How The City Of Minneapolis Can Help Property Owners During COVID-19 Crisis
The COVID-19 nationwide crisis is having a massive impact on Minneapolis homeowners. Many are losing their jobs or their incomes are dropping dramatically. The city of Minneapolis can help homeowners by waiving the property taxes that are due May 15th. If the average home in south Minneapolis is worth about $300,000, then the homeowner probably pays around $4500 in property tax. If the city of Minneapolis waived 50% of that fee then the average homeowner would save around $2250. Saving that much money at this critical time would really make a difference. It wouldn't be enough to compensate what most homeowners lost if they just lost their job or their income went down, but it would be better then nothing.