Tag Archives: property taxes

Minnesota Property Taxes Explained, Part 2: How are Property Taxes Calculated?

In Part I I covered the basics of what property taxes are.  This time I’ll dive into how exactly property taxes are calculated, starting with (for Minneapolis) the half billion dollar question. What is tax capacity? In its simplest form, the tax capacity of a property is its taxable market value (explained below) multiplied by its class […]

Minnesota Property Taxes Explained, Part 1: What are Property Taxes?

It’s budget season in Minneapolis, and the rest of the state. This is a complex process, but the question on everybody’s minds is “how will my property taxes be impacted?” A simple question with a rather complicated answer. Hopefully I can shed a little light on it. In this first part of a planned three-part […]

Development and Taxes in Linden Hills

Many neighborhoods want restricted development, low taxes, and ample city services. The problem is that they can have only two. In August 2014, many residents of Linden Hills, a rich neighborhood in southwest Minneapolis, voiced their opposition to a proposed four-story mixed-use building in the neighborhood’s commercial node at 43rd St and Upton Ave. The […]