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August 30, 2023 Last Edit: June 5, 2025
Commercial Property Taxes Much Higher Than Region, Nation.
New Report: Minnesota Property Tax System Soaks Small Businesses
Source: Minnesota Center for Fiscal Excellence
As bad as the property tax disparity for commercial parcels is now, it will get worse going forward thanks to “reforms” enacted by Governor Walz and the DFL-controlled Legislature. This year’s Omnibus Tax Bill shifted more of the local property tax burden onto businesses by increasing the exclusion level for residential property.
Minnesota’s property tax system includes “unique” features like the Statewide General Property Tax Levy, which can add 20% or more to a commercial/industrial property bill. It’s one of only 16 statewide property taxes in the country and the only one to exclusively tax all C/I property for general purpose appropriations.
NFIB Minnesota has seen success in cutting the Statewide General Property Levy in recent years, and we will continue fighting to reduce the property tax burden on small business owners.
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