The pandemic has changed the way Americans work, shop, socialize and more. Tens of millions of us have worked from home throughout much of 2020, doing much of our shopping online, while keeping forays to stores and restaurants to a minimum. Hope is on the horizon, of...
Month: November 2020
Part 2: Will Minnesota’s budget deficit fix include commercial property tax increases?
As regular readers of our Minnesota Commercial Property Tax Appeals blog know, we recently wrote about looming state budget shortfalls and how they might be addressed by legislators. The state’s budget office said it projects a $2.4 billion deficit in the two-year...
Delinquency on commercial property taxes on the rise
Minnesota’s commercial property owners feel the tugs of a variety of taxmen. For the past 20 years, there has been a Minnesota property tax on commercial industrial and utility properties, though it generates only about 4 percent of the state’s tax collections. (At...
Will commercial property tax increases be part of Minnesota’s budget deficit fix?
Minnesota commercial property owners are as wary of headlines in 2020 as anyone else. This has been a bruising year that includes an ongoing recession brought on by the coronavirus pandemic, as well as the Minneapolis riots triggered by the death of George Floyd that...
