Sen. Sieben to Host Forum on Homestead Credit Changes
Sen. Katie Sieben will host a forum on Wednesday, November 30 in Hastings about the Market Value Homestead Credit change and how that change will affect homeowner and business property taxes next year.
The forum will be held in the Community Room at Hastings City Hall from 6-7 p.m.
Matt Massman, the Deputy Commissioner of the Minnesota Department of Revenue will be at the meeting to field questions. Massman will make a presentation about the Homestead Credit changes at 6:15.
“The elimination of the Market Value Homestead Credit will have a direct impact on property taxes in 2012,” Sen. Sieben said. “This change, which I did not support, was implemented to solve the state’s budget deficit last summer. The elimination of the Homestead Credit and replacing it with a dramatically different tax ‘exclusion’ is causing confusion and prompting questions from residents. I encourage anyone with questions or concerns to come to the November 30th forum.”
The elimination of the Homestead Credit is causing property tax increases for both homeowners and businesses across Minnesota.
“Mr. Massman has extensive experience in tax and budget issues and can provide clear and accurate information on this change,” Sen. Sieben said. “I think it’s important for residents to understand how the Credit elimination came about, and who is responsible for the increase in tax rates, and ultimately property taxes. I hope to see a good turnout at this event.”
Hastings City Council Member Danna Elling Schultz, who is also chair of the city’s Finance Committee also encouraged residents to attend the meeting.
“Most tax statements have been mailed to residents and businesses and I’m sure many have seen the affects of the Homestead Credit elimination,” Elling Schultz said. “I encourage attendance at this forum to have your questions answered by a state fiscal expert.”
For further information, contact Sen. Sieben’s office at 651-297-8060 or via email at: email@example.com.