Article: STATE SEN. BAKK: PROPERTY TAXES PROJECTED TO INCREASE OVER $1,100 PER MINUTE IN 2008

Minnesota State Sen. Thomas M. Bakk, DFL-6th District, issued the following news release:

A nonpartisan study released this week reveals more bad news for Minnesota homeowners. Property taxes payable in 2008 are projected to increase at least $596 million statewide if all local taxing jurisdictions adopt their proposed levies, according to a Minnesota House Research property tax simulation. That's an 8.8 percent increase over 2007 taxes.

"Minnesota homeowners are looking at a $1,100-a-minute property tax increase in 2008," said State Rep. Lyndon Carlson, DFL -Crystal. "That's a disturbing number, considering it comes at a time when so many homeowners already can't afford to stay in their ...

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