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Management Analysis

Price of Government

Why this is important
The County Price of Government is a measure of the Dakota County economy’s ability to generate property tax revenue necessary to fund county programs and services.  In other words, the Price of Government is the tax cost that residents pay for all County government services as a percentage of total personal income generated by residents of Dakota County.

government-price.jpgWhat the data show
This figure shows county levy and non-county levy as percent of total personal income of all county residents.   A proportion of the property tax revenue is allocated directly to Dakota County, called county levy. The rest of the property tax is collected by the county, and then distributed to fund school districts, cities/townships, and special taxing districts. This is labeled as non-county levy.

County levy (as a percentage of total personal income within the County) remained stable between 2002 and 2008, peaked in 2009 (0.74%) and has been decreasing since then.  Non-county levy as a percentage of county income increased between 2002 and 2010, peaked in 2010 (2.31%) and has been decreasing since then.

County levy as percent of total personal income within the County decreased between 2009 and 2013. The reason for this decline is that the total county levy increased at a slower rate (1%) compared to the increase in county total personal income across the County (15%) over the same period. This decline means that the property tax cost of Dakota County’s programs and services has been decreasing in relation to growth in the economy.

Last updated: 4/16/2013 5:52 AM