Do you feel you are paying more than your fair share in property taxes? If so, you may be able to reduce your taxes or obtain a refund. Here are answers to some of the most common questions we receive about filing a property tax appeal in Minnesota.
There is a simple formula that is used to determine how much you owe in property taxes, however if your property is valued incorrectly, you could be overpaying. Tim Rye and Adam Pabarcus from our property tax appeals team recently sat down with Bill Griffith to discuss the property tax appeals process and to
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
Welcome to Larkin Hoffman’s new series of podcasts discussing issues affected by the COVID-19 crisis. Our senior attorneys will address corporate, employment, real estate, construction, franchise, bankruptcy, insurance, litigation, and other matters in this series. The podcasts are 15 minutes long and can be heard at your convenience. Over the next few weeks, there will
Businesses and real estate of all types are being disrupted and upended by the COVID-19 pandemic. As this pandemic changes the landscape on a daily basis, we will keep you informed of important property tax issues along the way. Currently, there are three upcoming property tax issues in focus:
Developers, real estate investors and business owners are appropriately focused on creating profit and high rates of return. Managing property taxes may not be a terribly high priority. However, property taxes are usually the most significant real estate expense incurred by real estate users and have a direct impact on profitability and rates of return.
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
Commercial property taxpayers have a lot to worry about and focus on to keep their properties running well, and aside from payment due dates, property tax dates probably are not on the radar. However, if a valuation is too high or taxes are a major concern, knowing important dates might be useful. Most lists provide
Institutional investors may expect an increase in real estate taxes when they acquire assets for historically high prices, but do those sales represent market value for property tax purposes? Moreover, should they be used to value more normal properties for property tax purposes?
Twin Cities commercial real estate has been experiencing substantial investment by real