Home values fall, property taxes rise; homeowners ask "What gives?"

The Legislature's decision to replace the homestead tax credit with a market value exception saved the state money ... by shifting the cost onto local property taxes. That's the main ingredient in a mix of factors pushing up property tax bills around the region.
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The Legislature's decision to replace the homestead tax credit with a market value exception saved the state money ... by shifting the cost onto local property taxes. That's the main ingredient in a mix of factors pushing up property tax bills around the region.

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ND voters embrace their property taxes

Voters in North Dakoka -- flush with oil boom money and enjoying the lowest unemployment in the nation -- had the chance Tuesday to become the first state to cast off property taxes. But in the end, voters decided to keep the $800 million a year the taxes raise.

Property-tax warnings hit record high in Hennepin County

The number of delinquent taxpayers in Hennepin County has dropped, but more taxpayers are at risk of losing their properties to pay off their tax bills. Hundreds of property owners owe the county nearly $43 million in back taxes and penalties. The Star Tribune reports the county sent out a record 931 notices last year warning owners the deadline to redeem their properties was about to expire.

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.

GOP lawmakers looking to slash business property taxes

The proposal would cut taxes by about 30 percent over the next six to 12 years. The House Taxes Committee Chairman Greg Davids told the Pioneer Press it would be the "bigger job creator." DFL Gov. Mark Dayton hasn't ruled out the Republican plan, but doesn't know how they plan to pay for the tax cut.

Legislators hoping to tackle tax relief

When legislators return to the Capitol Monday, they'll have one thing on their minds: tax relief. House Republicans are looking to cut business taxes while Senate Republicans are hoping to get rid of the so-called "marriage penalty." Governor Dayton says he likes cutting taxes as much as anyone, but, isn't clear on where the money will come from.