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Wednesday, November 30, 2005
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Housing market helps hike property taxes
Staff Writer Crow Wing County's booming housing market can be thanked, in part, for rising property taxes.
Market values are determined by what property is selling for, said Crow Wing County Assessor Martyn Schmidt, and for the past several years house prices have been steadily climbing.
Area county truth-in-taxation hearings
Aitkin County: 7 p.m. Thursday at Aitkin County Courthouse. For more information or information on city and school district hearings, call the Aitkin County auditor's office at (218) 927-7354.
Cass County: 6 p.m. Thursday at Cass County Courthouse. For more information or information on city and school district hearings, call the Cass County auditor-treasurer's office at (218) 547-7260.
Crow Wing County: 7 p.m. Thursday at the Service Building. For more information or information on city and school district hearings, call the Crow Wing County auditor's office at (218) 824-1045.
Morrison County: 7 p.m. Thursday at the Morrison County Government Center. For more information or information on city and school district hearings, call the Morrison County auditor's office at (320) 632-0132.
Wadena County: 7 p.m. Thursday at the Wadena County Courthouse. For more information or information on city and school district hearings, call the Wadena County auditor-treasurer's office at (218) 631-7650.
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"It's a very active market," Schmidt said. "I've been seeing this for too many years to be surprised. It's been pretty constant. At this point and time, trends indicate they could continue to increase but there's too many factors to say it's going to continue. Anything can change. As we know with 9-11, things can change in a hurry."
Here are four parcel-specific examples of market value and property taxes in the Brainerd-Baxter area:
¥ A Crow Wing Township house - Market value of $227,300 with $2,060 in property taxes in 2004, increased market value of $236,600 with $2,207 in property taxes in 2005, and unchanged market value of $236,600 with $2,270 in proposed property taxes in 2006.
¥ A Baxter house - Market value of $253,500 with $2,236 in property taxes in 2004, increased market value of $282,300 with $2,807 in property taxes in 2005, and increased market value of $295,300 with $3,078 in proposed property taxes in 2006.
¥ An Unorganized Township house - Market value of $317,600 with $2,082 property taxes in 2004, increased market value of $325,600 with $2,609 in property taxes in 2005, and increased market value of $440,200 with $2,846 in proposed property taxes in 2006.
¥ A Brainerd house - Market value of $85,900 with $573 in property taxes in 2004, increased market value of $91,300 with $736 in property taxes in 2005, and increased market value of $105,000 with $886 in proposed property taxes in 2006.
In Brainerd, where the city council is proposing the tax rate stay the same in 2006 as it did in 2005, property taxes will still increase because market values have increased, said Brainerd City Administrator Dan Vogt.
"Growth alone will give you a certain amount of increased taxes," Vogt said. "You can keep the tax rate the same, but when you have that much more value added that will generate that tax."
MATT ERICKSON can be reached at matt.erickson@brainerddispatch.com or 855-5857.
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