Higher property tax revenue in Minnesota during Q2 2023

Paul Marquart Commissioner of Revenue at Minnesota Department of Revenue | Minnesota Department of Revenue

By Minnesota State Wire

Jul 3, 2023

Minnesota collected $402 million in property taxes during the second quarter of 2023, a 2,992.3% increase over the first quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the first quarter of 2023 was $13 million.

Overall, Minnesota collected $10.1 billion in combined tax revenues in the the second quarter of 2023, an increase from the $8 billion collected in the previous quarter.

In addition to detailed tax revenue data from each state, the Quarterly Summary of State and Local Government Tax Revenue includes an estimate of state and local government tax revenue at a national level.

The Census Bureau cautions that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.

Q2 2023 Minnesota Tax Collections