More on the Impact of the New Market Value Exclusion Law

January 19, 2012 at 2:02 pm

“As a result of this exclusion, a bigger share of the property tax burden in many cities is falling on owners of office and retail buildings who in turn pass along the tax increases to their tenants.”
Pat Mascia, Senior Vice President–Minneapolis/St. Paul Operations, Duke Realty, 2012 President, NAIOP Minnesota

Read the full article from the Star Tribune, January 6, 2012.

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“What NAIOP is proposing in terms of legislation requiring cities of a certain minimum size to apply object code breakouts to their spending reports is really key.” Impact of Market Value Exclusion on C/I Property Tax Burdens in the Metro Area

For more information about NAIOP Minnesota, visit www.NAIOPMN.org.

Hillcrest Development, LLLP

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