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...
Filing a residential or commercial property tax abatement in Colorado is relatively straightforward. Unlike in other states, Colorado’s property owners can challenge their property value assessments even after they have paid the taxes and for two years in the past. So...
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...
There are only four states using statewide property taxes to fund their state general fund appropriations – Minnesota is one of them. There’s only one state that taxes commercial and industrial properties exclusively to support the fund – that one state is, of course,...
Not long ago, Minnesota was ranked #2 by U.S. News in their ranking of best states in 2021. We ranked high on infrastructure, opportunity, natural environment and economy, though to be fair, the publication did not rank winter weather when it assessed states....
In the first two parts of this three-part series on whether Minnesota commercial property owners can expect property tax hikes, we looked at the economic pressures on both local governments and property owners. If you want to catch up, here are links to Part I and...
Regular readers of our Minnesota Commercial Property Tax Appeals Blog will recall we recently published a post asking if a hike to commercial property taxes is coming. This is the second post in that three-part series. Lining up Battle lines have been drawn as local...
State, county and city governments are being subjected to unprecedented budgetary strains by the pandemic and the ways in which it has altered how the nation works, shops, dines out and finds entertainment. Twenty-six states reported budget shortfalls last year,...
