Skip to main content

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.
  • Author:
  • Updated:
    Original:

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.

Next Up

Screen Shot 2022-05-21 at 9.56.21 AM

North High principal Mauri Friestleben returning to finish year

The principal said Friday she had been fired from her role over her support of a student protest.

ambulance

One dead, two injured in wrong-way crash on Hwy. 169

The crash occurred on Highway 169 early Sunday morning.

minneapolis police

Man fatally shot overnight in north Minneapolis

The shooting was reported around 2:20 a.m.

Screen Shot 2022-05-22 at 8.30.08 AM

Campsites closed at Voyageurs National Park due to 'historic' water levels

All backcountry trails and campsites are closed, as well as many frontcountry sites.

state capitol Minnesota

Lawmakers reach agreement on tax cuts ahead of session's end

Lawmakers announced they had reached a deal on a tax bill Saturday ahead of the looming session deadline.

281699116_10226502238438986_800951410789352812_n

Victims of daytime drive-by shooting in Robbinsdale identified

The two men died after a hail of bullets struck a vehicle.

Screen Shot 2022-05-22 at 8.14.37 AM

Source of 'loud explosion' in Brooklyn Park a mystery

The noise was investigated by police, but no source could be determined.

covid, vaccine, booster shots

COVID: All Americans over 50 advised to get a second booster

Cases, hospitalizations and deaths are on the rise again as new COVID variants emerge.

J.W. Peck (left) and Eric Galler.

2 Minnesotans inducted into White Castle's Hall of Fame

White Castle — it's what a man in Minneapolis and another in Woodbury, crave.

Screen Shot 2022-05-21 at 5.46.37 PM

Video shows officers ended pursuit before fatal crash in Anoka

The crash occurred when the driver fled police during an attempted traffic stop in Coon Rapids.

Eli Hart

6-year-old Eli Hart identified as boy found dead in car trunk

The kindergartner's father was trying to get full custody of his son.

IMG_3509

Boy found dead in trunk of car in Mound was kindergartner

"It is horrifying and difficult to process a tragedy of this magnitude, especially in our close-knit community," the superintendent wrote.

Related

Report shows Minnesota property taxes rising fastest outside the Twin Cities

Property taxes are up all over Minnesota this year. But while the Twin Cities area deals with hikes of a little over 3 percent, the increases approach 9 percent in the rest of the state. Some of the biggest increases are in Duluth and on the Iron Range.

Ely residents hit with dramatic tax hikes confront city leaders

Some homeowners say their property taxes are going up 40 or even 60 percent. Much of that increase comes after the state government cut the Market Value Homestead Credit, and Ely officials say they need to raise taxes to make up for cuts in Local Government Aid

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.

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 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.

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.

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.