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I’ve asked a couple of people if they have received their 2012 Property Tax Statements. With their eyes rolled back in their heads, they said they did. I proceeded to ask: “Were you surprised?” Most were not. They received the increase they thought they would with the new legislation eliminating the Homestead Market Value Credit and replacing it with an exclusion. The exclusion was expected by most, except House Republicans, to raise taxes (the Minnesota Department of Revenue said it would). So much for the Republicans and the “no new taxes” mantra. I suppose technically it wasn’t a new tax, just an increase in an old one. “Politicians, go figure!”
Hardest hit, as predicted, were businesses. One business property, that I am aware of, increased 20%. Another homeowner indicated he received a $100.00 per year increase. Merry Christmas from your Republican House Leaders!
Trust me, this is just the beginning. I predict that property taxes in Minnesota, along with every other kind of tax, will skyrocket over the next few years. Especially hard hit will be Greater Minnesota. Minnesota Metro will be busy helping the “poor” Vikings get their new stadium, so that leaves the rest of Minnesota to fill the huge gap left by the 6 Billion budget deficit. The Vikings are such an outstanding team, who would want to deprive them of a new place to play. Although I still think it is not such a bad idea, as I really do believe the state profits from the team, regardless of how lousy they are. That’s a whole other topic for another day.
Back to taxes. I sat right in front of, face to face, with House Tax Chairman Greg Davids and heard him say, “Maybe the property taxes will go up, maybe they won’t.” What kind of an answer is that? He knew right then and there that throughout the state the average property owner would be paying more taxers in 2012 than they did in 2011. Of course, to be fair, we need also to thank Governor Mark Dayton for the early Christmas present. Signing the legislation was the only way he could end the government shut down, so he says!
Whatever, we now have the Homestead Market Value Exclusion with us for at least this session. The DFL is already working to repeal it! Maybe it won’t even be here for 2013. Of course half of the businesses and homeowners might not be here
either, and who would blame them. “And to all a good night.”
I’ve asked a couple of people if they have received their 2012 Property Tax Statements. With their eyes rolled back in their heads, they said they did. I proceeded to ask: “Were you surprised?” Most were not. They received the increase they thought they would with the new legislation eliminating the Homestead Market Value Credit and replacing it with an exclusion. The exclusion was expected by most, except House Republicans, to raise taxes (the Minnesota Department of Revenue said it would). So much for the Republicans and the “no new taxes” mantra. I suppose technically it wasn’t a new tax, just an increase in an old one. “Politicians, go figure!”
Hardest hit, as predicted, were businesses. One business property, that I am aware of, increased 20%. Another homeowner indicated he received a $100.00 per year increase. Merry Christmas from your Republican House Leaders!
Trust me, this is just the beginning. I predict that property taxes in Minnesota, along with every other kind of tax, will skyrocket over the next few years. Especially hard hit will be Greater Minnesota. Minnesota Metro will be busy helping the “poor” Vikings get their new stadium, so that leaves the rest of Minnesota to fill the huge gap left by the 6 Billion budget deficit. The Vikings are such an outstanding team, who would want to deprive them of a new place to play. Although I still think it is not such a bad idea, as I really do believe the state profits from the team, regardless of how lousy they are. That’s a whole other topic for another day.
Back to taxes. I sat right in front of, face to face, with House Tax Chairman Greg Davids and heard him say, “Maybe the property taxes will go up, maybe they won’t.” What kind of an answer is that? He knew right then and there that throughout the state the average property owner would be paying more taxers in 2012 than they did in 2011. Of course, to be fair, we need also to thank Governor Mark Dayton for the early Christmas present. Signing the legislation was the only way he could end the government shut down, so he says!
Whatever, we now have the Homestead Market Value Exclusion with us for at least this session. The DFL is already working to repeal it! Maybe it won’t even be here for 2013. Of course half of the businesses and homeowners might not be here
either, and who would blame them. “And to all a good night.”
