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Projected Property Tax Decrease Dependent on Type of Ownership

Created: 07/16/2014 10:37 AM KAALtv.com

ST. PAUL, Minn. (AP) - A new report from the nonpartisan legislative office says Minnesotans who qualify for state aid and credits could see their property taxes decline by a total of $49 million this year, a projection the DFL is counting on. But, Republicans say taxes are going up for everyone, despite the DFL's effort to send millions to local governments in an effort to drive down those taxes.

The analysis says taxpayers who own agricultural land, public utility and commercial property could see their taxes increase.

Research analyst Steve Hinze tells the Star Tribune (http://strib.mn/1mgLGed ) the projected decrease is speculative because the actual numbers will be based on how many Minnesotans apply for tax relief.

The tax rates are a combination of local government, schools and state levies, which can vary widely in individual communities.

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Information from: Star Tribune, http://www.startribune.com

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

7/16/2014 9:02:13 AM (GMT -5:00)

Photo credit: MGN


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