Our readings for this week mention that many states require truth-in-taxation procedures when there are increases in the amount of property taxes that citizens must pay – whether due to an increase in property values or changes in the tax rates (pg 324). So were Minneapolis residents forewarned or allowed to weigh in about the proposed property tax rates? Yep. The state of Minnesota, through Minnesota’s Truth in Taxation policy, requires that local government entities provide public advertisements on the budget/levy of certain taxing jurisdictions, parcel-specific notices sent to the owner of the property, public hearings and changes in the property tax statement when such increases occur. Here is the truth in taxation bulletin from the City of Minneapolis concerning the increase.
A public hearing was also held in November 2010 in regards to the tax hike, though I couldn’t find any minutes from the meeting. I was however able to find minutes from a Truth-In-Taxation hearing in Nobles County (MN), showing that there weren’t any citizens present at the meeting. I wonder if the Minneapolis hearing was any different.
As a Minneapolis homeowner, I wanted to know which county had the lowest tax rate…turns out that Dakota County has the lowest county property tax rate in the Twin Cities metro area and the state in general. See the chart below for comparisons with other counties in the Twin Cities metro area, and here for information on how it is the lowest in the state. Despite these tax increases, I still value access to public transportation, walkability, the arts, events and city-life too much to "vote with my feet" and leave Minnapolis/Hennepin County...at least for now!