Proposed 2023 Property Tax Statement Information
Residential Property owners are likely to see larger estimated tax increases compared to that of Commercial, Industrial, (C/I) or Apartment properties.
The main drivers of those differences are:
Legislative Changes that excluded an additional $50,000 of C/I Value from State General Tax ONLY which helps reduce the tax liability for this classification.
Larger overall value increases compared to that of Commercial, Industrial, and Apartment which shifts more of the tax burden onto residential property owners.
Large value increases resulting in loss of homestead market value exclusion meaning more residential value is taxable adding to the residential tax burden.
Despite the County Levy remaining flat, many local taxing jurisdictions saw larger increases which again hit residential property owners harder due to the shift.
**You may qualify for a property tax refund through the State of Minnesota**