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House Plan Adds Tax Aid for Farmers, Homeowners

Created: 03/18/2014 3:34 PM KSTP.com
By: Cassie Hart

Minnesota House Democrats are lining up a second tax package that includes property tax assistance for many farmers, homeowners and renters.
    
A proposal outlined Tuesday would supply 75,000 farmers with an average $450 tax credit to offset rising tax bills caused partly by soaring land values. Separately, 500,000 homeowners would receive an extra 3 percent from the property tax refund program this fall. About 350,000 renters would get a one-time 6 percent boost in refunds.
    
The move is another sign that property taxes will be a campaign issue. The GOP is concentrating on the rising amount of taxes owed statewide, while Democrats argue many will pay the same or less once refunds are calculated.
    
The measures are distinct from $500 million tax break plan focused on income and business relief.

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Photo: KSTP/File

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