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.
New projections about how much Minnesota homeowners, businesses and others will pay in property taxes this year have set off a dispute among Democrats and Republicans. The Department of Revenue released figures late Friday, but the feud carried into Monday and will undoubtedly persist into the fall campaign.
The final tally of property taxes due this year presents a mixed bag, with levies rising in some places but falling in others. The Minnesota Department of Revenue has posted jurisdiction-by-jurisdiction details on levies approved by counties, cities, townships, school districts and other taxing entities.
Minnesota property taxes owed this year are mostly static once refunds and credits are factored in, state officials said Friday, despite their earlier prediction that those taxes would drop considerably. A Department of Revenue analysis shows a net $8 million drop in a property tax system that generates $8 billion a year.
Preliminary figures from the Minnesota Department of Revenue show cities, counties and school districts could reap an additional $152 million next year from property taxes.
Here’s something you don’t hear every day — some of your taxes may be going down. Gov. Mark Dayton said Tuesday Minnesota property taxes are going down for the first time in a decade.
Minnesota lawmakers went out of their way to put a dent in property taxes by heaping hundreds of millions of new dollars into state allowances to schools and local governments. They also bolstered programs that supply direct-to-homeowner tax credits.
The late-arriving spring weather has given some Minnesota resorts and other seasonal businesses more breathing room on their property taxes. The Minnesota Department of Revenue is advising that some commercial property owners can have two extra weeks to make their first-half tax payments.
A top Minnesota Senate Democrat is out with his plan to chop property taxes by $150 million by having the state assume some school costs now picked up on the local level.
Special interest groups can spend the money to say almost whatever they want in a campaign commercial. And that’s what the liberal-leaning Alliance for a Better Minnesota does.
Mitt Romney is the person who needs to put up or shut up in his dispute with Harry Reid. There is no reason to believe a word he is saying about his taxes.
Voters in North Dakota have decided not to get rid of property taxes, despite all the money coming in from the oil boom to boost their local economy.
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 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.
Got your property tax bill yet? Get ready for some sticker shock.