Minneapolis taxpayers are starting to open their so-called truth in taxation notices, and schools are leading the pressure for tax increases.
The first homeowner we heard from lives in Kingfield -- naturally, since it’s one of the neighborhoods in the city where property values generally stayed stronger than the 4 percent drop in values citywide. His property value dropped 2 percent, but the bill jumped 7.5 percent. The school tax increase made up half of his higher tax bite.
What’s your proposed tax bill telling you, and how do you feel about it? Comment here or send us an e-mail at email@example.com
Your experience will largely depend on two factors: 1) Did your home value fall less than the citywide drop in property values, or even rise? 2) How did the Legislature’s shift in the aid it gives homesteads hit you?
The school board is considering a potential 9.5 percent levy increase.Mayor R.T. Rybak proposed no citry tax increase for 2012, and the City Council will vote on that Dec. 14 after a 6:05 p.m. public hearing. Hennepin County Administrator Richard Johnson proposed a tiny levy decrease. The county's truth in taxation hearing for public comment is scheduled for Nov. 29 and the city's for Nov. 30.