Our proposed property tax statement came in the mail on Friday. This year the proposed increase is 16.1%! OUCH! every taxing authority is asking for more money.
The city of Saint Paul has been getting extra payments from us each year for “street maintenance”. Now that fee will be collected with property taxes. That makes the taxes a bit more transparent but when added to all of the other tax increases the bill gets pretty high.
Home values went up. The valuations statements come out in March and homeowners have a chance to contest them. Good luck with that. On average St. Paul home values went up by almost 6% and in some neighborhoods property values went up by almost twice that much.
If you have not gotten your property tax statement yet, take a few deep breaths before you open the envelope. Perhaps an adult beverage is in order. If you property taxes are rolled into your mortgage with the payments spread out of twelve months you may notice the increase as much.
If you want to know more about Ramsey County and the budget, read about it on the property tax website.
As for federal taxes, it is complicated which is what will make it easy for our leaders to proclaim “huge tax cut” while raising our taxes.
So far our federal tax system has a done a great job rewarding the wealthy.