Test your knowledge of current Minneapolis property taxes, and guess what tax bill goes with this 5 BR/5 BA Kenwood home just north of Lake of the Isles, listed at $799,900:

A.  $6,479
B.  $9,123
C.  $12,815
D. $24,286

Answer:  D.

Yup, depending on how much they put down and what kind of mortgage they get, prospective Buyers can expect to pay almost as much in property taxes as they will on their house payments.

Anyone else see a problem with this?

No wonder attractive, close-in neighborhoods in Edina, Golden Valley, and St. Louis Park are doing so well — and there’s so much upper bracket inventory on the market in Minneapolis near the lakes.

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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