Victoria Heller writes: > > My house sits on a 2 acre lot, on the edge of a 600 acre wildlife preserve, > overlooking a lake. My taxable market value for 2002 is $308,800 and my > property taxes are $3,110. > > My partner's house sits on a city lot, overlooking Lake Calhoun. His > taxable market value for 2001 (2002 is not yet available, but it will be > higher) was $568,500, and his property taxes were $9,023. > > The question is: What does taxable market value mean? If it's a question > of taste, it is pretty scary to be taxed on one's taste.
Vicki - I don't think it's a matter of taste...it sounds like the market has spoken. Taking your implicit assumption that the ramblers are equivalent, your house is on a bigger lot, in a wildlife preserve - yet is worth $250,000 less than your partner's. To put it a different way, the market has valued a Minneapolis location far higher than North Oaks - and, reflecting that asset value, the property taxes are higher. As Kirby Puckett once said of paying a lot in taxes, "it must mean I had a pretty good year." I don't think from your example Minneapolis looks bad - it looks like a great place for property & asset values to accrue. David Brauer King Field - Ward 10 _________________________________________________________ Do You Yahoo!? Get your free @yahoo.com address at http://mail.yahoo.com _______________________________________ Minneapolis Issues Forum - A Civil City Civic Discussion - Mn E-Democracy Post messages to: [EMAIL PROTECTED] Subscribe, Unsubscribe, Digest option, and more: http://e-democracy.org/mpls
