The Saint Paul Condo Blog

March 29th, 2008 10:27 PM


Looking through listings here in downtown and one thing becomes very clear.  There is absolutely no rhyme or reason for how taxes are assessed!

Here's an example. 

467 Sibley at the Dakota (one of the two level townhomes) just sold for $302,621 and the taxes for 2007 are at $4,142.  Giving you a tax rate of 1.37%

78 East 10th Street #508 (The Pointe) just sold for $92,000 and the taxes for 2007 are at $872 Giving you a tax rate of 0.94%

These are just a few of the examples that I have been finding in downtown.  I have been approached by homeowners and attorney alike trying to make sense of the tax methodology.  I have a feeling it's done like the childhood game of "pin the tale on the donkey" - blindfolded and full of... cake.

Posted by Bud Kleppe on March 29th, 2008 10:27 PMPost a Comment (0)
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