In the last several years, there’s been a sea change in the way that people live, work and shop. Internet shopping has virtually ended the self-contained mall, devastated strip malls and caused a lot of other businesses to close. Many of the retailers that remain are...
Your commercial property tax bill arrives, and you think the figure is too high. What now? Understanding the five progressive steps will be crucial to giving yourself the best chance of reducing your bill. Your tax is calculated in January, and you have until April 30...
When your commercial property tax bill arrives, you might moan and groan about how it has risen. Yet if you are like most people, you probably just pay it. Have you ever stopped to think that maybe you shouldn’t? While you cannot just refuse to pay, you can file an...
One of the simplest ways to show that your commercial property tax bill is wrong is that the local tax assessor overvalued your property. A sale evaluation is one of the ways the local tax assessor can value your commercial property in order to calculate your property...
Minnesota is notorious as a state with one of the highest tax rates in the country. This carries over to our property taxes. However, just because the assessor determines a value and the auditor determines a tax capacity does not mean that the final amount on property...
States and counties have long made it a habit to use commercial property taxes as a honey hole to shore up their finances. They argue that everyone needs to pay their fair share, and the share is more significant for larger pieces of property. In reality, however,...
Richard Nixon was president, Three Dog Night’s “Joy to the World” was the most popular song and “Billy Jack” was the biggest grossing movie of the year. While 1971 might not have been the political and cultural apex of American society, it was a year with positive...
Frequent readers of our Minnesota Commercial Property Tax Appeals Blog will recall a recent post on the Ramsey County Assessor’s Report 2021. Assessor Luis Rosario noted that the future of St. Paul’s office market is unclear, even though similar markets around the...
There's a mix of good news and bad news for commercial property owners in the Ramsey County Assessor’s Report 2021. According to County Assessor Luis Rosario, the report is based on the 2021 assessment (assessed values as of January 2 of this year). Ramsey County’s...
Even before the pandemic emptied office buildings from the Twin Cities to Duluth, there was a shift underway as more and more businesses offered employees the opportunity to work from home. The rise of the tech industry was helping to redefine the American workplace –...
