Property Tax Calculator

A handy calculator from the League of Minnesota Cities.  You can compare cities or just use different values to determine your tax bill.

Property Tax Calculator.

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4 Comments

Filed under Accountability, Economic Development, Minnesota, Red Wing, Red Wing City Council

4 responses to “Property Tax Calculator

  1. sueinmn

    Thanks for the info. I calculated my home with neighboring cities of similar size and also with Rochester and Hastings. We are definately the higher of them all. I am wondering why? What public benefits or services are we receiving that they are not? We have less access to freeways for commuters, our education system, any better and so, more costly? Our basic city services certainly can’t be it. Possibly we have had larger “dreams” that have not panned out and proven cost effective. The city leaders should address these higher tax costs if they are truely interested in attracting more business and families to RW. I have lived here (and nearby WI) all my life and see few economic benefits of those looking to come to RW, other than all the subsidies the Port gives way to which cost us all more. (Tax Abatements is money not collected, JOBZ equates taxes not collected -Corporate and Real-Estate. Port debt carried as a burden, city spending is becoming a huge burden) There may be more benefits to leave as to remain. I am very fearful of what the next tax cycle will be in RW as they may see people bailing out, and not always by choice.

  2. I hope the spending issue comes up with the council in terms of how we compare to other cities. I might repost my comparisons. Tax abatements are actually collected; it is picked up by other property tax payers. JOBZ costs are more of a state revenue issue. But with all the JOBZ programs we all share in the costs. I agree, these next few years might be very ugly.

  3. sueinmn

    So you are saying that tax abatements, we all share the cost? A savings for few as the rest of us subsidize? Many of these jobs are barely a living wage. Shouldn’t abatements be more cautiously handed out then? Can you enlighten me to Port loans as carried on the books, (extensions, first-second year of no payments or sometimes interest only) are these finances backed with taxpayers money or merely the lien on assets, which we are often subordinate to banks. From what I have researched, more is owed than the revolving fund contains. How much taxpayer burden is really at risk in the many ways the port lends? Thank you. You offer more information relating to this city and issues than any one else and should be commended! Have you considered running for a leadership position? You maybe should give it thought!

  4. I try to be cautious in giving opinions as to public finance, as it can be quite complicated. However, my understanding is that either a city makes cuts to offset an abatement, or the cost is spread across the entire levy. Might be fair to say the amount is reallocated. I think any abatement should be carefully considered, but it is another economic development tool, or supposed to be.

    I don’t know to what extent the Mayor’s Blue Ribbon Panel will actually “examine the books” of the Port. It just hasn’t come up yet. One option is that the Panel could recommend a complete report be made available. I think an annual report with that kind of detail should be issued to the City, the Port Board, and the public. The next panel meeting will start talking about what areas to explore, etc.

    Thanks Sue for your questions and comments.

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