Minnesota has agreed to a $109 million settlement to resolve claims that it failed to compensate property owners for surplus value when their properties were forfeited for nonpayment of property taxes.
The Minnesota property tax settlement benefits anyone who held any ownership interest, lien or other security interest in a property that was forfeited to the state of Minnesota in the last several years for nonpayment of property taxes and for which there was surplus value.
The settlement covers properties in Hennepin County that were forfeited between Aug. 16, 2012, and Dec. 31, 2023; properties in St. Louis County that were forfeited between June 2, 2016, and Dec. 31, 2023; and properties in all other Minnesota counties that were forfeited between June 23, 2016, and Dec. 31, 2023…