Overview: During a recent Minneapolis City Council meeting, the city’s property tax assessment and the challenges associated with tax court litigation were the primary focus. A significant increase in litigation, with approximately $13 billion under appeal for the 2025 assessment year, was highlighted. This increase in disputes is placing a considerable strain on the city’s resources, necessitating careful decisions on whether to settle cases before they reach trial. The meeting also addressed the continued decline in downtown commercial property values, marking the fifth consecutive year of decreases, with some council members speculating on potential stabilization . . .