Show me your property tax bill

If I said my property taxes went up $75, would that be a lot? What if I said they went up 3 percent?

My property tax statement came in the mail yesterday and it shows they’re going up $75, or 3 percent. To me, 3 percent sounds worse than $75, which, of course is only $6.25 a month. I probably can swing it.

In a story about Floodwood earlier this week, we noted that property taxes on one business have gone up 36 percent the last 10 years. Is that a lot? It’s hard to say without actual numbers. For example, if the typical tax bill was $1,500 a year, that’s an average increase of about $57 a year. Is that out of line? Inflation alone would have increased that $37 a year.

Every year, I invite people to add their particulars in the comments section below. How much — in actual dollars — is your property tax bill rising — or falling?

Also, the Public Insight Network is gathering data on the subject here.

  • Kassie

    My property taxes went down about $100. It is, of course, because my house is valued at $40k less than last year, more than a 25% decrease in value. How does a house lose 25% of its value in one year with someone living in it and doing upkeep? Just crazy.

  • Matt B

    Kassie gets at what I think is the bigger point. Our taxes saw a 2% increase (Brooklyn Park) but the value of the house dropped 13%. The shock really comes in on the increase on top of the value decrease.

  • http://mnprairieroots.wordpress.com Minnesota Prairie Roots

    I just about fell over when I opened my proposed 2012 property tax statement. My property tax is increasing 12.6 percent, or $72. It’s not the dollar amount that bothers me, but the percentage.

    Here’s the worst part, though: The taxable market value of my Faribault home dropped $30,000 to $50,200. Unbelievable.

    If it drops much more, my house will be at the same value or less than my husband and I paid for it in 1984, when the interest rate on our mortgage was an astounding 10.75 percent.

    Looking back in my files, I find that the valuation on my property in 2006 was $111,700.

    Anyone else in Faribault finding the same crazy property value plummets on their statements?

  • Joanna

    up $128.

  • Sue

    My property tax went up about $100 bucks but my house’s appraised value went down $14,920 to about $233,000. This is a far cry from what I paid for the house.

    So am I supposed to be happy that my house value went down and therefore my property taxes only went up about $100? Or should I be upset that my property value is a far cry from what I paid for it in 2004?

  • P2j

    I’m in Washington County.

    Property taxes down $11, or -0.60%. Estimated market value down 1.26% or $4,000.

    If you include the new “Homestead Exclusion” calculation the Taxable market value is down 4.1% or $13,000. My value is now at about mid-2004 levels.

    Taxes here have not changed appreciably since a 5.1% increase in 2009. The last three years have been tenths-of-a-percent changes up or down.

  • Ken Paulman

    In West St. Paul, my taxes are going up $44/year. Assessed value on the house declined 19%.

  • kurt

    Our market value dropped $21,000 which brings it to the same level we purchased at 11 years ago. Our taxes increased 4.5% or $130.

    I will most certainly contest this increase. If according to the City of Minneapolis, only homes valued over 188,000 would see an increase, except for our house, which is valued less than that amount, and yet they tell me I still get to pay an additional 4.5%.

  • Jason

    The decrease in my taxable value ($22k) is entirely accounted for by the homestead law change. Total taxes when up $150

  • Wendy

    The “truth in taxation” notices seem to bbe particularly confusing this year. I didn’t think they could make them worse, but they did.

    There should have been several lines at the top: market value, market value exclusion, and taxable market value. People are freaking out over huge drops in value, because they don’t understand the difference between market value and taxable value.

    My taxes went up by $15, which is .6%. If not for the market value exclusion, they would have gone up more than that.

  • Bill Rahn

    Hmmm…interesting topic, interesting info.

    I live in Washington County (Afton, and not the rich part!) in a 130 year old farmhouse. I went back to 2000 (I’ve lived here since 1983) and looked at the numbers:

    In 2000 my Mkt value was $152k, and taxes ( from all tax authorities) were $1848.

    Both numbers rose steadily thru to 2008: Mkt value of $363k, taxes $2768. Up 50% in 8 years

    Mkt value shrunk to $321k in 2011, but taxes peaked at $3046.

    My newest statement recieved last week lists Mkt at $ 247k (down 74000 in one year!) with taxes dropping to $2520 (-21%), close to what they were in 2006.

    Several factors besides Market Value figure in here: I got varying amounts of Property tax refunds yearly, which effects the actual amount paid ( although generally I’m using that check each fall to pay the property taxes due in October…odd system), and there have been varying amounts over time for school levies (Stillwater district, and things look tough for the future there).

    Still, ignoring the peak, my theoretical property is worth 61% more over the last 12 years, and my taxes are up 36% ( I’m a Math teacher in Woodbury…and my wages have not gone up 36% in the same span!)

  • John O.

    Here is Dakota County, my taxable Market Value is -12% compared to last year and taxes went up 0.6 percent ($14).

  • Vicky H

    McLeod County – a small farm – taxable market value, including the homestead exclusion, is down 9.5%, Our property taxes are up 16% ($222). Sort of different than most of the people who have posted so far.

  • Nick

    This is an education and a journalism problem. Percentages are useless without asking the question, “A percentage of what?” Journalists are terrible at not giving context for large numbers they throw around: “Company X had profits of $30 million” sounds like a lot until you consider maybe that was on sales of $1 billion, in which case it’s anemic.

  • Tonyia

    Rural Dakota county – 20 acres on a gravel road, no city services, and intermittent winter snowplowing. Our taxes went up 6.5% and our taxable market value dropped 6% to 304K. We’re slated for $3,557 at this time. However, we just passed a school referendum and that will add at least $200 to the bill. (another 6%, for a total increase of 12.5%)

    sigh…

  • Justin H

    In Minneapolis, I went up exactly $200.20, or 5.5%. I bought this house a year and a half ago, and my taxes have gone up $800 in that time. Also property insurance has gone up, too. Whee!

  • Brett C

    It was my understanding that our property taxes were based on a certain mil rate per each community. Can someone explain to me how our tax rate go up while our home value goes down, if this is tied to a set mil rate.

  • bazinga!

    ah yes, the ‘Homestead Law’

    There is no ‘U’ in Homestead. : )’

  • Tom

    +$150 or 3% increase but still almost $450/month in just property taxes.

  • Curt Frederick

    Property taxes should be called what they really are: local taxes. They use property values to figure out your percentage somehow but it still amounts to local taxes from your city, your county and the school system. So, if your taxes increase, it is because local officials are increasing the local taxes(just as state government increases taxes.)

    If one looks at taxation in general, you only pay taxes once on income(or purchases – remember when there was an increase of sales tax to 5% and the Democrats said it was a temporary increase, then they said the same for 6%), not again and again. Property taxes are very unfair because they never take into account your income and have been used to force people out of the homes they own because of economic hardships or limited income. This is like saying the county and city own your home if you don’t pay them their pound of flesh. The whole system is unfairly based on us taxpayers and should be scrapped with one that is based on income, not property values.

  • Josh

    I haven’t received my 2012 statement yet, but I am assuming they are going up. My property taxes have increased 70% since I bought my house 4 years ago.

  • Bob Collins

    //So, if your taxes increase, it is because local officials are increasing the local taxes(

    Quite a few levys have stayed the same or gone down.

    One thing that’s interesting to me is how people don’t understand how their taxes can go up while their market value goes down.

    But a dumptruck full of asphalt to fix a street doesn’t go down if your market value goes down. The teacher’s health insurance doesn’t roll back to match market value, and the 20-year bond interest the city floated to buy the police car and fire truck doesn’t change when market value goes down.

  • http://twitter.com/mindtron mindtron

    House in Northeast MPLS

    Value is -18.6% to $135,525

    Property Tax is -2.3% down $60 from LY

  • Nate

    In St. Anthony (Hennepin Cty), up $260.55 (about 6.5%) when the property value is down $12,640. Most of the increases were from city and county. Our levy need actually stayed pretty flat.

  • Rick

    Property taxes are also based upon a percentage from the area’s value. If everyone’s home dropped in value by an equal percentage, all things equal, your taxes would not change. If only your house dropped in value, that would be the time that you taxes would decrease assuming no leavys or other local tax changes (which happen all the time).

    Basically, the real estate market shouldn’t make a big difference on your house unless your block all drops in value and the people around you increase in value. This happens because otherwise when the real estate market crashed and everyone’s home values went down hill, all of the local governments didn’t lose their shirts (and likewise when the bubble was at it’s peak, they weren’t swimming in money)

  • Kevin Watterson

    Be careful that when you look at your valuation you are looking at the assesed value, not the taxable value. They’re different.

    My assessed value stayed the same and my property taxes went down 22% in Minneapolis.

  • phillip

    My property tax has gone up $1500 bucks in 4 years on a $300,000 house. . $500 this time around. Id move if I wasn’t underwater, its obscene.

  • Josh

    In Ramsey County, taxable property value went down 10%, yet my property taxes increased just over 10%.

  • http://linkert.name gml4

    Just found my proposed property tax info for 2012. Our property taxes have been going up approx 20% nearly every year since we build here in Mound (western Hennepin) in 2005.

    It seems we finally topped out last year, and our total property taxes paid will be going down slightly because the value of our home is going down slightly.

    However, our community did approve a three question school referendum, so they are still increasing.

  • jab

    mine went up 42% on this statement. value went down by a third.

    rural, no services.

    anyone want to buy 40 acres with house?

  • Mark Snyder

    Northeast Minneapolis.

    Taxable market value declined from $165K to $132K. Property tax declined 4% or $100.