tesla: Wedding photo: Eric and Tesla in Millenium Park on their wedding day (Default)
[personal profile] tesla
Apparently not everyone has heard about this yet:

Hennepin County recently sent out its Proposed Property Tax Bills for 2011.  Most Minneapolis residents are staring at the annual percent change figures in shock and awe, but many find their market valuations feasible.

However, in some neighborhoods (I've heard "Northside including Camden," and "parts of South including Phillips" quoted), residents believe that the market valuations given to their homes are significantly and systemically too high.  Because the market value is used to calculate the amount of taxes a homeowner pays, an overvaluation of 50% can mean overtaxation of 50%.

Hence the U of MN law school has brought a class-action suit against the city of Minneapolis.

You can read more about it here:

ETA: Hey, folks!  Remember that renters pay property taxes too - it's just that they pay via their landlords rather than paying the county directly....

(no subject)

Date: 2010-11-23 02:35 pm (UTC)
From: [identity profile] ktig.livejournal.com
My increased property taxes stink but I have no intention whatsoever of fighting the valuation. I've no interest in the rest of the world thinking my property is worth less today than it was a year ago.
Something curious I noticed on my taxes though, the value of the land itself nearly doubled in comparison to my neighbors', while the building valuation took a heavy hit. I'm not quite sure why, nor do I think the value of my building is worth less than the smashed up foster home (same model) next door.

So if anything, I'd say my valuation is about spot-on. I'll start crying if it goes down even more next year though.
Edited Date: 2010-11-23 02:36 pm (UTC)

(no subject)

Date: 2010-11-23 08:53 pm (UTC)
From: [identity profile] apostle-of-eris.livejournal.com
When I belatedly joined the "work force", I was gobsmacked at the implicit labor levy in the tax system.
It's a mandatory full-time hobby to be a member of the "middle class", unless you outsource it, which only reduces the amount of work.

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tesla: Wedding photo: Eric and Tesla in Millenium Park on their wedding day (Default)
Tesla Seppanen

January 2012

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