Minnesota Commercial Property Tax Appeals Blog
Part II: Tax relief for owners of damaged Minneapolis commercial properties
Let’s continue our look at the process of obtaining tax relief for owners of Minneapolis commercial properties damaged in the recent civil unrest. (If you haven’t read Part I, simply click here.) Mandated reassessment In order to obtain the commercial property tax...
Part I: Tax relief for owners of damaged Minneapolis commercial properties
To say that this has been a tumultuous year for Minneapolis commercial property owners is to understate the obvious. A global pandemic resulted in an unprecedented slowdown of economic activity and civic unrest resulted in significant damage to some commercial...
Part II: study shows how Minneapolis commercial property tax rates stack up
As regular readers of our Commercial Property Tax blog undoubtedly recall a recent post about the “50-State Property Tax Comparison Study” issued by the Minnesota Center for Fiscal Excellence and Lincoln Institute of Land Policy. The study is a deep dive into both...
Confusion over Minnesota commercial property tax appeals
The very first date on the Minnesota Department of Revenue’s property tax calendar is January 2 – the assessment date for both real and personal property in the state. Though that date came and went uneventfully only about six months ago, it must feel like a distant...
Part I: study shows how Minneapolis commercial property tax rates stack up
The Minnesota Center for Fiscal Excellence and the Lincoln Institute of Land Policy recently released their “50-State Property Tax Comparison Study.” The in-depth look at taxes paid last year offers a wide range of information about both residential property taxes and...
3 ways to assess commercial property value for an appeal
Assigning a value to a commercial real estate property can be a complicated and intensive process. Commercial real estate is not appraised in the same way as residential properties that rely on the other properties located in their immediate vicinity. There are a...
4 forms of documentation you need for a property tax appeal
Commercial property taxes are one of the most substantial financial burdens for a company. Due to the number of variables that go into a commercial property tax assessment, real estate owners need to review and appeal property tax assessments annually. Preparing for a...
Prepare for assessment and appeal with a tax plan
Your property taxes seem like they are always going up. While that might not actually be true, it’s best to be prepared for when it does happen or be able to argue that it shouldn’t be the case. Having a tax plan in place for your business can help navigate variations...
There are two avenues for appealing Minnesota property taxes
If you’re a commercial property owner in Minnesota, you may be interested in contesting the amount of property taxes being assessed against your property. The first step is to visit your local tax assessor’s office. There, you can check any unclear facts and compare...
‘Dark stores’ tax fight heads to Capitol
Tax assessors have one duty and that is to figure out what a property is worth. In essence, the question they must answer is this: if this property were to be put on the market today, what would it sell for? For a long time, local assessors have punitively added...
