There are many factors that determine the size of a Minnesota commercial property tax bill. The most important contributing factors to a Minnesota property tax bill are: the state tax rate local tax levies the class of property owned by a business and the valuation of...
Dennis Jansen
Partial Section 179D Property Tax Deductions
In our last post we discussed the availability of Section 179D property tax benefits for past commercial building projects. Minnesota businesses can leverage this property tax deduction in order to secure significant tax savings. Partial deductions can also be...
How Midwest Businesses Can Leverage 179D Federal Tax Deductions
Many businesses in Minnesota and throughout the Midwest have reduced costs by retrofitting and remodeling their buildings with energy efficient technology. The reduction in energy waste and smaller energy bills are highly attractive for any company’s bottom line....
Minnesota business owners may decrease their tax burden through engineering-based cost segregation
Minnesota businesses, just like people, have an obligation to pay taxes. Taxes are the price we pay to live in a civilized society and pay for the great quality of live we enjoy in our state. Here at Robert Hill Law, we believe that although businesses owners have an...
Property Tax Time for Superior Residents
It is property tax time again for some Wisconsin residents. The Superior Telegram reports that the second installment for 2012 property taxes are due to the Douglas County Treasurer’s Office by July 31. Residents can pay their property tax bill on the Douglas County...
Agricultural Land Valuations in the Upper Midwest
The valuation of agricultural lands varies drastically across the Upper Midwest. Minnesota agricultural values rely primarily on market data derived from land sales, but agricultural areas in the Twin Cities area may qualify for a special program called “Green Acres.”...
In the news: Improving the Minnesota tax court
I recently authored a commentary in the Star Tribune on the recent removal of George W. Perez from the Minnesota Tax Court. This removal shows that it is time to examine the status of the court and make it more accountable. Unlike other Minnesota courts, the tax court...
Terry Branstad Signs Iowa Commercial Property Tax Bill
Iowa has joined the list of states that have lowered their commercial property taxes in order to attract businesses and developers. Iowa governor Terry Branstad signed a bill in Hiawatha yesterday at a local business, the Associated Press reports. “The tax relief in...
Case Study: $12 million reduction for a food processing plant
Owned by a food and meat products manufacturer based in Austin, Minn., this Illinois property was originally built in 1964 as a pork processing plant. Over time, several additions were built onto the property as the building was reconfigured into a general-purpose...
Hidden factors can lead to overtaxed industrial properties
Industrial properties present special challenges to property assessors. As drivers of the economy, these properties are large, visible structures in the community, home to expensive equipment and activities that generate revenue. In smaller communities, industrial...
