Olmsted County shares 2025 budget information
December 18, 2024
Olmsted County’s 2025 budget was approved by the Olmsted County Board of Commissioners on December 17, 2024.
The 2025 budget for Olmsted County and the Housing and Redevelopment Authority (HRA) combined totals $428,667,792. Of this total, $137,862,741 is funded with county and HRA property taxes of $132,690,673 and $5,172,068 respectively. The remaining $290,805,051 of our budget comes from federal, state, and other local revenues; charges for services; transportation taxes; bond proceeds; reserves; interest income; and other miscellaneous sources.
The county’s 2025 $132,690,673 property tax levy is a 5.57% increase over 2024.
Here’s how the county and HRA property tax breaks down by person and household.
Per person
| Taxes Payable Year |
Property Tax All Property Types |
Property Tax Per Person Per Year |
Property Tax Per Person Per Month |
| 2025 | $138.0 million | $802 | $67 |
| 2024 | $130.6 million | $777 | $65 |
| $25 | $2 |
*Estimated population used for 2024 and 2025 respectively are 168,055 and 172,000.
Per household
| Tax Payable Year |
Property Tax Residential and Apartments Only |
Average Property Tax Per Household Per Year |
Average Property Tax Per Household Per Month |
| 2025 | $88.5 million | $1,309 | $109 |
| 2024 | $83.8 million | $1,260 | $105 |
| $49 | $4 |
*Estimated number of households used for 2024 and 2025 respectively are 66,528 and 67,687.
The tax classification system is established by the authority of the State of Minnesota, not Olmsted County. Olmsted County is responsible for the valuation and classification of property as well as the collection of property tax. On our website, you can find valuable information to help understand the property tax system and learn more about tax deferral and relief programs, some of which are also administered in part by Olmsted County in accordance with state law. For instance, state law recently adjusted the homestead value exclusion reducing the tax impact on moderately valued homes.
“The approved Olmsted County 2025 operating budget is the result of several months of preparation, thoughtful deliberation, and feedback from our residents about our programs and services,” said Olmsted County Administrator Travis Gransee. “We are careful stewards of taxpayer dollars and consistently work toward financial and operational excellence. This budget is no exception.”
For further details regarding Olmsted County’s 2025 budget, view the resources available on the county’s budget webpage.
2025 Olmsted County Budget in Brief: Provides an overview of the Olmsted County budget and taxes assessed by the county and other taxing entities. It also features examples of Olmsted County’s work to provide effective and efficient government using the tax levy and other revenue.
2025 Olmsted County Truth in Taxation: Contains information about Olmsted County’s budget and levy. This presentation occurred in a public meeting on December 5, 2024 before the Olmsted County Board of Commissioners.
2025 Olmsted County Legislative Priorities: The Olmsted County Board of Commissioners also adopted nine priorities for the 2025 state legislative session on December 17, 2024. The county identifies advocacy priorities, such as local infrastructure projects to promote a safe, healthy, and sustainable environment and regional and statewide initiatives to support the health and well-being of residents, such as improvements to the mental health system and clean water. More information on the county’s 2025 state legislative priorities is on the Olmsted County website.
“As 2024 comes to a close, I am proud of Olmsted County's work to fulfill our mission and help make Olmsted County an excellent place to live, work, and visit,” continued Gransee. “I encourage residents to get engaged with Olmsted County throughout the year to learn more. Visit our ‘Engage with Olmsted County’ webpage to find ways to connect with us!”
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Media contact: Rachel Wick, Communications Specialist, 507-328-6537