Links to information are listed to the left, below or in brown links in the text

You will never own your home, rental or business property in Minneapolis. You will always rent from the city/county/state, this rent is in the form of property taxes.

Minneapolis has raised property taxes more then the cost of living has increased over the past 10 years, when will it end.

    While many businesses are struggling to pay bills, Minneapolis is taxing them out of the city and in some cases taxing them out of business. They are also using property tax dollars to fund competition to existing business located in Minneapolis. An example of this is Block E , located at 600 Hennepin Ave in downtown Minneapolis this complex includes a movie theater and other businesses. Built at a cost of about $132 million Minneapolis taxpayers contributed about $38 million in the form of land and tax increment financing. While competitors to the Block E theater like the Uptown Theater located at 2906 Hennepin Ave in Minneapolis paid a whopping $44,068 in property taxes for 2009.

    You are taxed on the building, land and in some cases the equipment installed on your property in Minneapolis. There are also "levies  (Minnesota 275.70)", Assessments" and "Special Taxing Districts ( Minnesota 275.066) "  that can be added onto your property taxes, this can include almost anything the city/county/state wants to charge you for. As an added incentive to improve your property you will pay increased property taxes on anything that causes the value of your property to go up.

    If you think your homestead property tax is high check out what a business located near you in Minneapolis pays for its property taxes at the links below:

For Hennepin county property tax statements and information click here

For and Interactive Map version of Hennepin county property information click here

Minneapolis put many bars and restaurants out of business with a smoking ban. And now they are trying to tax the ones that are left out of business. Since 1932 Little Jacks was a NE Minneapolis landmark, after the smoking ban was enacted Little Jacks saw a 40% drop in business. With a property tax bill of more then $24,000 per year they went out of business.

For more then 16 years the city of Minneapolis has planned to demolish one side or the other of Lowry Ave NE between University Ave and the river. The problem is they will not tell any of the property owners along Lowry Ave NE what side it will be. The end result is urban blight caused by Minneapolis. Who would purchase, build or remodel without knowing?

Why bother improving your property, the city will only raise your taxes.

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Thursday, September 29, 2011