Property Taxes, Too (At Least in Minnesota)
In addition to the more recognizable hallmarks of Fall, Minnesotans — at least ones who have cars parked outside — will doubtless recognize that last sign (literally) as well.
The explanation: the cool overnight temps cause the air in the tires to contract, tripping the warning light.
Higher Carrying Costs
For Minnesota homeowners, one other Fall marker is the looming, “second-half” property tax payment, due October 15.**
I can’t prove it, but I’ve always suspected a link between that deadline, and price reductions on “For Sale” homes — especially vacant ones.
Mid-October is when prospective Sellers contemplate the added carrying costs of owning a home through the winter, and, if they’re motivated, reconsider their asking price if it’s unrealistic.
**The first-half payment is due May 15.
The standard explanation for that not-so-coincidental timing is that — once upon a time when the state’s economy was overwhelmingly agricultural — the two times each year that farmers were predictably flush were before they planted in the Spring, and after they harvested in the Fall.