“Saint Paul Mayor Melvin Carter Proposes a 6.9% Property Tax Increase
Last week, Saint Paul Mayor Melvin Carter unveiled his 2022 budget proposal. Included in his budget proposal was a 6.9% increase in property taxes, which is equivalent to a $127 increase for a median value home in Saint Paul.
The mayor acknowledged that this tax increase could negatively impact people who were financially burdened due to the pandemic, which is why he also proposed a program to assist low-income homeowners, this program would receive $600,000 under the mayor’s proposed budget.” Pioneer Press
According to Mayor Carter, some of the property tax increase is supposed to help make housing more affordable. It is likely that it will do the opposite.
Go to Stpaul.gov to learn more about the city budget. It is a proposed budget. It isn’t too late to contact your city council representative and let them know that you believe higher property taxes will lead to more expensive housing.
I strongly favor affordable housing. Raising property taxes makes housing less affordable for everyone. Property taxes are regressive and disproportionally harm those who are already overburdened with housing costs.
