PROPERTY TAXES: House, Senate leaders agree on surplus relief - KMSP-TV

PROPERTY TAXES: House, Senate leaders agree on surplus relief

Posted: Updated:
ST. PAUL, Minn. (KMSP) -

Many Minnesotans could get a check back from the state now that lawmakers in the House and Senate have come to an agreement that surplus funds should be returned via property tax relief.

"Hundreds of thousands of Minnesotans receive those checks, but we've super-sized them this year," House Tax Chair Ann Lenczewski said.

WHAT IT MEANS FOR HOMEOWNERS

Half a million Minnesota homeowners will see a one-time, 3-percent increase applied this year to the homestead credit refunds.

The average refund check is estimated at $837.

WHAT IT MEANS FOR RENTERS

Those who rent will see a one-time, 6-percent increase in the renters credit refund.

An estimated 350,000 renters would see an average refund of $643.

WHAT IT MEANS FOR FARMERS

About 90,000 farmers will also get a piece of the refund pie with a new check of their own.

Homestead farms will see an average refund of $410.

DAYTON TO SIGN THE BILL

Republicans are on board with the deal because they say when there's a surplus, that money should go back to the taxpayers -- but the bill has yet to be drafted and proofed.

A conference committee will take up that task on Monday, and Gov. Mark Dayton has already pledged his support for the measure.

"Overall, I think it's a good bill, but I'm disappointed the child and dependent care tax credit for working families is not part of the bill," Dayton admitted. "But, the two bills that the Legislature has passed have been over $500 million of tax cuts for middle class Minnesotans and their families, and I think that's a very good job."

  • Most Popular StoriesMost Popular StoriesMore>>

  • VIDEO: 180-mph double crash during Brainerd drag race

    VIDEO: 180-mph double crash during Brainerd drag race

    Wednesday, August 20 2014 8:53 PM EDT2014-08-21 00:53:09 GMT
    Photo courtesy of NHRA on YouTubePhoto courtesy of NHRA on YouTube
    When it comes to drag racing, rocket-type speed is the name of the game -- but that also means things can go wrong very quickly, and a double crash at a Brainerd, Minn., track is another grim reminder.
    When it comes to drag racing, rocket-type speed is the name of the game -- but that also means things can go wrong very quickly, and a double crash at a Brainerd, Minn., track is another grim reminder.
  • 28 new foods at Minnesota State Fair in 2014

    28 new foods at Minnesota State Fair in 2014

    Wednesday, June 25 2014 2:57 PM EDT2014-06-25 18:57:53 GMT
    The Minnesota State Fair is adding 28 new foods to the already massive, artery-clogging list of 500 foods from 300 different vendors. New food include everything from a bacon-wrapped turkey leg and beer gelato to a shrimp dog and chocolate salami.
    The Minnesota State Fair is adding 28 new foods to the already massive, artery-clogging list of 500 foods from 300 different vendors. New food include everything from a bacon-wrapped turkey leg and beer gelato to a shrimp dog and chocolate salami.
  • New photos, bigger reward: 'We must find Ty Hoffman'

    New photos, bigger reward: 'We must find Ty Hoffman'

    Wednesday, August 20 2014 3:07 PM EDT2014-08-20 19:07:58 GMT
    Crime Stoppers and the Council on Crime and Justice are offering a reward of up to $10,000 for information leading to an arrest and conviction for the murder of Kelly Phillips in Arden Hills. The Ramsey County sheriff's office has identified Ty Hoffman as the suspect.
    Crime Stoppers and the Council on Crime and Justice are offering a reward of up to $10,000 for information leading to an arrest and conviction for the murder of Kelly Phillips in Arden Hills. The Ramsey County sheriff's office has identified Ty Hoffman as the suspect.
Widgets Magazine
Powered by WorldNow

KMSP-TV
11358 Viking Drive
Eden Prairie, MN 55344

Phone: (952) 944-9999
Fax: (952) 942-0455

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices