Just How Unbearable Are Minnesota Homeowner Property Taxes?

July 16, 2010 at 3:17 pm

An article from the 7-15-10 issue of Finance and Commerce and arranged by NAIOP.

By Mark Haveman, Executive Director, Minnesota Taxpayers Association

A recent report by the League of Minnesota Cities painted a picture of severe fiscal stress compounded by property tax levels that are becoming intolerable.  While there is no doubt that city governments are facing tremendous budget challenges, it’s much more difficult to assess whether residential property tax burdens really are exceeding thresholds of affordability.  Until recently, information that linked property taxes paid to actual homeowner income was not available.  But thanks to a report released by the Minnesota Department of Revenue earlier this year, information is now available providing important perspective on how significant the ability-to-pay problem really is.

Click here to read the full article

Entry filed under: Featured Articles.

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

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