Article by Kristen Leigh Painter, Published by Star Tribune
"A rash of big-ticket commercial property sales in the Twin Cities during the past two years sparked optimism in the regional economy and big profits for real estate owners.
There’s another effect: Property taxes are rising quickly for businesses all around the region.
Commercial property taxes, unlike those for most residential properties, are passed on to tenants. And a substantial bump in the value of one property can raise the cost of business for a company occupying another one — even if it’s across town."