Focus Newsletter Final property tax numbers for 2016

May 31, 2016  •  No. 9
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  • Summary
  • Gross property taxes to be collected this year rose 2.3% to $10.6b. School taxes, the single largest share of the levy at almost 46%, increased 2.0%, as did counties (20% of the total). Municipalities accounted for 25% of total levies and rose 2.2%. After dropping last year due to a $400-million state“buy down” of their levies, technical colleges increased their taxes 2.4%.

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