Understanding Your Rights in the Minnesota Property Settlement

What You Need to Know About Property Forfeiture Settlement

If you owned property in Minnesota and faced forfeiture due to unpaid property taxes, you could be eligible for compensation through a recent class action settlement. This case centers on the rights of property owners who may not have received the full value of their forfeited properties.

Examining the Background of the Lawsuit

The core of the lawsuit involves property owners, their heirs, or parties interested in the properties that were forfeited. They claim that they were not compensated fairly when their properties were taken due to unpaid taxes. The legal case, known as Tyler v. Hennepin County, has raised important questions about property rights and compensation for affected owners.

Who Can Claim Compensation?

Class members eligible for compensation include anyone who owned or held interest in property that the state forfeited for failure to pay property taxes. This applies specifically to properties in:

• Hennepin County: from August 16, 2012, to December 31, 2023.
• St. Louis County: from June 2, 2016, to December 31, 2023.
• All Other Minnesota Counties: from June 23, 2016, to December 31, 2023.

Whether you owned a property outright or had a mortgage or lien, you may still be eligible to receive funds. Even if the original property owner has passed away, their heirs may file a claim.

Understanding the Settlement Provisions

Those who submit valid claims can anticipate receiving up to 90% of the surplus value from their forfeited property. The calculation of this value will be based on either the sales price or the fair market value assessed by the local authorities. After deducting any property taxes owed, eligible claimants will receive an amount reflective of the property's true value, plus interest.

Specific Guidelines and Rights for Class Members

To participate in the settlement, you must take action:

• File a Claim: To be considered for compensation, you need to file a claim online or download a form to submit it by mail. Claims must be submitted by 5 p.m. CDT on June 6, 2025.
• Opt-Out or Object: If you choose not to file a claim, you will forfeit your right to compensation but must accept the settlement terms. If you do object, you still may be eligible for a payout, provided you submit your objections by November 8, 2024.

Visit MNTaxForfeitureSettlement.com or call for detailed instructions on filing a claim, objecting, or opting out.

Upcoming Fairness Hearing

A Court hearing regarding the fairness of the settlement will be held on December 16, 2024. This event will take place virtually, and participants can join online. Class members are encouraged but not obligated to attend and may present any objections they have regarding the class action settlement. During this hearing, the court will assess the settlement's fairness and any proposed attorney fees, which amount to a percentage of the overall fund.

Seeking Further Information

As the settlement progresses, more details and necessary updates will be made available on the settlement's official site. If you have further questions about the class action or need assistance with your claim, remember to visit the official site or reach out to the designated number for personalized help.

Frequently Asked Questions

What is the main claim in the Minnesota Property Settlement?

The claim addresses that property owners were not compensated fairly for their forfeited buildings beyond what they owed in taxes.

How do I know if I'm eligible for compensation?

If you owned property that was forfeited for unpaid taxes during the specified dates and locations, you may be eligible.

What is the deadline to file a claim?

The deadline to submit your claim is 5 p.m. CDT on June 6, 2025.

Can I object to the settlement if I don't want to file a claim?

Yes, you can object to the settlement, but not filing a claim means you may lose compensation benefits.

Where can I find more information about the settlement?

More information is available at MNTaxForfeitureSettlement.com or by calling the designated helpline.

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