When it comes time to sell or buy a home, the government cannot help but put there hands into your pocket and ask for money as well. After all, what type of government would it be to not tax
There has recently been some “updates” to local taxes in Hennepin and Ramsey county:
- Effective May 31, 2008, the Ramsey county deed and mortgage tax is being reinstated until December 31, 2012. (Don’t think for a minute they won’t extend it further)
- Not to be out done, Hennepin county is also reinstating the deed and mortgage tax for the same time period.
(It is interesting to note that Anoka, Dakota, and St. Louis counties had the same request, but the taxes were not enacted.)