Real estate
fromSFGATE
9 months ago22.5% of Homeowners in Minnesota Will Face a Hidden Home Equity Tax If They Sell
Minnesota homeowners face unexpected capital gains tax due to rising home values exceeding outdated federal limits.
Currently, the average price for a starter home in Minnesota is $293,910. To comfortably afford that, first-time buyers would need an annual income of $70,394, assuming a 7% mortgage rate and 10% down payment.