Property Taxes for Minnesotans Going Up

property taxes

Property taxes are going up for nearly every Minnesotan.

Budget proposals show increases in every county surrounding the metro except Ramsey, which will remain flat. 

Dakota will see a 1 percent increase, 2.75 percent in Hennepin County and Carver will go up by 4.9 percent.

For those facing an even steeper price hike, like folks in Isanti County, they’re wondering how long they can afford to live there. They met with the county board Wednesday night.

“I almost fainted because my tax statement was so high,” Bert Sherbarth said. 

It’s roughly 43 percent higher, which means another $624 out of Sherbarth’s wallet next year. And that’s just for the lot he owns next to his family’s cabin. Factor in the lake house too, that’s another 33 percent tax increase. Combined, it’s 76 percent increase.

“I’ve been paying my taxes taking my lumps over the years, but this was too much, way too much,” he said.

He and plenty of his neighbors vented to Isanti County leaders at a town hall meeting. Of the 23,000 thousand property owners in the county, most will see a spike, including the county administrator, the person who sent out the tax increase notices.

Kevin Vanhooser says property taxes are split three ways – among the county, city and school district. Each sets their own levy increase. 

The county’s share is 5.73 percent.

“The economy is better, home sales are up that’s why valuations are up, that’s a good thing,” Sherbarth said.

Sherbarth, who is retired and living on a fixed income, worries he could be priced out of his family’s property, a cabin and lot they’ve owned for 50 years.

“It gets harder to sustain a cabin for the family and grandchildren,” he said.

The Isanti County Board of Commissioners will vote on the tax levy Dec. 17.

Homeowners can challenge their property taxes next March.

The taxes help cover the cost of things like snow plows, police cars, child protection and other services.

Source: KSTP

Posted Date:- December 7, 2014

Posted By:- Admin Author

Posted in:- Community

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