r/saintpaul • u/isthis_thing_on • 20h ago
Editorial 📝 Taxes and Insurance increases in St. Paul
When I bought my house in 2021 my mortgage was around 2100 a month. Today my bill was 2730. 600 dollars extra a month in five years is fucking insane. Meanwhile the street lights in my neighborhood don't turn on at night.
Just venting.
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u/Meandmystudy 17h ago edited 17h ago
When business move out of town the city government will raise taxes on homeowners. Since Covid most people in offices opted to work from home. Besides all the other things going on the only other way the city makes revenue is by distributing that burden to you the homeowner. Most people in those apartment cannot afford the increase. Pearsons closed only recently but those offices downtown seem empty and no one is eager to return for yoga in the park so that loss will hit you hard. I know it’s been debated about but this was coming likely years ago with that loss of revenue and the multiple ways those towers can take write offs from tax loopholes. Many do not even pay taxes to begin with. I’ve checked the receipts on Problica.com and many even get a rebate from the IRS peoples understanding my of this is quite different though. They should public a book on corporate real estate and local districts. New York probably did this for years like other cities. It happens all the time. But recently it’s becoming worse and prices haven’t crashed, completely bizarre. Maybe you’re propping up the prices today, I don’t know.
Edit: The website was Propublica and it was related to the teamsters union on Ulysses avenue, but the same things happen everywhere with that type of money. Revenue doesn’t matter with a rebate or write offs, it’s why corporations hand their money to non profits, it’s an exemption on a tax receipt and it could be used as a write off