It is Property Tax season, the Assessors have been making their rounds valuing the properties and your 2nd Half property taxes are due Friday…
Every year property taxes keep increasing while our values keep dropping. This coming year most of the Cities property taxes are going up, the State reworked the Homestead Tax Credit to the Homestead Exclusion and to top that off there is talk of many school districts wanting an increase also. We all feel like victims to this cycle and that there is nothing we can do. Michael Bolton, a local appraiser has a great post about the process of valuations and the procedures for appealing your property taxes.
Take a few minutes to read his post and ask specific questions about your situation.
- Twin Cities Metro Area Property Tax Rates (craigkamman.wordpress.com)
- Minnesota property taxes heading higher (craigkamman.wordpress.com)
- The Homestead Market Value Exclusion, MN property taxes going higher. (craigkamman.wordpress.com)
- Rybak proposes 2% property tax increase in Minneapolis (craigkamman.wordpress.com)