Most Minnesota farm families could get an extra $260 in property tax relief per year under legislation that’s meant to ease the squeeze they’re feeling between rising property taxes and falling crop prices.
According to the Federal Highway Administration, the average Minnesota driver pays $125 per year to register his or her car. But some of us pay much more, and some of us pay much less. So, when Joel Tracy of St. Paul found out his daughter paid almost $400 her new minivan’s tags, he was surprised. He had only paid $41 for his 2002 Tahoe. “I thought she stuttered,” Tracy said. According to Bruce Gordon, the director of communications for the Department of Public Safety, the car tabs fees are set by the state legislature.
Many Minnesota cities and counties will see a big bump in their state aid, and for that they’re being required to tamp down property taxes.
The first batch of bills in the Minnesota House will attempt to whittle away at state IOUs to schools, give more property taxpayers rebates, install a health care insurance exchange and prop up investment grant programs.
Minneapolis Mayor R.T. Rybak is proposing a 1.7 percent property tax increase as part of his budget talks on Wednesday.
Voters in North Dakota get a chance Tuesday to do something no state has ever done before: Not just lower property taxes, but abolish them. It’s a bold move, but critics say it will throw the state into chaos.
The Minnesota Senate voted Friday to reduce and eventually eliminate the state’s property tax on businesses and to give an income tax break to married couples.
The Minnesota has passed a Republican-sponsored bill to reduce and ultimately eliminate state property taxes on businesses, but which Democrats criticized for shifting money away from a tax credit for renters.
Minnesota House Republicans said Monday they’d push for property tax relief for home and business owners in the next legislative session, amid continuing fallout from the elimination of a popular property tax credit earlier this year.