- “Property Values” reflect the assessments by Hennepin County
Data Sources
- Tax Rate Data: https://www.hennepin.us/residents/property/taxing-district-information Tax Rates > Breakdown (PDF) > Tax Capacity Rate
- Tax Levy Data: https://www.hennepin.us/residents/property/taxing-district-information Tax levies > City/Town (PDF) > Certified Levy
- Property Values: https://www.hennepin.us/residents/property/taxing-district-information Values > Tax capacity by city/town (PDF) > Adjusted Net Tax Capacity
- Estimated Market Values: https://www.hennepin.us/residents/property/assessment Property Assessment Report (PDF) > Estimated Market Value Medians by City
- Population Data: https://mn.gov/admin/demography/data-by-topic/population-data/our-estimates/pop-finder2.jsp (2024 data not yet available)