Sibley County Tax Hikes Coming 23 Sep 11

The elimination of Minnesota’s Homestead Residential Market Value Credit next year will cause property taxes in Sibley County communities to rise by as much as 15%. The tax credit was cut as part of the budget deficit compromise that ended the state government shutdown this summer. The Sibley County Board recently approved a 0% increase on the county’s property tax levy for 2012, but the loss of the homestead credit means that Sibley County cities will pay a larger tax share. Gaylord, Gibbon and Arlington will all see increases of more than 14%. New Auburn residents will see a more-than 13% tax increase, Winthrop more-than 11%, and Henderson and Green Isle residents a more-than 8% increase. Sibley County townships will see tax hikes ranging from a more-than 2% increase to over 6%.