Fri, Jul 04 2008
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Published May 07, 2008 05:37 pm - Shows you proposed property tax under House property tax relief bill being debated and hammered out in conference committee. News to use: Calculate your property tax Click here to calculate your property tax under proposed House Democrat changes
Excel or other reader needed to open file. Ever-escalating property taxes are a major concern for Minnesotans and need to be addressed. The Minnesota House, Senate and governor agree on that, saying it’s hard to miss people’s frustration. When it comes to tactics for tackling rising real estate taxes, however, the three sides are far apart and running short on time to find an agreement. Above is a calculator to see how you would fair on the plan by House Democrats, compared to current law. The tax plan was approved by the House late Monday night. It would make major changes in the state’s property tax relief program. It aims relief at people making less than $200,000 whose property taxes equal more than 2 percent of their income. The Senate plan, passed a month ago, would pump $115 million into aid programs for cities, counties and townships in the belief the additional state aid will allow local units of government to rely less on property taxes. 
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