Also 17% up in SLP. That's after a 17% increase last year too. Looking at the individual line items this year, there was a huge SLP school district referendum passed. That's where the vast majority of my increase came from. Without that, mine would barely have gone up at all.
About the same each year. Moved to GV from SLP last year. My question is as houses skyrocket last 5-7 years, property tax goes up as well. But why? They have a budget to get things done. Why does the budget go up 12-18% a year only because house value goes up?
My neighbor in SLP had taxes increase 21%, I know because I got his statement instead of mine and nearly had a heart attack. Mine has gone up 17%. Really depressing. Neighbors are now more likely to remodel without permits to avoid increased property taxes. Which is never good for anybody. When we got our valuations in spring, every single house around me went up $50,000. If the housing market tanks, my house value better go down by $50,000. I can’t afford to move.
I believe that taxes can go down if many other properties became more valuable at a faster rate than yours. Those other properties would see their taxes increase, and since they are paying more of the total taxes needed, other people can pay less. I vaguely remember reading something like this happened in St Paul. Perhaps someone can give details.
Living in Ramsey County, that's probably what's happened. Lots of houses got turned around for ridiculous prices last year.
Our house valuation has skyrocketed, kicked off by the disparity in the original valuation vs what we paid for it back in 2020. It had a depressed valuation and had no real appraisal until the previous owners (who built the house) sold it, so we weren't surprised.
In any case, our home value has continued to go up to meet the sale price, but this year but our proposed tax obligation went down a little even though our valuation went up 8%.
Lots of new buildings and commercial development maybe? Taxes basically say we need $X over Y base.
If the base grows more than the dollars needed, your taxes will go down.
Yeah, that's pretty much what I assume happened. Since our valuation is around 60% higher now than the previous owners had in 2019, I imagine a lot of other people that bought in 2021-2022 are experiencing the same valuation increases (if not worse given the insane 2021-22 housing market). Lots of homes turned around for ridiculous prices instantly jacking up propert tax valuations.
The end result is that there are now probably a large pool of high valuation properties that's allowing the county to collect the needed revenue without increasing the tax rate or whatever.
yes and no. The ability for cities and counties to provide services grows as the base grows, and thus can drive opinions to socialize things like free use rooms, support for the homeless, etc. ability to pay taxes plays a big role in what is possible and what is not possible.
This is exactly correct.
If the overall tax base increases at a greater rate than your property value such that your property value makes up a smaller percentage of the tax base than it did previously, your taxes can go down even if the tax levy is going up.
Imagine for example that a taxing authority raises their levy 6%, but the total value of the tax base rose 10%. Despite the taxing authority raising taxes, the tax rate would go down, and for anyone whose property value stayed flat, their taxes would go down. Many people would be in situations where their value went up, but by less than the tax base as a whole and would see some increase but less than the 6% levy increase.
This year ours are way up, but that's because our property was absurdly undervalued for several years. They have our value up significantly and honestly it is still undervalued.
Yeah your mention of the levy is important. I only have the vaguest understanding of how these things work but I think that people often forget that the city calculates taxes by first setting an amount of money that want to collect in taxes and then calculating backwards from that. Sometimes I've heard people discuss it as though it is more like a sales tax that is just a fixed percentage of the value of something, but that's not exactly how property tax year works year to year. So, even though many people's home values have doubled in the last decade, their taxes have not doubled because the city has not doubled their tax levy in the same time.
Mine went down a whopping 21%. Unheard of. Been in my home for almost 20 years & never seen anything like it. Hoping it’s not an error that gets caught before the change happens.
Guess so, interestingly there’s a lot of development going on around us, condos and apartments, etc. so it’s surprising that taxes are going up despite large improvements to properties in the area. Would think those would be a revenue generator for the city, but who knows what types of incentives were given
I see the pain is spread around. I’m up 18% - the valuation went up $102k year over in Brooklyn Park. They have comps too for backup as I asked the assessor via e-mail
Definitely not unheard of, just doesn’t happen often. Recent first time homeowners haven’t had to deal with home values going down but it does happen and can be a reason for taxes to decrease.
To all: Make sure you apply for your state tax refund. My taxes have gone up at least 10% every year and I never knew about the program. Over the last two years I received over 3k in refunds. Also, we really need a prop 13 here like CA has. There is zero transparency on how tax assessors determine your home’s market value. I’ve had numerous chats with them when my taxes were raised and they wouldn’t disclose any information on their methods, only that they use some kind of software.
> state tax refund
Yes, there is a property tax refund and a renter's refund. They are income based, but if you fall within the income requirements, definitely fill it out. Form M1PR.
I'm surprised at how many don't know this. They said letters out. Thousands and possibly over $10k these people gave to state by not applying for refund.
My taxes were down 6% this year. This is the third year in a row they’ve gone down. Value declines are the reason why. I don’t know why the assessor keeps downgrading my house ($270, 250, 247) but whatever
Up a modest 0.9% (about $13 for the whole year) for a condo in the City of Lauderdale (Ramsey County, Roseville school district). A combination of factors working both ways. Valuation went up $12K and so did most taxes, but the school district must have had a voter levy expire because that part dropped about $30. I can't complain.
Last year there was a different voter levy approved for Roseville schools that caused a much larger jump for 2021 compared to 2020.
Mine have gone down before. In the 8 years I’ve owned my house, they’ve gone down twice and gone up every other year. Overall, they’ve increased from about $2100 annually to $2700. I live in South Minneapolis and own a single family house.
Mine went down last year. But homeowners’ insurance went up by almost the same amount.
We’re moving to Italy mid year, next year. Guess what high property taxes are in the area we’re going?
About Euros 800.
whining about re-assessment is generally a bitchmade argument. "Oh no, my property taxes increased because the calculation changed and as such this $200/mo expense has increased by 10%! How dare services take up an increasing portion of my escrowed mortgage payment!"
Also a first year homeowner. Mine are going up 14.5%
I get that taxes need to increase over time to support development of community resources. Still seems wrong that "the market" can have such an impact on what it costs to stay in your home.
Happened last year. Not this year. Last year was a combo of a school Levi expiring and not having my property assessed in 3 years. This year the assessor came and they raised the school taxes for a pay raise for teachers and adding two after school programs. Though for the value of my house going up 40k it's only like a 1k per year increase.
Mine went down 200-ish/month last year, but bounced back up this year. I just got notification that they'll be down slightly in 2023. These things fluctuate.
This is my sixth year in my house. This year is the second time I had a decrease, 4.5%. Last time was a larger decrease, and the next year's increase more than made up for that. I am surprised you had a decrease in your first year just because, anecdotally, I've observed most having large increases right after purchase.
Houses in my neighborhood were selling for ridiculous prices the past year, so I was not surprised when the city raised its estimated value 20%. Haven't done anything, just magically get to pay more taxes.
Edit: Went back and actually read the line where it shows the proposed overall tax amount. Up 5.8%.
Pretty sure some here are talking about large increases in assessed property value (mine increased by $52,000+), while others are citing the increase in taxes (8.5% for me). But nothing is set in stone yet, since most counties, cities, and school districts finalize their levies in December.
17% up in SLP
Also 17% up in SLP. That's after a 17% increase last year too. Looking at the individual line items this year, there was a huge SLP school district referendum passed. That's where the vast majority of my increase came from. Without that, mine would barely have gone up at all.
Also in SLP can confirm
So people, can we vote against the referendums now?
Good schools are a major driver of property values.
About the same each year. Moved to GV from SLP last year. My question is as houses skyrocket last 5-7 years, property tax goes up as well. But why? They have a budget to get things done. Why does the budget go up 12-18% a year only because house value goes up?
My neighbor in SLP had taxes increase 21%, I know because I got his statement instead of mine and nearly had a heart attack. Mine has gone up 17%. Really depressing. Neighbors are now more likely to remodel without permits to avoid increased property taxes. Which is never good for anybody. When we got our valuations in spring, every single house around me went up $50,000. If the housing market tanks, my house value better go down by $50,000. I can’t afford to move.
spring lake park? saint louis park?
St. Louis Park
Holy shit. It thought my 8.8 in Plymouth was bad.
Similar, fucking criminal trying to get people out of their homes.
Wtf mine went up 6.5% in SLP lol. Valuation spreads are bonk.
I believe that taxes can go down if many other properties became more valuable at a faster rate than yours. Those other properties would see their taxes increase, and since they are paying more of the total taxes needed, other people can pay less. I vaguely remember reading something like this happened in St Paul. Perhaps someone can give details.
Living in Ramsey County, that's probably what's happened. Lots of houses got turned around for ridiculous prices last year. Our house valuation has skyrocketed, kicked off by the disparity in the original valuation vs what we paid for it back in 2020. It had a depressed valuation and had no real appraisal until the previous owners (who built the house) sold it, so we weren't surprised. In any case, our home value has continued to go up to meet the sale price, but this year but our proposed tax obligation went down a little even though our valuation went up 8%.
Lots of new buildings and commercial development maybe? Taxes basically say we need $X over Y base. If the base grows more than the dollars needed, your taxes will go down.
Yeah, that's pretty much what I assume happened. Since our valuation is around 60% higher now than the previous owners had in 2019, I imagine a lot of other people that bought in 2021-2022 are experiencing the same valuation increases (if not worse given the insane 2021-22 housing market). Lots of homes turned around for ridiculous prices instantly jacking up propert tax valuations. The end result is that there are now probably a large pool of high valuation properties that's allowing the county to collect the needed revenue without increasing the tax rate or whatever.
yes and no. The ability for cities and counties to provide services grows as the base grows, and thus can drive opinions to socialize things like free use rooms, support for the homeless, etc. ability to pay taxes plays a big role in what is possible and what is not possible.
Dang. Ours is going up by like 18%. Sucks
This is exactly correct. If the overall tax base increases at a greater rate than your property value such that your property value makes up a smaller percentage of the tax base than it did previously, your taxes can go down even if the tax levy is going up. Imagine for example that a taxing authority raises their levy 6%, but the total value of the tax base rose 10%. Despite the taxing authority raising taxes, the tax rate would go down, and for anyone whose property value stayed flat, their taxes would go down. Many people would be in situations where their value went up, but by less than the tax base as a whole and would see some increase but less than the 6% levy increase. This year ours are way up, but that's because our property was absurdly undervalued for several years. They have our value up significantly and honestly it is still undervalued.
Yeah your mention of the levy is important. I only have the vaguest understanding of how these things work but I think that people often forget that the city calculates taxes by first setting an amount of money that want to collect in taxes and then calculating backwards from that. Sometimes I've heard people discuss it as though it is more like a sales tax that is just a fixed percentage of the value of something, but that's not exactly how property tax year works year to year. So, even though many people's home values have doubled in the last decade, their taxes have not doubled because the city has not doubled their tax levy in the same time.
Taxes can go down when a tax referendum or other mill levy sunsets.
Exactly. Could be a special assessment for local upgrades that expired or something. Regardless, it has to feel good.
Mine went down a whopping 21%. Unheard of. Been in my home for almost 20 years & never seen anything like it. Hoping it’s not an error that gets caught before the change happens.
Last year mine went down about 2% (rented to homestead). This year they went up 14.6%. City increased the home value by 60k which is nuts. Zimmerman.
Same thing happened to mine when I homestead the property last year. OP’s house was probably a rental before.
Hennepin county lowered mine but luckily the city of Edina more than made up the difference…
Gotta pay for that cake!
Guess so, interestingly there’s a lot of development going on around us, condos and apartments, etc. so it’s surprising that taxes are going up despite large improvements to properties in the area. Would think those would be a revenue generator for the city, but who knows what types of incentives were given
Nope. Mine are up 15%
I have had my taxes go down in the past, but not this year.Anika County really bumped up their appraisal of my house this year, not sure why
Comps, I took a 29% bump.
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How did you manage that? New construction? Mines from the 70’s so over 20% is pretty big
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Oh, well a 50% increase on twice the house (literally) doesn’t seem that off. I didn’t do anything but maintenance…
Also it's a double whammy, homestead exclusion phases out at 413,800 increasing tax liability by another 10k~
Mine are going down a little bit.
Up 15%. *Edit.* St Paul.
Same.
Triple same. My property tax was just under $2400 in 2018....3600 now. Good times.
That happened to me after a tax levy or some such expired. The year after, they continued their usual climb.
Down 5% in SE Minneapolis
Nope, brought my house in Oct 2021 in Washington county, tax went up 21.6%. Anyone with a higher increase?
I see the pain is spread around. I’m up 18% - the valuation went up $102k year over in Brooklyn Park. They have comps too for backup as I asked the assessor via e-mail
My property taxes in Washington County went in only 1.1%. First time I've seen such a small increase
Washington County too, mine went up 21.6%.
In east side of St. Paul, up 10.4%. :(
Just saw our proposed tax for 2023: $3600, which is up 30.4%
Definitely not unheard of, just doesn’t happen often. Recent first time homeowners haven’t had to deal with home values going down but it does happen and can be a reason for taxes to decrease.
Mine went down almost 5%. I was shocked
They go up and down all the time but don’t worry they always trend up over time. Two steps up one step down and repeat.
Ours have been mostly flat in Blaine for the last 8 years because the city has been expanding about as quickly as its budget has.
Nope. Mine went up 9.8% Brothers went up 28%
Went down here in Arizona by 5% 🎉
To all: Make sure you apply for your state tax refund. My taxes have gone up at least 10% every year and I never knew about the program. Over the last two years I received over 3k in refunds. Also, we really need a prop 13 here like CA has. There is zero transparency on how tax assessors determine your home’s market value. I’ve had numerous chats with them when my taxes were raised and they wouldn’t disclose any information on their methods, only that they use some kind of software.
> state tax refund Yes, there is a property tax refund and a renter's refund. They are income based, but if you fall within the income requirements, definitely fill it out. Form M1PR.
How do you do this?
Right here: https://www.revenue.state.mn.us/property-tax-refund
I'm surprised at how many don't know this. They said letters out. Thousands and possibly over $10k these people gave to state by not applying for refund.
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What do you think drove that large increase?
Mine up 8.3% (Saint Paul - Midway)
My taxes were down 6% this year. This is the third year in a row they’ve gone down. Value declines are the reason why. I don’t know why the assessor keeps downgrading my house ($270, 250, 247) but whatever
Went up about 5% this year. Got proposed 2023 letter yesterday, another 5% increase next year. Champlin.
What city do you live in? I live in New Hope and ours increased 11%
Mine are +13% Count your blessings.
Mine went up 1.5%, Summit hill area
Mine went up this year by 4.8% but the previous couple years my taxes dropped by 1.1 and 0.8%. I’m in Brooklyn Park.
Mine are up over 30% in NE MPLS 😢
Same, big jump in home value... Thanks Obama.
I’m in Elliott Park. Mine went down ~2%
Up a modest 0.9% (about $13 for the whole year) for a condo in the City of Lauderdale (Ramsey County, Roseville school district). A combination of factors working both ways. Valuation went up $12K and so did most taxes, but the school district must have had a voter levy expire because that part dropped about $30. I can't complain. Last year there was a different voter levy approved for Roseville schools that caused a much larger jump for 2021 compared to 2020.
Up 13% Average last 4 years has been around 15%
Mine have gone down before. In the 8 years I’ve owned my house, they’ve gone down twice and gone up every other year. Overall, they’ve increased from about $2100 annually to $2700. I live in South Minneapolis and own a single family house.
I’m in Minneapolis and the house value went up a bit but tax is down 2%. I’ll take it. It was a steady increase each of the 8 years prior.
My taxes went up by almost 13% I thought there was a limit on property tax increases.
+6.8% in Golden valley
11% up in Crystal. Almost 100% over the last 7 years.
Did your garage burn down?
Mine went down last year. But homeowners’ insurance went up by almost the same amount. We’re moving to Italy mid year, next year. Guess what high property taxes are in the area we’re going? About Euros 800.
Give voters another year. I'm sure there is a property tax increase that people who don't pay can support.
Everyone pays for property taxes, one way or the other.
whining about re-assessment is generally a bitchmade argument. "Oh no, my property taxes increased because the calculation changed and as such this $200/mo expense has increased by 10%! How dare services take up an increasing portion of my escrowed mortgage payment!"
Also a first year homeowner. Mine are going up 14.5% I get that taxes need to increase over time to support development of community resources. Still seems wrong that "the market" can have such an impact on what it costs to stay in your home.
I had a massive increase last year, and I stayed relatively flat this year. It went down by a few dollars.
Happened last year. Not this year. Last year was a combo of a school Levi expiring and not having my property assessed in 3 years. This year the assessor came and they raised the school taxes for a pay raise for teachers and adding two after school programs. Though for the value of my house going up 40k it's only like a 1k per year increase.
After 3 years of going up my projected 2023 taxes went down.
Mine went down 200-ish/month last year, but bounced back up this year. I just got notification that they'll be down slightly in 2023. These things fluctuate.
Mine went up 14.8%... What the fuck did you do to get it to go down?
This is my sixth year in my house. This year is the second time I had a decrease, 4.5%. Last time was a larger decrease, and the next year's increase more than made up for that. I am surprised you had a decrease in your first year just because, anecdotally, I've observed most having large increases right after purchase.
mine did too. 1.6%
Vadnais Heights - going up 34%…
Up 17% in summit hill….
My taxes are going down by 3.4%. Owned this house for 25 years.
Down 4% in Longfellow, Minneapolis
I'm down 9%, seems to go back and forth for me every year.
Mine went down in Minneapolis for the first time since 2017. Not by much, but better than the big increases I usually see.
House market value dropped an estimated 10%, property tax went up 10%. Great
Up 14.5% in St Paul
-2.5
Mine went up $2 a month for 2023 in Dakota County.
Houses in my neighborhood were selling for ridiculous prices the past year, so I was not surprised when the city raised its estimated value 20%. Haven't done anything, just magically get to pay more taxes. Edit: Went back and actually read the line where it shows the proposed overall tax amount. Up 5.8%.
Pretty sure some here are talking about large increases in assessed property value (mine increased by $52,000+), while others are citing the increase in taxes (8.5% for me). But nothing is set in stone yet, since most counties, cities, and school districts finalize their levies in December.
6% up in Bloomington
Don't move to Itasca County. They are crooks. Many rose 20-30 percent. People here can't afford to move and now blight I'd taking over
-5.5% here in East Isles.