Speaker Thissen comments on continued progress for middle class families
St. Paul, Minnesota — A report released today by the Minnesota Department of Revenue shows that property taxes payable in 2014 are expected to decline for the first time in more than a decade. Speaker Paul Thissen released the following statement:
"This is more great news for Minnesotans and the progress we are making to grow our economy.
Minnesotans have seen their property taxes skyrocket over the last decade due to budget choices that put corporate special interests ahead of middle class families. We made a different choice this past year – investing in direct middle class property tax relief and restoring the state’s commitment to cities, counties, and school districts. Now, we are seeing the positive results and lower property taxes for homeowners and small business.
Holding down property taxes for middle class families provides economic security to families who have been experiencing double-digit property tax hikes. It’s especially good news for families in Greater Minnesota who were hit the hardest when Republicans eliminated the Homestead Credit in 2011.
While we are encouraged that we have stopped skyrocketing property taxes, we know that there is more work to do. That’s why we will move forward quickly this session to pass a significant middle class tax cut. Our economy is growing and we can make more progress if we continue to expand and grow our economy from the “middle-out.”
Read more about the Minnesota Department of Revenue's property tax report here:
http://www.revenue.state.mn.us/propertytax/Pages/property-tax-levies.aspx