More on the Minneapolis Property Tax hike… Here is a related article on the subject.
Has anyone stopped to ask, what am I getting for an additional 2% or 4.7% in property taxes? Are we getting more services? Is there value in paying more? As a consumer we have the freedom of choice on whether or not to buy the product. As a taxpayer, the only freedom we have is to VOTE.
The owner of a $200,000 home in Minneapolis will pay $3,142 in property taxes in 2011. That’s far more than some Hennepin County neighbors, like Edina ($2,275), Plymouth ($2,315) and Orono ($1,860). But a Minneapolis tax bill is less than in Brooklyn Center, where a $200,000 homeowner will pay $3,340 in 2011.
In 2010, the most recent year of data collected by the LMC, only 15 of 142 metro municipalities had higher property taxes than Minneapolis.
Since that data was calculated, however, property taxes in Minneapolis have increased by 4.7 percent, though homeowners were hit harder. The owner of a $200,000 Minneapolis home in 2010 paid $2,725 in property taxes, compared to $3,142 in 2011. Read Full Story from the Downtown Journal
What about for the homeowners who are struggling to make ends meet with fuel and food prices stretching their budgets to a maximum. Did they all get a pay increase this year where they can easily afford additional monthly property tax payments?
- Rybak proposes 2% property tax increase in Minneapolis (craigkamman.wordpress.com)
- Case Shiller Home Value Index MN vs. MN Property Tax revenue (craigkamman.wordpress.com)