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Progress Plus can assist site selectors with information, with site searches and tours of available sites, with connections and introductions to public and private sector resources.  Please review a small selection of available sites by clicking “Available Opportunities” on the left of this page.

 

South St. Paul and Inver Grove Heights have strong housing and economic sectors.  See below for recent statistics related to our growth.  Property tax information is also provided.

For a search of properties throughout Minnesota, including South St. Paul and Inver Grove Heights, you may also review the MNPRO database at www.mnpro.com.

For regional site selection information:

  

INVER GROVE HEIGHTS HOUSING AND COMMERCIAL INVESTMENT

Housing & Commercial Activity

Housing Information

Single Family Units:

6,761

Percentage Owner Occupied:

78

Multiple Family Units:

5,853

Median Sales Price:

$198,250.00

Mobile Homes:

858

Median Assessed Value:

$168,700

Number of Units Built Since Last Census:

1,867

Median Rent:

$767

Number of Residential Building Permits for 2005:

201

Vacancy Rate:

1

Value of Residential Building Permits for 2005:

$40,294,600

 

 

Source: Dakota County; Twin Cities Assoc of Realtors

Commercial Activity Information

Number of Commercial Building Permits for 2005:

62

 

 

Value of Commercial Building Permits for 2005:

$18,159,600

 

 

Number of Public Building Permits for :

 

 

 

Value of Public Building Permits for :

 

 

 

 

Retail Sales Information

Year

Community Sales

County Sales

2004

$776,111,525

$6,203,335,056

2003

$621,980,340

$5,781,056,739

2000

$505,825,832

$5,141,352,830

Source: MN Dept. of Revenue

 

INVER GROVE HEIGHTS PROPERTY TAX INFORMATION

Property Taxes - Payable 2006

Property Tax Information

Assessed Market Value Information

State Tax Rate

50.83%

Commercial

$273,649,700

Municipal Tax Rate

36.23%

Residential

$2,356,389,000

County Tax Rate

26.32%

Other

$498,787,030

School Tax Rate

19.93%

 

 

Misc. Tax Rate

4.62%

 

 

Total Tax Rate

137.93%

Total

$3,128,825,730

 

 

SOUTH SAINT PAUL HOUSING AND COMMERCIAL INVESTMENT

 

Housing & Commercial Activity

Housing Information

Single Family Units:

6,029

Percentage Owner Occupied:

70

Multiple Family Units:

37

Median Sales Price:

$159,000.00

Mobile Homes:

36

Median Assessed Value:

$139,700

Number of Units Built Since Last Census:

58

Median Rent:

$566

Number of Residential Building Permits for 2003:

787

Vacancy Rate:

1

Value of Residential Building Permits for 2003:

$10,333,455

 

 

Source: Dakota County; Twin Cities Assoc of Realtors

Commercial Activity Information

Number of Commercial Building Permits for 2005:

54

 

 

Value of Commercial Building Permits for 2005:

$10,346,359

 

 

Number of Public Building Permits for :

 

 

 

Value of Public Building Permits for :

 

 

 

 

Retail Sales Information

Year

Community Sales

County Sales

2004

$520,353,591

$6,203,335,056

2003

$411,237,874

$5,781,056,739

2000

$298,791,830

$5,141,352,830


Source: MN Dept. of Revenue

 

SOUTH SAINT PAUL PROPERTY TAX INFORMATION

Property Taxes - Payable 2006

Property Tax Information

Assessed Market Value Information

State Tax Rate

50.83%

Commercial

$149,895,900

Municipal Tax Rate

35.00%

Residential

$1,065,039,560

County Tax Rate

24.10%

Other

$197,462,693

School Tax Rate

25.85%

 

 

Misc. Tax Rate

5.91%

 

 

Total Tax Rate

141.68%

Total

$1,412,398,153
 

Minnesota commercial real estate taxes are based upon market value of taxable property as set by the local assessor. To calculate the tax for the current year, first compute the tax capacity by multiplying all property value up to $150,000 times .015, plus any value over $150,000 times .02. Example: net tax capacity on a $200,000 business property: ($150,000 X .015) + ($50,000 X .02) = $2,250 + $1,000 = $3,250. Tax capacity times the tax rate equals taxes owed. Commercial and industrial property must also pay a state property tax, which is equal to the tax capacity times the State Tax Rate.

In some localities where voters have approved referendums, an additional referendum tax must be added, calculated by multiplying the referendum tax rate times the total market value of the commercial property.

Please note: Specific property tax classifications and computations can be more complex and result in different tax amounts. This simplified explanation applies in the most general situations and will allow a business to roughly estimate its potential property tax burden. The county assessor or auditor may be able to answer questions about specific properties and uses.