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 –...
The pandemic has changed so much of American life, including the way we shop. E-commerce sales had been growing before Covid-19 forced its way into our lives – e-commerce’s share of total retail volume reached 11 percent in 2019. The pandemic accelerated the trend,...
There are reliable methods to determine the value of Minnesota Twins baseball players. Divide the number of hits a player has by the number of at-bats, and you find his batting average. Similar calculations can determine a hitter’s slugging percentage and a pitcher’s...
Regular readers of our Minnesota Commercial Property Tax Appeals Blog will recall a recent post about Northland commercial property taxes. A number of commercial property owners and their attorneys have filed petitions in tax court contesting St. Louis County...
Commercial property owners in the southern half of Minnesota will understand sentiments recently expressed by the head of a Northland property management firm who said the “residential (housing) market is booming . . . but the absolute inverse has occurred for...
Regular readers of our commercial property tax appeal blog will likely recall a previous post about the recent report by the Commercial Real Estate Development Association of Minnesota (aka NAIOP). The report says Minnesota’s “effective tax rate on commercial property...