Possible lower property tax increase for Minneapolis
Minneapolis residents could have a decrease in their 2011 property taxes. A budget deal completed Monday by Mayor R.T. Rybak and City Council members would limit the increase in the city's 2011 property tax collections to 4.7 percent, the Star Tribune said. The tax will decrease from being 6.5 percent to 4.7 percent. The property tax bill for a typical $196,000 home will be $42 smaller under the 4.7 percent levy increase, the Minnesota Daily said. "Sometimes you stand firmly for the policies you propose even when they're unpopular," Rybak said. "Sometimes when you see the cumulative impact on people's lives of decisions you've made, you listen and take action."