Residents of Minnetonka, brace yourselves for a hike in property taxes as the City Council gears up to adopt the 2026 budget and tax levy this December. The preliminary levy set back in September by the council indicated an increase of 7.935 percent. This uptick is partially earmarked for the continued rollout of the public safety master plan, making up 2.6 percent of the total. Another 0.735 percent has been allocated to community facility enhancements, including fire station improvements.
The final figures are set to be locked in on Dec. 8, according to an announcement from the city. For the median-valued home in Minnetonka, which sits at $521,300 for the 2026 tax year, this means an annual property tax surge of approximately $169. However, the specific impact will shift from property to property, contingent on each home's assessed market value. And it's worth noting, these numbers don't even factor in any potential tax increases from other local authorities, like the county or the school district.
But if you're seeking clarity or wish to voice your opinions, the council is hosting an open meeting on Monday, Dec. 8, at 6 p.m. in their chambers. It's a chance for the public to discuss the 2026 budget and put forth their views directly. Additional details about the budget process can be found, and feedback submitted, on the city's Minnetonka Matters portal, a resource for residents wanting to stay informed and involved.
As Minnetonka navigates its fiscal future, this budgetary move is a reflection of the city's priorities in public safety and infrastructure renewal. Financial debates like these are never taken lightly, as they aim to balance civic growth and maintenance with the economic burden shouldered by homeowners. Be part of the conversation and understand where your tax dollars are going by attending the upcoming meeting, or dig into the finer points of the budget at Minnetonka Matters.
