WCCO EYE4 LOGO WCCO Radio wcco-eye-red01, ww color red
YouthLink Phone Bank: To donate, call 1-800-542-9226 or donate online. | About YouthLink | Accomplish MN

Local

Report: Expect Higher Property Taxes Next Year

View Comments

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up
Today's Most Popular Video
  1. Chelsea Clinton Gives Birth To Daughter, Charlotte
  2. Finding Minnesota: Theater In The Garage
  3. Minnesota Vocalist Vie For A Spot In Minnesota Sings
  4. MN Mom In Court Monday For Giving Son Medical Marijuana
  5. Metro Business Leaders Sleep Outside For Youthlink's 'Night Of Hope'

MINNEAPOLIS (WCCO) – Everyone can expect to pay more in property taxes next year, according to a new report by the non-profit think tank Minnesota 2020.

The report finds the average homeowner will see an increase of about 4.6 percent next year. Rental properties will go up about 7 percent.

The public policy group’s founder, Matt Entenza, said their findings are based on non-partisan data from the state legislature.

“The impact is hardest hit in communities like Brooklyn Center and Fridley and Columbia Heights and others that are post-war communities that have homes that are of slightly lower values and don’t have big, commercially-industrial bases,” Entenza said.

Entenza said communities are forced to raise taxes, not just because local aid has been reduced, but also because the homestead credit has been cut.

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 1,874 other followers