Perham approves preliminary 6% tax levy for 2024

Perham, Minn. (KPRW) – The Perham City Council approved a 6% preliminary tax levy for 2024 during their meeting on Wednesday.

Jonathan Smith, city manager for Perham, said the city anticipates the tax capacity for Perham will increase 5.4%, which will result in higher property taxes than last year.

The preliminary maximum tax levy is required by state statute to be passed by local government entities so the information can be printed onto property tax notices that will be sent out to residents in coming weeks. The tax levy can be lowered from the preliminary amount, but it cannot be increased

Smith said the city hopes to lower the levy percentage over the next couple months. Adding, a 5%, or even 4%, tax levy is not out of the question, which would result in a slight decrease in property taxes.

The final tax levy and budget must be passed by the end of the December.