[bcc][faked-from][heur][bayes] Re: [Mpls] IDS tower sold

[Jennifer L. Rubenzer]

I was just opening this conversation up off line and I can say that many
homeowners are going to be paying much more in property taxes if the
assessed market value matches the true market value.  The disparity is
not a phenomenon specific to commercial real estate...as a REALTOR, I'd
prefer the boat not be rocked - we talk about affordable housing being a
goal, we should welcome ways to keep homeownership affordable (i.e. low
property taxes)

Just my two cents.

Jenny Rubenzer
Plymouth 

-----Original Message-----
From: mpls-bounces at mnforum.org [mailto:mpls-bounces at mnforum.org] On
Behalf Of John Harris
Sent: Thursday, November 11, 2004 12:46 PM
To: David Brauer; mpls at mnforum.org
Subject: [bcc][faked-from][heur][bayes] Re: [Mpls] IDS tower sold

This might have been discussed before so forgive me if I am bringing up
old
news.

Should the city evaluate property for taxing purposes, the same buyers
and
sellers evaluate property for buying and selling?

john harris
camden

--- David Brauer <david at tcq.net> wrote:

> On Nov 11, 2004, at 12:26 PM, Victoria Heller wrote:
> 
> > Even more intriguing is the fact that the Midwest Plaza building 
> > (attached
> > by skyway to the IDS building) has dropped 50% in taxable/market
value 
> > over
> > the past five years to a current $8.9 million.  True, it's smaller 
> > than the
> > IDS, but it's not just a blip on the sidewalk.
> 
> I think the point is that Mpls real estate goes up as well as down. It

> isn't all negative examples, as some suggest.
> 
> I have questions into the assessor's office about how they perform 
> valuations, especially on recent sales.
> 
> But regardless of the "developing" (for years on this list) "scandal" 
> about assessments, at least we can do away with the notion that it's 
> only bad times and fleeing businesses/investors in Mpls's future. 
> Clearly,  there are many heavyweights rushing in.
> 
> By the way, did anyone notice that Gander Mountain recently lost 25 
> percent of its stock value ? This is AFTER St. Paul threw $700,000 at 
> the company to relocate there. Remember this the next time anyone says

> Minneapolitans should replicate the Capitol City's corporate welfare 
> policy.
> 
> http://www.startribune.com/stories/535/5077387.html
> http://www.bizjournals.com/twincities/stories/2004/09/20/daily37.html
> 
> David Brauer
> Kingfield
> 
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REMINDERS:
1. Think a member has violated the rules? Email the list manager at
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2. Don't feed the troll! Ignore obvious flame-bait.

For state and national discussions see:
http://e-democracy.org/discuss.html
For external forums, see: http://e-democracy.org/mninteract
________________________________

Minneapolis Issues Forum - A City-focused Civic Discussion - Mn
E-Democracy
Post messages to: mailto:mpls at mnforum.org
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