Property tax exemption is a complex issue. In many states, property tax exemption laws continue to change. Rules are applied on a county by county and assessor by assessor basis. Oftentimes, nonprofits attempt to file an application themselves but end up filing the wrong type of application. Another reason problems occur is because the application doesn’t make the case (it doesn’t say the right things). Many counties resist granting exemptions because it is lost revenue to the county and/or the school board. Therefore, the application must be presented well the first time or it might be denied. The Minnesota Council of Nonprofits publishes a guide on property tax exemption you can read it here.
Depending on circumstance, Minnesota nonprofits can enjoy a reduction in tax obligations, or even a total exemption. Therefore, if you run a nonprofit organization, it is important to make sure you are aware of tax law to ensure you take advantage of property tax exemption. Even if you’ve been denied in the past, we can help. With the right knowledge, it is possible to structure your organization in a way that maximizes the amount of available tax relief-without compromising your objectives and mission. Let us guide you in the right direction!
Have you been denied property tax exemption? Seek help immediately because it is possible to appeal the decision and try again. Nonprofits should consult with an attorney. We help clients with both the initial application and can represent you during an appeal, if needed.
In addition, it is possible to change your property tax status – even if you’ve been denied in the past. We’ll help you determine the best course of action.