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Updated about 10 years ago,

User Stats

145
Posts
60
Votes
Raj Gandhi
  • Real Estate Investor
  • Saint Paul, MN
60
Votes |
145
Posts

Reminder for Minnesota Property Managers - Send Property Valuation to Tenants

Raj Gandhi
  • Real Estate Investor
  • Saint Paul, MN
Posted

Minnesota property managers, you should have received 2015 Property Valuations and estimated 2015 taxes in the mail recently.  Per State of MN instructions on the certificate of rent paid (CRP) form, link on this page: 2013 CRP, you're supposed to mail tenants a copy of the valuation.

Of course in January you need to send tenants the CRP form so that they can file for a tax refund.

Note, I can't find explicit instructions / laws regarding 2014 / 2015 so I'm assuming it is the same as last year.  Someone correct me if I'm wrong.

Does it rub anyone else the wrong way that the tenants are eligible for a property tax refund when it is the landlord paying the property tax?  Does it rub anyone else the wrong way that state statute forces property managers to do these two tasks (forward property valuation & send CRP form).  They aren't difficult but it is one more piece of non-value added red tape.