In the hubbub of Capitol activity, it’s imperative that we keep the business property tax message in front of legislators.

March 25, 2013 at 8:57 am

Introducing NAIOP 2013.inddMinnesota’s Classification System shifts the burden of local property taxes onto commercial/industrial (C/I) properties. In effect, owners and their employer-tenants end up subsidizing all other taxpayers in the same jurisdiction.

In 2012, business property owners and their employer-tenants paid 31.1% of all property taxes, but represented only 12.8% of total statewide estimated market value.

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Entry filed under: Featured Articles.

Thank you to the roughly 50 commercial real estate people who represented the industry at the Day at the Capitol. Demonstrating what can happen if the business community galvanizes with one voice


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

Hillcrest Development

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