This is a first for me as a homeowner. The notice states that Ramsey County is not raising property taxes in 2021 because of the pandemic. According to the county property taxes makeup 44% of the budget.
There were also small tax decreases from some city departments and from the regional rail authority. The end result for my household is a 9% decrease in property taxes.
There is also a deferred property tax program for seniors being offered by the state. The program caps property tax payments at 3% of the household income for people who are over 65, make less than $60,000 a year, and have lived in the home for at least 15 years.
The property taxes are deferred until the homeowner dies or the property is sold or if the homeowner withdraws from the program or if the property is no longer homestead. More information about the Senior Citizen Property Tax Deferral Program.
