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Minnesota State Wire

Wednesday, September 10, 2025

Minnesota's Q4 2024 property tax revenue up 1,014.3% from previous quarter

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

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

Minnesota collected $312 million in property taxes during the fourth quarter of 2024, a 1,014.3% increase over the third quarter of 2024, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the third quarter of 2024 was $28 million.

Overall, Minnesota collected $9.1 billion in combined tax revenues in the fourth quarter of 2024, an increase from the $8.9 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.

Q4 2024 Minnesota Tax Collections
Type of TaxAmount (millions)
Property Taxes$312
Sales and Gross Receipts Taxes$3,485
Income Taxes$4,765
License Taxes$408
Other Taxes$143
Source: U.S. Census Bureau

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