Using the median home value of $189,900 as a constant, here are the total
taxes that are about to be billed in Minneapolis for the three most common
classifications of real estate.

For 2003:

$2,885.43 for homestead property
$4,543.40 for apartment property
$7,943.87 for commercial property

For 2002:

$2,851.31 for homestead property
$5,346.63 for apartment property
$8,079.14 for commercial property

These amounts include everything that appears on your property tax
statement.  If anyone would like the breakdown, e-mail me offlist and I
will forward the Excel spreadsheets that I obtained from the Minneapolis
Tax Assessor's office for both years.

You can enter any market value and the spreadsheet will automatically
calculate the tax for each type of property.

Vicky Heller
Cedar-Riverside and North Oaks


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