Tax bite declines on metro homes

  • Article by: ANTHONY LONETREE , Star Tribune
  • Updated: December 2, 2012 - 3:41 PM

While many Twin Cities homeowners will see a drop, taxes on other properties will rise.

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reader2580Dec. 2, 1212:03 AM

My property taxes are going up over 10% for next year! My home value stayed the same within $1000 and no new school levies.

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jimjimjimjimDec. 2, 12 6:03 AM

The entire process of assessing and taxing properties is a crime. From 2004-2011 my property value dropped 30% and I never had my taxes decreases. Prior to 2004 my valuation increased and my taxes skyrocketed. The assessor said when values go up so do taxes - amazing that they don't go down when values decrease.

This year my valuation is up 10K and my property taxes are proposed to go up 5.4%. None of this makes any sense. I moved here when Perpich was governor and saw property taxes increase 10-20% annually under him. We are headed back in that direction today with the DFL controlling everything.

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munsterlandrDec. 2, 12 7:25 AM

Every year I appeal my home value & every year I am successful in getting the value dropped. Our home value is now 30% lower than it was 3 years ago. Despite this, our tax bill for Ramsey County is HIGHER now than the year before the first time we got the value dropped. It seems Government can't do with less. We are near retirement and are being taxed out of our home. Our real estate tax bill alone consumes over 12% of our annual income. We are not alone in this problem. Almost all our neighbors are fighting the same problem - bloated government spending on the backs of the old style Americans, now the elderly, that worked and paid taxes their entire lives, and are now expected to continue footing the tax bill even after they retire.

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sfod93Dec. 2, 12 8:08 AM

Most of our properties are seeing tax increases again this year... anywhere from 2.6-2.7 percent. Not sure what part of town they are decreasing? Not ours.

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pitythefoolsDec. 2, 12 8:20 AM

My taxes are now the lowest that they've been in 13 years. But then, the value of my house is lower than it was 13 years ago.

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DLBabatzDec. 2, 12 8:55 AM

There are two general factors that determine your property tax amount. Most understand that the assessed value of their home is one factor. Many do not fully understand that the assessed value of their neighbor's home (and all properties in the community/state) affects their tax amount. It is hard to describe in a brief comment here, but your property value is just used to figure out your portion of the total levy that cities, counties, and school districts assessed. So if every property increased OR decreased exactly the same percentage as all other properties, all else being equal, no one's tax amount would change. Of course, relative property values do change. Some people make improvements, some neighborhoods become relatively more desirable. Other areas become less desirable, etc. Taxing jurisdictions increase their levies, where other jurisdiction allow levies to expire. So in recent years when most of us have seen decreases in our assessed property values, that has not translated into decreased tax amounts, because everyone in our communities have seen a substantially similar decrease in value. Therefore, our share of the total levy typically has remained substantially unchanged.

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huns0004Dec. 2, 12 9:08 AM

I live in South Minneapolis, and my property taxes are going down 9% for next year. No complaints here!

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KayBillDec. 2, 12 9:13 AM

the taxes on my 80 acre farm are going up 20.5 percent for next year.... my neighbor's parcel going up 37 percent, and another I know of in the same area 44 percent....Mille Lacs County!

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austin1227Dec. 2, 12 9:17 AM

My taxes are going up and I live on the northside. Someone's gotta pay for all those new stadiums!

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pitythefoolsDec. 2, 12 9:45 AM

KayBill: "the taxes on my 80 acre farm are going up 20.5 percent for next year"

I understand there's a boom on farmland prices. How much did the value of your land go up last year?

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