If you own property in Minnesota, you should have recently received a truth-in-taxation form showing the assessed value of your property for taxes payable in 2024. If you think your property has been overvalued, you may have options to reduce it.
What is the Truth-in-Taxation Form?
The purpose of the truth-in-taxation notice is to enhance
Businesses face any number of headwinds. High interest rates, inflation, work shortages, and supply chain problems are just a few. Don’t let this list include overpaying on your property taxes.
As the saying goes, the only certain things in life are death and taxes. But that doesn’t mean you have to accept your property taxes
Governor Dayton appointed Tamar N. Gronvall to the Minnesota Tax Court for a six-year term, which began in January 2017 and will expire on January 2, 2023.
Before her appointment to the Tax Court, Ms. Gronvall was General Counsel in the Office of Legal Services at the Minnesota Department of Commerce, where she led a
Real estate buyers who purchase property from banks sometimes get the property for a price that seems below market. Assessors frequently dismiss these sales as “bank sales” and therefore irrelevant for property tax valuation. However, these apparent discounts can be the result of actual distress or market influences, rather than because the bank was under
Home improvement retailer, Menard’s, successfully lowered the value of its Moorhead store in tax court. When it pressed its position based only on sales of similar properties, the court replied that valuation is not that narrowly focused. The appeal covered years 2011 through 2014 and the original value was $11,200,000 for each year. At tax