Comments on: The Economic Dangers of Ever- Rising Downtown Property Taxes http://nddc.org/weblog/post/954/ Working together to sustain a vibrant downtown Northfield Thu, 02 Sep 2010 14:06:45 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Ross Currier http://nddc.org/weblog/post/954/comment-page-1/#comment-630 Ross Currier Sun, 30 Dec 2007 19:01:57 +0000 http://nddc.org/weblog/post/954/#comment-630 Hey Bright: Let's say that the City Council lays another million dollars of taxes on us. There are more than 5,000 residential properties and about 200 commercial properties in Northfield...but I'll admit I'm going for easy arithmetic. Putting that on the residential properties would be $200 each. Laying it all on the commercial properties would be $5,000 each. The bottom line is that residential and commercial properties are taxed at different rates. So a $300,000 residential property pays much less in taxes than a $300,000 commercial property. After meeting with Tom Nueville and Tom Grundhoefer, as well as folks from Rice County, and talking with building owners, we've developed a plan. We're ready to share it. Thanks much, Ross Hey Bright:

Let’s say that the City Council lays another million dollars of taxes on us. There are more than 5,000 residential properties and about 200 commercial properties in Northfield…but I’ll admit I’m going for easy arithmetic. Putting that on the residential properties would be $200 each. Laying it all on the commercial properties would be $5,000 each.

The bottom line is that residential and commercial properties are taxed at different rates. So a $300,000 residential property pays much less in taxes than a $300,000 commercial property.

After meeting with Tom Nueville and Tom Grundhoefer, as well as folks from Rice County, and talking with building owners, we’ve developed a plan. We’re ready to share it.

Thanks much,

Ross

]]> By: Bright Spencer http://nddc.org/weblog/post/954/comment-page-1/#comment-629 Bright Spencer Sun, 30 Dec 2007 17:57:37 +0000 http://nddc.org/weblog/post/954/#comment-629 For me, it is always good to hear some numbers on issues that have dollar signs. How much more money would private home owners be taxed in order to be able to help downtown building owners keep their taxes more "reasonable"? What other kinds of efforts do people need to make to help out the downtown building owners? Thanks! For me, it is always good to hear some numbers on issues that have dollar signs.
How much more money would private home owners be taxed in order to be
able to help downtown building owners keep their taxes more “reasonable”?
What other kinds of efforts do people need to make to help out the downtown
building owners?

Thanks!

]]>