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Agricultural Land Valuations in the Upper Midwest

The valuation of agricultural lands varies drastically across the Upper Midwest. Minnesota agricultural values rely primarily on market data derived from land sales, but agricultural areas in the Twin Cities area may qualify for a special program called “Green Acres.” What is the Green Acres Tax Program? Green Acres is the name of the Minnesota […]

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In the news: Improving the Minnesota tax court

I recently authored a commentary in the Star Tribune on the recent removal of George W. Perez from the Minnesota Tax Court. This removal shows that it is time to examine the status of the court and make it more accountable. Unlike other Minnesota courts, the tax court is not under the jurisdiction of the […]

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Minnesota businesses complain about high property taxes

Minnesota Public Radio recently ran a story detailing how some Minnesota businesses are struggling to compete along the North Dakota border. Moorhead convenience store and gas station operators were particularly hard hit because their customers can easily go to Fargo for the same services. Brady Olson is one small business owner who took out a […]

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Terry Branstad Signs Iowa Commercial Property Tax Bill

Iowa has joined the list of states that have lowered their commercial property taxes in order to attract businesses and developers. Iowa governor Terry Branstad signed a bill in Hiawatha yesterday at a local business, the Associated Press reports. “The tax relief in this bill will put more money in the pockets of Iowa families […]

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Case Study: $12 million reduction for a food processing plant

Owned by a food and meat products manufacturer based in Austin, Minn., this Illinois property was originally built in 1964 as a pork processing plant. Over time, several additions were built onto the property as the building was reconfigured into a general-purpose food processing plant with several new product lines. The local assessor had valued […]

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Hidden factors can lead to overtaxed industrial properties

Industrial properties present special challenges to property assessors. As drivers of the economy, these properties are large, visible structures in the community, home to expensive equipment and activities that generate revenue. In smaller communities, industrial properties are often the main commercial tax base for municipalities. All of these factors make industrial properties opportunities for over-assessment. […]

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