Lake of the Isles Classic Original character? Check. Terrific location? Check. Great curb appeal, condition, updates, and well-priced at $1.295 million (below the tax assessed value)? You betcha. So, what’s the . . . uhh, hold-up? A whopping $26,329 annual property tax bill! If the City of Minneapolis was trying to dissuade upper bracket Buyers from...Read More
Minneapolis Property Tax Disconnect Pop quiz: the annual property taxes on this Kenwood short sale — listed at $349,900 — are . . . A. $3,142 B. $4,475 C. $6,020 D. $13,983 Answer: “D.” Assuming that the eventual Buyer has good credit, is putting down 20%, AND the short sale is approved at the list...Read More
