Ms Heller & Forum Members - In answer to your questions posted below:
The Target HQ block PINs are 27-029-24-12-0137, -0142, & -0143. Target Center Personal Property Account Numbers are 25003 & 25004. Tax info, as you have amply demonstrated in previous posts, is easily available on the Hennepin County Property Tax web site by PIN or address. Once a parcel is pulled up, you can click on "view map," then navigate the map and click on any other parcel or block to pull up that data. Personal Property Accounts are not on the site; you have to call the Hennepin County Assessors office(612-348-3046) to get that info. Regarding the office building being constructed next to the Depot skating rink (the rink is not being removed permanently, but is planned to re-open in the fall), the MCDA has no involvement in its financing. CSM is financing this building privately. I'm sure CSM expects this building to increase in value over time. I'm unable to address any disparities in the direction of Target's assessed value versus that of your property in Cedar-Riverside. I would suggest contacting the Assessor's Office to discuss this. I'd also suggest the Assessor's Office as the best source of the Target Center tax info, & of a list(if one is available) of properties that pay no tax. I don't know for certain the specific dates on which the Timberwolves' & Arena Club's 2003 personal property taxes of approximately $5 million are due, but I believe they're due on the same dates as real estate taxes. Bill Tetzlaff MCDA/Kingfield -----Original Message----- From: Victoria Heller [mailto:[EMAIL PROTECTED] Sent: Monday, June 16, 2003 7:48 PM To: Mpls Forum Cc: [EMAIL PROTECTED] Subject: Target: Property Values and Property Taxes MCDA/Tetzlaff: "Any decrease in EMV from 2001 was due to over-all reductions in CBD office values by the City Assessor." Heller: Does this mean that only one section of the block lost value? Where would we find the information on the other two parcels? Please provide the PINs (property identification numbers) so that we can look them up. Also, if office buildings are losing value, why is the MCDA financing a new one next to the former ice skating rink? Also, the assessor increased my property values (Cedar-Riverside) by 30% this year. Where would I find the facts supporting Target's reduction and my increase? MCDA/Tetzlaff: "The real estate taxes are paid by the Timberwolves and the Northwest Health Club based on Personal Property Tax Account valuations as leasehold interests. These are assessed just like the regular tax parcels and taxes are paid at the regular C/I rate. The total 2002 EMV for Target Center is $53,960,000 and the total 2003 real estate taxes paid will be $4,999,254." Heller: Where is this data published? How much have the Timberwolves paid over the past few years? WHEN will they pay the $4,999,254? Will they pay real cash, or will there simply be a bookkeeping entry crediting this amount against improvements promised by the City? Several other properties show no property taxes due (Northern Cap for example.) Where can people go to find a list of all Minneapolis property that pays no tax? Thank you for the added information; awaiting your reply. Vicky Heller, North Oaks TEMPORARY REMINDER: 1. Don't feed the troll! Ignore obvious flame-bait. 2. If you don't like what's being discussed here, don't complain - change the subject (Mpls-specific, of course.) ________________________________ Minneapolis Issues Forum - A City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[EMAIL PROTECTED] Subscribe, Unsubscribe, Digest, and more: http://e-democracy.org/mpls
