Some condo and townhouse residents are frustrated as they watch their home values decline and their association fees rise. The Star Tribune says some residents didn't read the fine print, others disagree with the community's decisions or rules.
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.