Minnesota property taxes could drop for the first time in a decade

  • Article by: Jennifer Brooks , Star Tribune
  • Updated: July 30, 2013 - 11:26 PM

Minnesota Department of Revenue projects that property taxes will decline by $121 million in 2014.

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lafoolJul. 30, 1311:00 PM

I sure wish Vegas would place odds on things like this actually happening... for those keeping score, a projected $121M property tax decrease only cost $120M in new homestead credits and $80M (16%!!) increase in LGA. Which means this "investment" has a Return on Investment of never. Assuming it actually shows up (if Vegas is looking for a place to start wagers, I would put the over/under at $105M...)

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dazel21Jul. 31, 13 1:07 AM

Is this what a 2 billon dollar tax increase gets me ? thanks.

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kleindropperJul. 31, 13 6:30 AM

The operative word in the headline is "could". Don't expect a decrease in your property taxes, especially if you are in Minneapolis, who recently had its credit downgraded.

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schristeJul. 31, 13 6:36 AM

Lafool - if it doesn't you should be calling your local county and city officials. Go to the truth in taxing meetings and see that your opinion gets heard.

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libsheepJul. 31, 13 6:42 AM

Okay, someone do some research and find out when increases in LGA/CPA actually reduced property taxes. Usually, it means increased spending at the city and county levels with no property tax reduction. Gov Dayton again is clueless and so is his entire staff.

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EleanoreJul. 31, 13 7:05 AM

I'll believe it when I see it. Until then this is nothing more than smoke and mirrors theatre.

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nonewtaxesJul. 31, 13 7:24 AM

Fat chance!

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countrygentJul. 31, 13 7:27 AM

Mark? What makes you say such off-the-wall things? Don't you have a press secretary to filter your comments? The chances of our local governments passing up this windfall and giving it to the taxpayers is non-existent. Time to wake up Mark.

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sunspotsJul. 31, 13 7:34 AM

I remember the last time this was done when the state took over K-12 and that was a one-time direct removal off the property tax. Within a year my local governments had raised my taxes back to above what they were before so we all got higher state taxes and same to higher local taxes. This is deja vu. I really wish they would stop trying to help us. The viking revenue didn't materialize, the tax revenue projections will come up short and then who will the governor Dayton come after next.

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pitythefoolsJul. 31, 13 7:35 AM

1.5% is news? If you pay $4,000 your property taxes may go down 60 bucks! No doubt my assessment will go up 4%.

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