Timothy A. Rye

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Minnesota Property Tax Update

03/23/2020 / Tim Rye and Grady Harn

Businesses and real estate of all types are being disrupted and upended by the COVID-19 pandemic. As this pandemic changes the landscape on a daily basis, we will keep you informed of important property tax issues along the way. Currently, there are three upcoming property tax issues in focus:
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Financial Disclosures Complicate Property Tax Appeals

10/16/2018 / Tim Rye

When a property tax appeal is filed on an income-producing property in Minnesota, certain financial disclosures are required to be submitted to the county before Aug. 1.
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What Happens After a Property Tax Appeal is Filed in Minnesota?

01/22/2018 / Tim Rye

Minnesota's deadline to file a real estate tax appeal for taxes payable in 2018 is April 30, 2018, but what happens after the appeal is filed?
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Do Your Commercial Real Estate Taxes Seem Too High?

04/03/2017 / Tim Rye

Minnesota's deadline to file an appeal for taxes payable in 2017 is April 30, 2017, which means it's time for commercial property owners, tenants, managers, etc., to decide if a tax appeal is appropriate. Here are a few frequently asked questions.
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Does a Comparable Sale Represent Investment Value or Market Value?

10/05/2016 / Timothy Rye

Twin Cities commercial real estate has been experiencing substantial investment by real estate investment trusts (REITs), insurance companies, and other national investors. There can be many reasons for this: good market fundamentals, low unemployment, high quality of life, number of bike lanes, the list goes on and on. However, many of these investors are paying near-record and record-high prices for assets in the Twin Cities.
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Valuing Your Special Purpose Properties for Purposes of Property Tax Appeals

03/23/2016 / Timothy A. Rye and Mark R. Geier

The deadline for filing a property tax appeal this year is fast approaching: April 30. This article addresses a specific type of property that assessors have difficulty valuing and that is very common to manufacturers, processors and platers: special purpose properties.
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Minnesota Property Tax Watch for Taxes Payable in 2016

11/30/2015 / Timothy A. Rye

Minnesota taxpayers will soon have their first real glimpse of their 2016 real estate property tax obligations. Assessed values for 2016 taxes were sent in March or April, but many times the notices of value are filed away without much scrutiny. Now, taxpayers should expect to receive truth-in-taxation notices by November 24, 2015.
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Minnesota Tax Court Case Update: The New Era Begins

07/11/2013 / Timothy A. Rye

Here we have three tax court cases and one court of appeals decision: 1) argues for a motion in limine to exclude appraisal reports that use the larger-parcel appraisal theory; 2) argues for a dismissal of many because of non-payment of taxes by only a few; 3) a logical ruling regarding the all-too-common duplicate filing; and 4) the court of appeals reminds us of the balance between appraisal science, art, and judicial valuation decisions.
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Minimum Compensation an Update on County of Dakota V. Cameron, IV

10/02/2012 / Timothy A. Rye

In 2006 the Minnesota Legislature adopted a law intended to provide for just compensation to a property owner who is forced to relocate because of a public project. Our first glimpse of judicial interpretation of minimum compensation arrived on March 26, 2012, from the Minnesota Court of Appeals in County of Dakota v. Cameron IV,A11-1273 (Minn. App. March 26, 2012).
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A Recent Arms-Length Transaction May Be A Key To Lower Property Taxes

03/13/2012 / Timothy A. Rye

When a property is purchased at a price significantly below the current assessed market value, what impact can the sale have on the owner’s property taxes or on the taxes of owners of similar properties in the neighborhood? If the sale is arms-length does that guarantee a reduction in value and, as a result, a reduction in taxes? While a property that is purchased in an arms-length transaction will not result in a guaranteed reduction in taxes, it can be a significant – if not the primary factor – in obtaining a reduction.
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Vacancy in the Tax Court

01/12/2012 / Timothy A. Rye

During the recent recession and downturn in the commercial real estate market there has been increased vacancy across many commercial real estate sectors through higher rates of default by tenants, higher concessions required to maintain occupancy, and reduced demand.
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Articles for Timothy A Rye