+33% taxable market value
2021-Mar-22, Monday 07:14 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
mellowtiggerI got home from work today, picked up the mail at my front door, and opened up the Minneapolis Assessor's Office letter. This coming year, they will increase the estimated value of my property by 19.7%. Minus my homestead exemption, that's an increase of 33% of "taxable market value" from the previous year.
Such a rapid increase sounds like robbery. It sounds illegal. Near as I can tell from this document (page 11), however, it sounds like Minnesota has the worst laws in the USA on this issue, and maybe they increased the cost by the maximum allowed by law.
Does anyone know a tax lawyer? I want to contest this valuation, if it's reasonable to do so.
I also went looking online for help, only to discover instead WHY this is happening. Because the original light rail plan failed, the new proposals all surround my area. Look at those green and orange segments. They surround my Jordan neighborhood. I will live about 4 blocks from a light rail path, no matter which choice wins. No wonder I've been flooded with offers to buy my house. No wonder the city is trying to jack up the price of living here.
If I don't get priced out due to property taxes, I just hit the jackpot. This house was never meant as a financial investment. It was always a "live here in peace until I die" choice for me. I intend to make bayberry candles for Christmas one of these years, from bayberry seedlings that I planted in my back yard years ago. I do not want to move. This is my home.
A nearby light rail station (not part of planning yet) would be immensely useful, since I already intend to ditch my car soon and live with public transit. Light rail is a very nice public transit option. Gentrification is still frustrating, though. I might be too poor to endure the inevitable demographic shift. I may end up leaving with all of the other poor people, because the taxes eventually make it too unaffordable.
Such a rapid increase sounds like robbery. It sounds illegal. Near as I can tell from this document (page 11), however, it sounds like Minnesota has the worst laws in the USA on this issue, and maybe they increased the cost by the maximum allowed by law.
Does anyone know a tax lawyer? I want to contest this valuation, if it's reasonable to do so.
I also went looking online for help, only to discover instead WHY this is happening. Because the original light rail plan failed, the new proposals all surround my area. Look at those green and orange segments. They surround my Jordan neighborhood. I will live about 4 blocks from a light rail path, no matter which choice wins. No wonder I've been flooded with offers to buy my house. No wonder the city is trying to jack up the price of living here.
If I don't get priced out due to property taxes, I just hit the jackpot. This house was never meant as a financial investment. It was always a "live here in peace until I die" choice for me. I intend to make bayberry candles for Christmas one of these years, from bayberry seedlings that I planted in my back yard years ago. I do not want to move. This is my home.
A nearby light rail station (not part of planning yet) would be immensely useful, since I already intend to ditch my car soon and live with public transit. Light rail is a very nice public transit option. Gentrification is still frustrating, though. I might be too poor to endure the inevitable demographic shift. I may end up leaving with all of the other poor people, because the taxes eventually make it too unaffordable.