Essential Information About the Property Forfeiture Settlement
If you owned property in Minnesota that was forfeited due to unpaid property taxes, you might be eligible for compensation through a recent class action settlement. This case focuses on the rights of property owners who believe they did not receive the full value of their forfeited properties.
Background of the Lawsuit
This lawsuit involves property owners, their heirs, or other interested parties who claim they were unfairly compensated when their properties were taken due to unpaid taxes. The case, known as Tyler v. Hennepin County, raises significant questions regarding property rights and the compensation owed to affected owners.
Who is Eligible for Compensation?
Individuals who may claim compensation include anyone who owned or had an interest in property that the state forfeited for failure to pay property taxes. This specifically pertains 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 the property outright or had a mortgage or lien, you may still qualify for compensation. Additionally, if the original property owner has passed away, their heirs can file a claim on their behalf.
Details of the Settlement Provisions
Those who submit valid claims can expect to receive up to 90% of the surplus value from their forfeited property. This value will be determined based on either the sales price or the fair market value assessed by local authorities. After deducting any owed property taxes, eligible claimants will receive an amount that reflects the property's true value, plus interest.
Guidelines and Rights for Class Members
If you want to participate in the settlement, there are specific actions you need to take:
- File a Claim: To be considered for compensation, you must file a claim online or download a form to submit by mail. Claims must be submitted by 5 p.m. CDT on June 6, 2025.
- Opt-Out or Object: If you decide not to file a claim, you will lose your right to compensation but will still need to accept the settlement terms. If you choose to object, you may still be eligible for a payout, as long as you submit your objections by November 8, 2024.
For detailed instructions on how to file a claim, object, or opt-out, please visit MNTaxForfeitureSettlement.com or call the designated number.
Upcoming Fairness Hearing
A court hearing to evaluate the fairness of the settlement is scheduled for December 16, 2024. This hearing will be held virtually, allowing participants to join online. Class members are encouraged to attend, although it is not mandatory. They can present any objections they may have regarding the class action settlement. During this hearing, the court will review the settlement's fairness and any proposed attorney fees, which will be a percentage of the overall fund.
Obtaining Further Information
As the settlement progresses, additional details and updates will be posted on the official settlement website. If you have more questions about the class action or need help with your claim, please visit the official site or contact the designated number for personalized assistance.
Frequently Asked Questions
What is the main claim in the Minnesota Property Settlement?
The claim focuses on the assertion that property owners were not compensated fairly for their forfeited properties 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 qualify for compensation.
What is the deadline to file a claim?
The deadline for submitting 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 have the option to object to the settlement, but not filing a claim may result in losing your compensation benefits.
Where can I find more information about the settlement?
For more information, you can visit MNTaxForfeitureSettlement.com or call the designated helpline.
