Report claims decline in Minnesota property taxes in 2014 - KTTC Rochester, Austin, Mason City News, Weather and Sports

Report claims decline in Minnesota property taxes in 2014

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ROCHESTER, Minn. (KTTC) -- According to a recently released report, the majority of Minnesota homeowners will experience a double-digit percentage decline in property taxes for 2014 compared to 2013.

The report was released in Rochester on Tuesday by Minnesota 2020, a progressive think tank focusing on education, health care, transportation and economic development.

It claims to be the first analysis of the impact of 2013 and 2014 Minnesota tax acts, like the Homestead Credit Refund, on the typical homeowner in Minnesota communities.

Rochester City Council members attended the press event and called the report encouraging.

"This is just one of those things that is helping to make housing more affordable for those living on the margins in our community," said 2nd Ward Rochester City Council Member Michael Wojcik. "We face tremendous growth opportunities here in Rochester, but with that comes a lot of expenses that we will be taking on."

The report claims that in the year 2014, Minnesota homeowners will experience the largest property tax reduction in 12 years.

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