How much did your property tax increase this year? (Minneapolis: house, living)

[Kavalier]

Originally Posted by snebarekim

https://www.minnpost.com/community-v...or-homeowners/

Is that applicable to St. Paul?


Seems like the Summer of Love might be playing in to some of this as well. Can't have billions in damages and think that we aren't all going to pay for it in some way, and this upward taxes seems to perhaps reflect that?

[Kavalier]

Originally Posted by snebarekim

https://www.minnpost.com/community-v...or-homeowners/

I like how they buried this little nugget in the last paragraph:

Normally, some cushion against tax hikes could be supplied by drawing down budgetary reserves but the city’s $27 million settlement with the family of George Floyd will limit that dampening effect.

Wait, WUT? You mean we the people actually have to pay for all those settlements?

[WoodburyWoody]

0.0% ... actually down $2 from 2021 to 2022.



Their estimated market value of just over $390k/their estimated taxable market value of just under $390k.

[UMN2BE]

Up 3% in the burbs. Sucks to be in Minneapolis LOL.

[MnMomma]

3.9% in Minneapolis

[paiste13]

Originally Posted by Kavalier

What part of the Twin Cities are you in?

Southwest suburb

[snebarekim]

Originally Posted by Kavalier

Wait, WUT? You mean we the people actually have to pay for all those settlements?

Yes, I imagine that is the case in most cities. City taxpayers fund lawsuits.

And this:

Growth in the city’s tax base — such as new downtown office towers or those apartments popping up like mushrooms in some neighborhoods — usually absorbs some of that increase. That’s partly why property taxes dropped this year for many homeowners, except for people like north siders whose homes were reassessed sharply upward.

Is there going to be a growth in multi unit dwellings/businesses built in Minneapolis moving forward, or will investors remain gun shy?


Minneapolis still has to fund and rebuild the police dept. I see police salaries going up in Minneapolis (who wants to be a cop there now?) to lure in good people.

I see home taxes going up in Minneapolis, perhaps drastically again. Bohica, no lube.

[Yosh01]

11% in Saint Paul

[Umbria]

9% in Edina. I knew we'd all get hit for that obnoxious settlement.

[Cruz Azul Guy]

Originally Posted by Umbria

9% in Edina. I knew we'd all get hit for that obnoxious settlement.

I doubt the settlement affected property taxes for Edina residents. The main driver of the increase was a steep appreciation of real estate values.