Ely Echo Editorial: $515 in your pocket thanks to mining

Property taxes are always a hot topic and rarely do people get good news when they open the envelope from their respective county.

But there is one thing to note, there has been a major increase in the taconite homestead credit which lowers residential property taxes.

Legislation sponsored by both Democrats and Republicans was passed that raised the credit from around $300 to $515 per homeowner, a 77 percent increase.