Truth In Taxation Hearings Begin 29 Nov 11

Truth-in-Taxation hearings are being held across Minnesota beginning this week. They are required in cities with populations over 500, as well as school districts and other local taxing bodies. The hearings give local officials and taxpayers an opportunity to discuss proposed property tax levies. Those levies are expected to increase by an average of 1.2% statewide next year. That increase, combined with the legislature’s elimination of the state homestead credit, means Minnesota property taxes will be going up an average of 4.7%.