Minnesota screws over its renters
Renters in Minnesota, give your Certificate of Rent Paid (CRP) a close reading this year. Your friendly state government has stolen some of the renters’ property tax refund money to balance the budget. Instead of estimating property tax as 19% of rent paid, they are using 15%, and the money to pay the difference is currently “unalloted”. A lawsuit over the legality of this is pending, according to the CRP.
Practically, what that means for my family is that the state will not be giving us about $100 of our money back, which is equivalent to a 13% increase in our state income tax bill.
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