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https://www.taxnotes.com/editors-pick/google-seeks-20-years-minnesota-tax-breaks-data-center https://www.taxnotes.com/editors-pick/google-seeks-20-years-... th
by abakker 8y ago
https://www.taxnotes.com/editors-pick/google-seeks-20-years-minnesota-tax-breaks-data-center https://www.taxnotes.com/editors-pick/google-seeks-20-years-...
that seems to be a much better article, but still doesn't elaborate on that "shortfall". The Taxnotes article makes this seem like a much better deal for the down, and a much more reasonable ask from google. They are effectively asking that they be granted a reduced increase in taxes on the proposed vast increase in property value from the value of their development"
>The county assessor valued the land at $1.76 million, and the city estimated that the property's market value upon completion would be $41.6 million. Local real estate taxes on the property are around $16,476 and are estimated to jump to $328,726 after the facility is built. Jet Stream requested property tax breaks for 20 years for the data center, but not school district tax abatements.
- tptacek 8y agoWhat a great find. Thank you!