Skip to main content

Property tax increases will likely mean higher rents next year

Recent changes to the state's property tax rules are increasing taxes on apartment owners, and many of them may pass those costs on to their tenants. High demand and few vacancies aren't helping the situation for renters.
  • Author:
  • Updated:
    Original:

Recent changes to the state's property tax rules are increasing taxes on apartment owners, and many of them may pass those costs on to their tenants. High demand and few vacancies aren't helping the situation for renters.

Next Up

Airport traveler flying pixabay

Man who had meth, guns in checked luggage at MSP Airport gets 10 years

Kevin Alan Aguilar-Moreno, 21, attempted to board a Delta flight to Phoenix in October of last year.

Screen Shot 2022-08-08 at 7.13.33 AM

Family identifies man killed by police in Otsego

The 21-year-old was reportedly experiencing 'mental health challenges' and allegedly had a knife when deputies opened fire.

88 S 11th St, Minneapolis, Minnesota - April 2022 (1)

Gun found on WCCO-TV rooftop after homicide in Minneapolis

It's the 56th death reported as a homicide in Minneapolis this year.

Screen Shot 2022-08-07 at 11.43.15 AM

Deputies fatally shoot man in Wright County

Police claim the man, who had allegedly been experiencing a mental health crisis, was armed with a knife.

Ambulance hospital emergency

17-year-old killed in northern Minnesota crash Saturday

The other drive involved in the crash, a 75-year-old man, sustained life-threatening injuries.

ATV

Alcohol a factor as driver rolls ATV into corn field, injuring 3

The crash occurred in Lake Lillian Saturday night.

Minneapolis police

Man dies after being found shot at Minneapolis' 38th and Chicago

Responders were called to the scene early Sunday morning.

Screen Shot 2022-08-07 at 6.34.12 AM

7 children arrested after 'disturbance' at Cabela's, escape in stolen vehicle

Employees called police saying the children were stealing goods from the store.

Screen Shot 2022-08-06 at 6.16.49 PM

Fire sparks evacuation from apartment building, man arrested for arson

Police and fire crews responded to the fire just before 9 a.m. Saturday.

Flickr - utility pole power line

Morning storms cause power outages, ensuing problems in Eagan

There have been reports of disabled traffic lights and issues at local businesses.

kim crockett facebook sos

GOP nominee questions if those with disabilities, non-English speakers should be able to vote

Crockett made the comments in a 2020 radio interview following a ruling from the Minnesota Supreme Court.

Related

State budget deal may mean higher rents

The credit was cut as part of a debt deal to end the government shutdown earlier this summer. But MPR reports apartment renters and small commercial properties will likely be hit the hardest -- with tax increases around 17 percent.

Early numbers suggest most of us will see higher property taxes

MPR cautions that property taxes can be a complex thing in Minnesota. Most increases will be in the single digits.

Minn. agriculture land boom means shift in property tax burden

Counties in southwest Minnesota are seeing record land prices with rates expected to keep climbing. Officials say rural landowners should expect a 2012 property tax increase of 20 to 30 percent.

Republicans say property tax relief will be 'top-tier priority' in next session

A bill from the chairman of the House Taxes Committee would grant larger tax refunds to homeowners whose property tax bills are soaring. The bill would also slash taxes for all businesses. But the top House Democrat on property taxes says Republicans missed a chance to cut property taxes earlier this year.

Two themes in 2011: Higher property taxes, fewer jobs in local government

Minnesota Public Radio takes a look back at the year and finds two trends in how communities across the state are wrestling with budgets. Property taxes, which have been rising for more than a decade, continue to go up as local governments try to make up for losses in state aid. Many municipalities are also cutting into their own budgets and payrolls to find savings on the other end.

Dakota County votes to not raise property taxes

But many homeowners will see their tax bills increase anyway because lawmakers cut the Market Value Homestead Credit as part of a debt deal to end the government shutdown earlier this summer.

Republican pledges to fix property tax change hurting rural Minnesota

Gov. Dayton and lawmakers earlier this year replaced the homestead market value credit, which lowered many Minnesotans' property taxes, with a new program. But local governments say the new plan is raising property taxes significantly. And poor, rural Minnesotans are bearing the brunt of it.

Property tax statements bring new round of political acrimony

DFL lawmakers say higher property tax bills appearing in mailboxes show that Republicans were not honest when they claimed to have balanced the state's budget without raising taxes. But the current political clamor over taxes is likely just a warm-up for next year, which happens to be an election year.