I don’t know how they do it but notices from the IRS and property tax notices always come to my house on a Friday or Saturday.
Anyhow our property tax statement came on Friday. Taxes went up. I did the math and if I was paying the taxes monthly instead of twice a year I would be paying $37.50 more each month. Since I pay the taxes once or twice a year I really notice the $225 to $450 dollar increase.
OUCH!
There are some property tax refunds available through the State of Minnesota. I mention this because some folks do not seem to be aware of it. Homeowners can file it free online by August 15th.
There is also a program for seniors that allows them to defer tax payments. It is actually a loan to be paid back with interest.
As a person who is self-employed, I am used to setting money aside for income taxes and for property taxes.
It is safe to assume that property taxes will be even higher in 2024, this year ours went up 12%. They do occasionally stay about the same from one year to the next. They rarely go down.
