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Minneapolis Homeowners Face Tax Spike | Duluth News
Minneapolis homeowners brace for steep tax hikes as Mayor Jacob Frey proposes an 11.3% overall levy increase—some faces jumps of 20% or more—driven by plummeting commercial property values and a shifting tax burden that’s pushed residential taxes to nearly 56% of the city’s total capacity. To close a $33 million gap, the mayor’s plan includes cutting 100 city jobs, the most in 26 years, and consolidating departments—all while urging residents to “punch through this two-year ring of fire.” City Council must now decide amid public hearings before year-end, balancing fiscal survival with…
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