Being described as terrible, new numbers looking into the value of buildings in downtown Minneapolis are setting up yet another year of a heavier lift for homeowners’ property tax bills.
As those buildings continue to significantly lose value, it’s the residents who have to make up the gap in property taxes to fund the city.
And because of that, a Minneapolis city council member is holding community meetings to share the realities of the situation while planning for the short and long term to help tip the scale…