Issue Card #3 | Spend Smart: MN Property Taxes by the Numbers

August 31, 2012 at 11:17 am

The third in a series of six issue cards, which will be sent to all candidates for the state legislature.

Business Property Carries Large Tax Burden and Subsidizes Other Properties in the Same Jurisdiction

Effective tax rates – taxes payable as a percentage of market value – have actually been lowered for every class of property since reforms were enacted in the late 1990s.

But even after reforms, the effective tax rate for business property is three times higher than for homes
(see chart below).

Property Taxes as a Percent of Market Value

Property Tax Classification System Shifts the Burden to Business Properties

Business property comprises 13% of total state market value but pays 31% of all property taxes – paying 2.4 times more in tax than its value.

Read the cover letter sent to legislative candidates.

For more information on the Coalition of Minnesota Business (CMB) and to see all issue cards, visit

Entry filed under: Public Policy | Government Affairs.

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