I agree with Ron, I have relatives in Wisconsin and North Dakota and I can tell you that both states have much higher residential property taxes, especially in Wisconsin. Both states have much lower commercial and industrial property taxes, however.
Vicky makes a good point about assessed value laging behind market value. I've always used the house at 42nd and Dupont South as an example. It sold for $1.125 million in 2001 and its 2003 assessed value (payable 2004) was $748,000 or at about 2/3 of its market value in 2001. There are countless other examples throughout the City -- except my house of course :o) Dean Carlson East Harriet, Ward 10 ----- Original Message ----- From: "Leurquin, Ronald" <[EMAIL PROTECTED]> To: "Victoria Heller" <[EMAIL PROTECTED]>; "Mpls Forum" <[EMAIL PROTECTED]> Sent: Friday, December 03, 2004 8:50 AM Subject: RE: [Mpls] Property tax story of the day......with someethicalconsiderations Vicky: Yes, absolutely. It's not just Minneapolis: Minnesota's property tax system should be more like its neighboring states. Remember that MN's property taxes are DOUBLE those of Wisconsin and Iowa - not good for attracting business. Ron responds: When I lived in Milwaukee I paid 2,400 in taxes on a 65,000 home. I then moved to Mpls, bought a house for 79,000 and paid only 1,100 in taxes. I was just checking my old hood in Milwaukee recently and found my old home has 3,600 in taxes and is valued at 110,000. My house here was worth 200,000 and I paid about 1,700 in taxes. I think your math is way off, but thanks for making us aware of some of MN tax issues. Ron Leurquin Nokomis East REMINDERS: 1. Think a member has violated the rules? Email the list manager at [EMAIL PROTECTED] before continuing it on the list. 2. Don't feed the troll! Ignore obvious flame-bait. For state and national discussions see: http://e-democracy.org/discuss.html For external forums, see: http://e-democracy.org/mninteract ________________________________ Minneapolis Issues Forum - A City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[EMAIL PROTECTED] Subscribe, Un-subscribe, etc. at: http://e-democracy.org/mpls REMINDERS: 1. Think a member has violated the rules? Email the list manager at [EMAIL PROTECTED] before continuing it on the list. 2. Don't feed the troll! Ignore obvious flame-bait. For state and national discussions see: http://e-democracy.org/discuss.html For external forums, see: http://e-democracy.org/mninteract ________________________________ Minneapolis Issues Forum - A City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[EMAIL PROTECTED] Subscribe, Un-subscribe, etc. at: http://e-democracy.org/mpls REMINDERS: 1. Think a member has violated the rules? Email the list manager at [EMAIL PROTECTED] before continuing it on the list. 2. Don't feed the troll! Ignore obvious flame-bait. For state and national discussions see: http://e-democracy.org/discuss.html For external forums, see: http://e-democracy.org/mninteract ________________________________ Minneapolis Issues Forum - A City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[EMAIL PROTECTED] Subscribe, Un-subscribe, etc. at: http://e-democracy.org/mpls
