mn2020 report: hemorrhaging homesteads, supplement

Upload: minnesota-2020

Post on 07-Apr-2018

229 views

Category:

Documents


0 download

TRANSCRIPT

  • 8/3/2019 MN2020 Report: Hemorrhaging Homesteads, Supplement

    1/38

    1Minnesota 2020 Report: 2012 Property Tax Projections

    Projected 2012 ProPerty tax Increases

    supplml f Mi 2020 rpHemorrhaging Homesteads: Projecting 2012 Property Tax Increases

    Using simulations prepared by the Research Department of the Minnesota House of

    Representatives (House Research), Minnesota 2020 compared projected property tax

    increases for 2012 in multiple geographic locations. Each graph in this analysis compares

    the property tax impact of Governor Mark Daytons end-of-session proposal, the tax

    conference committee proposal, and the nal special session tax bill that was enacted in

    2011 for a specic region.

    These projections show how property taxes would change compared to the law that

    existed prior to enactment of the 2011 tax legislation.

    There are 13 categories of property tax that have been grouped into seven general

    classication for ease of presentation as shown in the graph below.

    cgi i hi p...p h fllwig gi fm

    Hu rh imuli

    Resiential Homestea Resiential Homestea

    1-3 Unit Rental Resiential Non-Homestea

    ApartmentsApartments

    Lo-Income Apartments

    Seasonal-Recreational Seasonal Recreational

    Business

    Commercial/Inustrial Lo TierCommercial/Inustrial High Tier

    Public Utility: Electric GenerationPublic Utility: Other

    AgriculturalAgricultural Homestea: HouseAgricultural Homestea: LanAgricultural Non-Homestea

    Miscellaneous Miscellaneous Properties

    9 The impact o the Renters PTR cuts is not reecte in this analysis.

  • 8/3/2019 MN2020 Report: Hemorrhaging Homesteads, Supplement

    2/38

    2Minnesota 2020 Report: 2012 Property Tax Projections

    THE fOLLOwING REGIONS wERE USEd TO dIvIdE dATA:

  • 8/3/2019 MN2020 Report: Hemorrhaging Homesteads, Supplement

    3/38

    3Minnesota 2020 Report: 2012 Property Tax Projections

    tbl f c

    swi Pp t . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

    G Mi Pp t . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

    Mpli Pp t . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

    G Mi ci Pp t . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

    G Mi tw Pp t . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

    nhw Mi ci Pp t . . . . . . . . . . . . . . . . . . . . . . . . . . 9

    nhw Mi tw Pp t . . . . . . . . . . . . . . . . . . . . . . . . .10

    nh cl Mi ci Pp t . . . . . . . . . . . . . . . . . . . . . . . .11

    nh cl Mi tw Pp t . . . . . . . . . . . . . . . . . . . . . . . . 12

    ti ci Pp t . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

    ti tw Pp t . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

    duluh a Pp t . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .15

    e cl Mi ci Pp t . . . . . . . . . . . . . . . . . . . . . . . . .16

    e cl Mi tw Pp t . . . . . . . . . . . . . . . . . . . . . . . .17

    cl Mi ci Pp t . . . . . . . . . . . . . . . . . . . . . . . . . . .18

    cl Mi tw Pp t . . . . . . . . . . . . . . . . . . . . . . . . . . .19

    suhw Mi ci Pp t . . . . . . . . . . . . . . . . . . . . . . . . . . 20

    suhw Mi tw Pp t . . . . . . . . . . . . . . . . . . . . . . . . .21

    suh cl Mi ci Pp t . . . . . . . . . . . . . . . . . . . . . . . .22

    suh cl Mi tw Pp t . . . . . . . . . . . . . . . . . . . . . . . . 23

    olm cu Pp t . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .24

    suh Mi ci Pp t . . . . . . . . . . . . . . . . . . . . . . . . . .25

    suh Mi tw Pp t . . . . . . . . . . . . . . . . . . . . . . . . . . 26

    ak cu Pp t . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27

    Whig cu Pp t . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28

    dk cu Pp t . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29

    cv & s cui Pp t . . . . . . . . . . . . . . . . . . . . . . . . . . .30

    nh Hpi cu Pp t . . . . . . . . . . . . . . . . . . . . . . . . .31

    suh Hpi cu Pp t . . . . . . . . . . . . . . . . . . . . . . . . .32

    suhw Hpi cu Pp t . . . . . . . . . . . . . . . . . . . . . . . . .33

    subub rm cu Pp t . . . . . . . . . . . . . . . . . . . . . . . . . . 34

    Mipli Pp t . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35

    si Pul Pp t . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36

  • 8/3/2019 MN2020 Report: Hemorrhaging Homesteads, Supplement

    4/38

    4Minnesota 2020 Report: 2012 Property Tax Projections

    ai & ci cu div Up

    swi Pp t

    9 Governor Daytons May 16 taxproposal would have resulted in noproperty tax increases.

    9 The conservatives tax conferencecommittee plan would have increaseprojected 2012 statewide property taxes

    by 4.8% or $393 million.

    9 In the nal special session tax bill, Gov.Dayton succeeded in achieving a smallproperty tax reduction relative to theconservatives proposal. However, withconservative insistence on protectingthe wealthiest 2% from an income taxincrease, large cuts in property taxaids & credits and large property tax

    increases were inevitable. Projected2012 statewide property taxes willincrease by 4.6% or $376 million.

    swi P 2012 Pp t IAll Categories o Property an Total (Percent)

    2012 P Pp t IAerage value Home (dollars)

    Stateie aerage alue home = $198,200

    9 The conseratie ai cuts an elimination o the homestea creit in thespecial session tax bill ill cause the projecte 2012 property tax on theaerage alue Minnesota home to increase by 4.7%.

    9 Conseraties ai & creit cuts in the special session tax bill ill result ina total projecte 2012 stateie property tax increase o $161 million orhomeoners, $64 or rental property oners, $33 million or armers, an$107 million or businesses.

    Base on inormation rom the non-partisan House Research department an Senate Counsel & Research.

  • 8/3/2019 MN2020 Report: Hemorrhaging Homesteads, Supplement

    5/38

    5Minnesota 2020 Report: 2012 Property Tax Projections

    ai & ci cu div Up

    G Mi Pp t

    9 Governor Daytons May 16 taxproposal would have resulted in noproperty tax increases.

    9 The conservatives tax conferencecommittee plan would have increasedprojected 2012 greater Minnesotaproperty taxes by 6.2% or $186 million.

    9 In the nal special session tax bill, Gov.Dayton succeeded in achieving a smallproperty tax reduction relative to theconservative proposal. However, withconservative insistence on protectingthe wealthiest 2% from an income taxincrease, large cuts in property taxaids & credits and large property tax

    increases were inevitable. Projected2012 greater Minnesota property taxeswill increase by 5.8% or $174 million.

    G Mi P 2012 Pp t IAll Categories o Property an Total (Percent)

    2012 P Pp t IAerage value Home (dollars)

    Greater MN aerage alue home = $158,000

    9 The conseratie ai cuts an elimination o the homestea creit in thespecial session tax bill ill cause the projecte 2012 property tax on theaerage alue greater Minnesota home to increase by 5.9%.

    9 Conseraties ai & creit cuts in the special session tax bill ill result in a totalprojecte 2012 greater Minnesota property tax increase o $59 million or homeoners,$22 million or rental property oners, $31 million or armers, an $51 million orbusinesses.

    9 Uner the special session tax bill, the percentage increase in greater Minnesota propertytaxes is aboe the stateie aerage.

    Base on inormation rom the non-partisan House Research department an Senate Counsel & Research.

  • 8/3/2019 MN2020 Report: Hemorrhaging Homesteads, Supplement

    6/38

  • 8/3/2019 MN2020 Report: Hemorrhaging Homesteads, Supplement

    7/38

    7Minnesota 2020 Report: 2012 Property Tax Projections

    ai & ci cu div Up

    G Mi ci Pp t

    9 Governor Daytons May 16 taxproposal would have resulted in noproperty tax increases.

    9 The conservatives tax conferencecommittee plan would have increasedprojected 2012 greater Minnesota cityproperty taxes by 6.8% or $114 million.

    9 In the nal special session tax bill, Gov.Dayton succeeded in achieving a smallproperty tax reduction relative to theconservative proposal. However, withconservative insistence on protectingthe wealthiest 2% from an income taxincrease, large cuts in property taxaids & credits and large property tax

    increases were inevitable. Projected2012 greater Minnesota city propertytaxes will increase by 6.3% or $105million.

    G Mi ci P 2012 Pp t IAll Categories o Property an Total (Percent)

    2012 P Pp t IAerage value Home (dollars)

    Greater MN city aerage alue home = $136,700

    9 The conseratie ai cuts an elimination o the homestea creit in thespecial session tax bill ill cause the projecte 2012 property tax on theaerage alue greater Minnesota city home to increase by 4.6%.

    9 Conseraties ai & creit cuts in the special session tax bill ill result ina total projecte 2012 greater Minnesota city property tax increase o $35million or homeoners, $20 million or rental property oners, an $47million or businesses.

    Base on inormation rom the non-partisan House Research department an Senate Counsel & Research.

  • 8/3/2019 MN2020 Report: Hemorrhaging Homesteads, Supplement

    8/38

    8Minnesota 2020 Report: 2012 Property Tax Projections

    ai & ci cu div Up

    G Mi tw Pp t

    9 Governor Daytons May 16 taxproposal would have resulted in noproperty tax increases.

    9 The House and Senate conservativeplan would increase projected 2012greater Minnesota town property taxes

    by 5.4% or $72 million.

    9 In the nal special session tax bill, Gov.Dayton succeeded in achieving a smallproperty tax reduction relative to theconservative proposal. However, withconservative insistence on protectingthe wealthiest 2% from an income taxincrease, large cuts in property taxaids & credits and large property tax

    increases were inevitable. Projected2012 greater Minnesota town propertytaxes will increase by 5.1% or $69million.

    G Mi tw P 2012 Pp t IAll Categories o Property an Total (Percent)

    2012 P Pp t IAerage value Home (dollars)

    Greater MN ton aerage alue home = $197,900

    9 The conseratie ai cuts an elimination o the homestea creit in thespecial session tax bill ill cause the projecte 2012 property tax on theaerage alue greater Minnesota tonship home to increase by 6.3%.

    9 Conseraties ai & creit cuts in the special session tax bill ill result in a totalprojecte 2012 greater Minnesota ton property tax increase o $25 million orhomeoners, $3 million or rental property oners, $29 million or armers, an $5million or businesses.

    9 Uner the special session tax bill, the percentage increase in greater Minnesotaton property taxes is aboe the stateie aerage.

    Base on inormation rom the non-partisan House Research department an Senate Counsel & Research.

  • 8/3/2019 MN2020 Report: Hemorrhaging Homesteads, Supplement

    9/38

    9Minnesota 2020 Report: 2012 Property Tax Projections

    ai & ci cu div Up

    nhw Mi ci Pp t

    9 Governor Daytons May 16 taxproposal would have resulted in noproperty tax increases.

    9 The conservatives tax conferencecommittee plan would have increasedprojected 2012 northwest Minnesotacity property taxes by 5.7% or $9million.

    9 In the nal special session tax bill,conservative insistence on protectingthe wealthiest 2% from an income taxincrease made large cuts in propertytax aids & credits and large propertytax increases inevitable. Projected 2012northwest Minnesota city property

    taxes under the special session tax billwill increase by 5.7% or $9 million--thesame as under the conservative regularsession tax proposal.

    nhw Mi ci P 2012 Pp t IAll Categories o Property an Total (Percent)

    2012 P Pp t IAerage value Home (dollars)

    Northest MN city aerage alue home = $115,500

    9 Conseraties ai cuts an elimination o the homestea creit in thespecial session tax bill ill cause the projecte 2012 property tax on theaerage alue northest Minnesota city home to increase by 3.7%.

    9 Conseraties ai & creit cuts in the special session tax bill ill result in a totalprojecte 2012 northest Minnesota city property tax increase o $3 million orhomeoners, $2 million or rental property oners, an $3.4 million or businesses.

    9 Uner the special session tax bill, the percentage increase in northest Minnesotacity property taxes is greater than the stateie aerage.

    Base on inormation rom the non-partisan House Research department an Senate Counsel & Research.

  • 8/3/2019 MN2020 Report: Hemorrhaging Homesteads, Supplement

    10/38

    10Minnesota 2020 Report: 2012 Property Tax Projections

    ai & ci cu div Up

    nhw Mi tw Pp t

    9 Governor Daytons May 16 taxproposal would have resulted in noproperty tax increases.

    9 The conservatives tax conferencecommittee plan would have increasedprojected 2012 northwest Minnesotatown property taxes by 4.7% or $11million.

    9 In the nal special session tax bill, Gov.Dayton succeeded in achieving a smallproperty tax reduction relative to theconservative proposal. However, withconservative insistence on protectingthe wealthiest 2% from an income taxincrease, large cuts in property tax

    aids & credits and large property taxincreases were inevitable. Projected2012 northwest Minnesota townproperty taxes will increase by 4.5% or$10 million.

    nhw Mn tw P 2012 Pp t IAll Categories o Property an Total (Percent)

    2012 P Pp t IAerage value Home (dollars)

    Northest MN ton aerage alue home = $192,600

    9 Conseraties ai cuts an elimination o the homestea creit in thespecial session tax bill ill cause the projecte 2012 property tax on theaerage alue northest Minnesota tonship home to increase by 6.2%.

    9 Conseraties ai & creit cuts in the special session tax bill ill result ina total projecte 2012 northest Minnesota ton property tax increase o$3.2 million or homeoners, $4.8 million or armers, an $0.7 million orbusinesses.

    Base on inormation rom the non-partisan House Research department an Senate Counsel & Research.

  • 8/3/2019 MN2020 Report: Hemorrhaging Homesteads, Supplement

    11/38

    11Minnesota 2020 Report: 2012 Property Tax Projections

    ai & ci cu div Up

    nh cl Mi ci Pp t

    9 Governor Daytons May 16 taxproposal would have resulted in noproperty tax increases.

    9 Conservatives tax conferencecommittee plan would have increasedNorth Central Minnesota City PropertyTaxes projected 2012 north centralMinnesota city property taxes by 5.2%or $6 million.

    9 In the nal special session tax bill,conservative insistence on protectingthe wealthiest 2% from an income taxincrease made large cuts in propertytax aids & credits and large propertytax increases inevitable. Projected 2012

    north central Minnesota city propertytaxes under the special session tax billwill increase by 5.2% or $6.3 million--the same as under the conservativeregular session tax proposal.

    nh cl Mn ci P 2012 Pp t IAll Categories o Property an Total (Percent)

    2012 P Pp t IAerage value Home (dollars)

    North Central MN city aerage alue home = $139,100

    9 The conseratie ai cuts an elimination o the homestea creit in thespecial session tax bill ill cause the projecte 2012 property tax on theaerage alue north central Minnesota city home to increase by 5.6%.

    9 Conseratie ai & creit cuts in the special session tax bill ill result in a totalprojecte 2012 north central Minnesota city property tax increase o $1.4 million orhomeoners, $1.2 million or rental property oners, an $3 million or businesses.

    9 Uner the special session tax bill, the percentage increase in north central Minnesotacity property taxes is greater than the stateie aerage.

    Base on inormation rom the non-partisan House Research department an Senate Counsel & Research.

  • 8/3/2019 MN2020 Report: Hemorrhaging Homesteads, Supplement

    12/38

    12Minnesota 2020 Report: 2012 Property Tax Projections

    ai & ci cu div Up

    nh cl Mi tw Pp t

    9 Governor Daytons May 16 taxproposal would have resulted in noproperty tax increases.

    9 The House and Senate conservativeplan would increase projected 2012north central Minnesota town propertytaxes by 5.5% or $10 million.

    9 In the nal special session tax bill, Gov.Dayton succeeded in achieving a smallproperty tax reduction relative to theconservative proposal. However, withconservative insistence on protectingthe wealthiest 2% from an income taxincrease, large cuts in property taxaids & credits and large property tax

    increases were inevitable. Projected2012 north central Minnesota townproperty taxes will increase by 5.1% or$9 million.

    nh cl Mn tw P 2012 Pp t IAll Categories o Property an Total (Percent)

    2012 P Pp t IAerage value Home (dollars)

    North central MN ton aerage alue home = $185,200

    9 The conseratie ai cuts an elimination o the homestea creit inthe special session tax bill ill cause the projecte 2012 property tax onthe aerage alue north central Minnesota tonship home to increase by7.6%.

    9 Ai & creit cuts in the special session tax bill ill result in a total projecte 2012north central Minnesota ton property tax increase o $3.7 million or homeoners,$2.6 million or armers, an $0.7 million or businesses.

    9 Uner the special session tax bill, the percentage increase in north central Minnesotaton property taxes is aboe the stateie aerage.

    Base on inormation rom the non-partisan House Research department an Senate Counsel & Research.

  • 8/3/2019 MN2020 Report: Hemorrhaging Homesteads, Supplement

    13/38

    13Minnesota 2020 Report: 2012 Property Tax Projections

    ai & ci cu div Up

    ti ci Pp t

    9 Governor Daytons May 16 taxproposal would have resulted in no

    property tax increases.

    9 The conservatives plan would haveincreased projected 2012 taconite cityproperty taxes by 9.8% or $8 million.

    9 In the nal special session tax bill,Gov. Dayton succeeded in achievinga signicant property tax reductionrelative to the conservative proposal.However, with conservative insistenceon protecting the wealthiest 2% froman income tax increase, large cuts inproperty tax aids & credits and largeproperty tax increases were inevitable.

    Projected 2012 taconite city propertytaxes will increase by 7.2% or $6million.

    ti ci P 2012 Pp t IAll Categories o Property an Total (Percent)

    2012 P Pp t IAerage value Home (dollars)

    Taconite city aerage alue home = $103,800

    9 The conseratie ai cuts an elimination o the homestea creit in thespecial session tax bill ill cause the projecte 2012 property tax on theaerage alue taconite city home to increase by 3.9%.

    9 Conseratie ai & creit cuts in the special session tax bill ill result in a totalprojecte 2012 taconite city property tax increase o $1.6 million or homeoners,$1.2 million or rental property oners, an $2.5 million or businesses.

    9 Uner the special session tax bill, the percentage increase in taconite city propertytaxes is greater than the stateie aerage.

    Base on inormation rom the non-partisan House Research department an Senate Counsel & Research.

  • 8/3/2019 MN2020 Report: Hemorrhaging Homesteads, Supplement

    14/38

    14Minnesota 2020 Report: 2012 Property Tax Projections

    ai & ci cu div Up

    ti tw Pp t

    9 Governor Daytons May 16 taxproposal would have resulted in noproperty tax increases.

    9 The conservatives plan would haveincreased projected 2012 taconite townproperty taxes by 6% or $8 million.

    9 In the nal special session tax bill, Gov.Dayton succeeded in achieving a smallproperty tax reduction relative to theconservative proposal. However, withconservative insistence on protectingthe wealthiest 2% from an income taxincrease, large cuts in property taxaids & credits and large property taxincreases were inevitable. Projected

    2012 taconite town property taxes willincrease by 5.1% or $7 million.

    ti tw P 2012 Pp t IAll Categories o Property an Total (Percent)

    2012 P Pp t IAerage value Home (dollars)

    Taconite ton aerage alue home = $202,700

    9 The conseratie ai cuts an elimination o the homestea creit in thespecial session tax bill ill cause the projecte 2012 property tax on theaerage alue taconite tonship home to increase by 9%.

    9 Conseratie ai & creit cuts in the special session tax bill ill result in a total projecte2012 taconite ton property tax increase o $2.7 million or homeoners, $0.3 million orrental property oners, $1.3 million or armers, an $0.4 million or businesses.

    9 Uner the special session tax bill, the percentage increase in taconite ton property taxesis greater than the stateie aerage.

    Base on inormation rom the non-partisan House Research department an Senate Counsel & Research.

  • 8/3/2019 MN2020 Report: Hemorrhaging Homesteads, Supplement

    15/38

    15Minnesota 2020 Report: 2012 Property Tax Projections

    ai & ci cu div Up

    duluh a Pp t

    9 Governor Daytons May 16 taxproposal would have resulted in noproperty tax increases.

    9 The conservatives plan would haveincreased projected property taxes by14.6% or $18 million.

    9 In the nal special session tax bill,Gov. Dayton succeeded in blockingdraconian cuts in Duluth LGA,thereby avoiding massive conservativeproperty tax increases. However, withconservative insistence on protectingthe wealthiest 2% from an incometax increase, large cuts in propertytax aids & credits and large property

    tax increases were still inevitable.Projected 2012 Duluth area propertytaxes will increase by 7.2% or $9million.

    duluh a P 2012 Pp t IAll Categories o Property an Total (Percent)

    2012 P Pp t IAerage value Home (dollars)

    duluth area aerage alue home = $172,400

    9 The conseratie ai cuts an elimination o the homestea creit in thespecial session tax bill ill cause the projecte 2012 property tax on theaerage alue duluth area home to increase by 7.1%.

    9 The Conseratie ai cuts an elimination o the homestea creit in thespecial session tax bill ill cause the projecte 2012 property tax on theaerage alue duluth area home to increase by 7.1%.

    Base on inormation rom the non-partisan House Research department an Senate Counsel & Research.

  • 8/3/2019 MN2020 Report: Hemorrhaging Homesteads, Supplement

    16/38

    16Minnesota 2020 Report: 2012 Property Tax Projections

    ai & ci cu div Up

    e cl Mi ci Pp t

    9 Governor Daytons May 16 taxproposal would have resulted in noproperty tax increases.

    9 The conservatives plan would haveincreased projected 2012 east centralMinnesota city property taxes by 6.9%or $7.4 million.

    9 In the nal special session tax bill,conservative insistence on protectingthe wealthiest 2% from an income taxincrease made large cuts in propertytax aids & credits and large propertytax increases inevitable. Projected 2012east central Minnesota city propertytaxes under the special session tax

    bill will increase by 6.8% or $7.3million--nearly the same as underthe conservative regular session taxproposal.

    e cl Mn ci P 2012 Pp t IAll Categories o Property an Total (Percent)

    2012 P Pp t IAerage value Home (dollars)

    East central MN city aerage alue home = $147,900

    9 The conseratie ai cuts an elimination o the homestea creit in thespecial session tax bill ill cause the projecte 2012 property tax on theaerage alue east central Minnesota city home to increase by 4.5%.

    9 Conseratie ai & creit cuts in the special session tax bill ill result in a totalprojecte 2012 east central Minnesota city property tax increase o $1.8 millionor homeoners, $1.6 million or rental property oners, an $3.5 million orbusinesses.

    Base on inormation rom the non-partisan House Research department an Senate Counsel & Research.

  • 8/3/2019 MN2020 Report: Hemorrhaging Homesteads, Supplement

    17/38

    17Minnesota 2020 Report: 2012 Property Tax Projections

    ai & ci cu div Up

    e cl Mi tw Pp t

    9 Governor Daytons May 16 taxproposal would have resulted in noproperty tax increases.

    9 The conservatives plan would haveincreased projected 2012 east centralMinnesota town property taxes by6.5% or $8.1 million.

    9 In the nal special session tax bill,conservative insistence on protectingthe wealthiest 2% from an income taxincrease made large cuts in propertytax aids & credits and large propertytax increases inevitable. Projected 2012east central Minnesota town propertytaxes under the special session tax

    bill will increase by 6.3% or $7.8million--nearly the same as underthe conservative regular session taxproposal.

    e cl Mn tw P 2012 Pp t IAll Categories o Property an Total (Percent)

    2012 P Pp t IAerage value Home (dollars)

    East central MN ton aerage alue home = $177,800

    9 The conseratie ai cuts an elimination o the homestea creit in thespecial session tax bill ill cause the projecte 2012 property tax on theaerage alue east central Minnesota tonship home to increase by 5.8%.

    9 The conseratie ai cuts an elimination o the homestea creit in the specialsession tax bill ill cause the projecte 2012 property tax on the aerage alueeast central Minnesota tonship home to increase by 5.8%.

    Base on inormation rom the non-partisan House Research department an Senate Counsel & Research.

  • 8/3/2019 MN2020 Report: Hemorrhaging Homesteads, Supplement

    18/38

    18Minnesota 2020 Report: 2012 Property Tax Projections

    ai & ci cu div Up

    cl Mi ci Pp t

    9 Governor Daytons May 16 taxproposal would have resulted in noproperty tax increases.

    9 The conservatives plan would haveincreased projected 2012 centralMinnesota city property taxes by 5.2%or $19.1 million.

    9 In the nal special session tax bill,conservative insistence on protectingthe wealthiest 2% from an income taxincrease made large cuts in propertytax aids & credits and large propertytax increases inevitable. Projected 2012central Minnesota city property taxesunder the special session tax bill will

    increase by 5.6% or $20.6 million.

    cl Mi ci P 2012 Pp t IAll Categories o Property an Total (Percent)

    2012 P Pp t IAerage value Home (dollars)

    Central Minnesota city aerage alue home = $166,700

    9 The conseratie ai cuts an elimination o the homestea creit in thespecial session tax bill ill cause the projecte 2012 property tax on theaerage alue central Minnesota city home to increase by 4.4%.

    9 Conseratie ai & creit cuts in the special session tax bill ill result in a totalprojecte 2012 central Minnesota city property tax increase o $6.5 million orhomeoners, $3.6 million or rental property oners, an $9.9 million or businesses.

    9 Uner the special session tax bill, the percentage increase in central Minnesota cityproperty taxes is greater than the stateie aerage.

    Base on inormation rom the non-partisan House Research department an Senate Counsel & Research.

  • 8/3/2019 MN2020 Report: Hemorrhaging Homesteads, Supplement

    19/38

    19Minnesota 2020 Report: 2012 Property Tax Projections

    ai & ci cu div Up

    cl Mi tw Pp t

    9 Governor Daytons May 16 taxproposal would have resulted in noproperty tax increases.

    9 The conservatives plan would haveincreased projected 2012 CentralMinnesota Town property taxes by5.6% or $8.2 million.

    9 In the nal special session tax bill, Gov.Dayton succeeded in achieving a smallproperty tax reduction relative to theconservative proposal. However, withconservative insistence on protectingthe wealthiest 2% from an income taxincrease, large cuts in property taxaids & credits and large property tax

    increases were inevitable. Projected2012 Central Minnesota Town propertytaxes will increase by 5.4% or $8.0million.

    cl Mi tw P 2012 Pp t IAll Categories o Property an Total (Percent)

    2012 P Pp t IAerage value Home (dollars)

    Central MN Ton aerage alue home = $228,100

    9 The conseratie ai cuts an elimination o the homestea creit in thespecial session tax bill ill cause the projecte 2012 property tax on theaerage alue Central Minnesota Tonship home to increase by 5.4%.

    9 Conseratie ai & creit cuts in the special session tax bill ill result in a totalprojecte 2012 Central Minnesota Ton property tax increase o $4 million orhomeoners, $2.1 million or armers, an $0.7 million or businesses.

    9 Uner the special session tax bill, the percentage increase in Central MinnesotaTon property taxes is aboe the stateie aerage.

    Base on inormation rom the non-partisan House Research department an Senate Counsel & Research.

  • 8/3/2019 MN2020 Report: Hemorrhaging Homesteads, Supplement

    20/38

  • 8/3/2019 MN2020 Report: Hemorrhaging Homesteads, Supplement

    21/38

    21Minnesota 2020 Report: 2012 Property Tax Projections

    ai & ci cu div Up

    suhw Mi tw Pp t

    9 Governor Daytons May 16 taxproposal would have resulted in noproperty tax increases.

    9 In the nal special session tax bill,conservative insistence on protectingthe wealthiest 2% from an income taxincrease made large cuts in propertytax aids & credits and large propertytax increases inevitable. Projected 2012southwest Minnesota town propertytaxes under the special session tax

    bill will increase by 4.8% or $10million--nearly the same as underthe conservative regular session taxproposal.

    suhw Mn tw P 2012 Pp t IAll Categories o Property an Total (Percent)

    2012 P Pp t IAerage value Home (dollars)

    Southest MN ton aerage alue home = $173,500

    9 The conseratie ai cuts an elimination o the homestea creit in thespecial session tax bill ill cause the projecte 2012 property tax on theaerage alue southest Minnesota tonship home to increase by 7.7%.

    9 The conseratie ai cuts an elimination o the homestea creit in the specialsession tax bill ill cause the projecte 2012 property tax on the aerage aluesouthest Minnesota tonship home to increase by 7.7%.

    Base on inormation rom the non-partisan House Research department an Senate Counsel & Research.

  • 8/3/2019 MN2020 Report: Hemorrhaging Homesteads, Supplement

    22/38

    22Minnesota 2020 Report: 2012 Property Tax Projections

    ai & ci cu div Up

    suh cl Mi ci Pp t

    9 Governor Daytons May 16 taxproposal would have resulted in noproperty tax increases.

    9 The conservatives plan would haveincreased projected 2012 south centralMinnesota city property taxes by 7.2%or $11 million.

    9 In the nal special session tax bill,conservative insistence on protectingthe wealthiest 2% from an income taxincrease made large cuts in propertytax aids & credits and large propertytax increases inevitable. Projected2012 south central Minnesota cityproperty taxes under the special

    session tax bill will increase by 7.3% or$11 million--nearly the same as underthe conservative regular session taxproposal.

    suh cl Mn ci P 2012 Pp t IAll Categories o Property an Total (Percent)

    2012 P Pp t IAerage value Home (dollars)

    South central MN city aerage alue home = $125,000

    9 The conseratie ai cuts an elimination o the homestea creit in thespecial session tax bill ill cause the projecte 2012 property tax on theaerage alue south central Minnesota city home to increase by 5.5%.

    9 The conseratie ai cuts an elimination o the homestea creit in the specialsession tax bill ill cause the projecte 2012 property tax on the aerage aluesouth central Minnesota city home to increase by 5.5%.

    Base on inormation rom the non-partisan House Research department an Senate Counsel & Research.

  • 8/3/2019 MN2020 Report: Hemorrhaging Homesteads, Supplement

    23/38

    23Minnesota 2020 Report: 2012 Property Tax Projections

    ai & ci cu div Up

    suh cl Mi tw Pp t

    9 Governor Daytons May 16 taxproposal would have resulted in noproperty tax increases.

    9 The conservatives plan would haveincreased projected 2012 south centralMinnesota town property taxes by5.2% or $6.1 million.

    9 In the nal special session tax bill, Gov.Dayton succeeded in achieving a smallproperty tax reduction relative to theconservative proposal. However, withconservative insistence on protectingthe wealthiest 2% from an income taxincrease, large cuts in property taxaids & credits and large property tax

    increases were inevitable. Projected2012 south central Minnesota townproperty taxes will increase by 5.0% or$6.0 million.

    suh cl Mn tw P 2012 Pp t IAll Categories o Property an Total (Percent)

    2012 P Pp t IAerage value Home (dollars)

    South central MN ton aerage alue home = $198,700

    9 The conseratie ai cuts an elimination o the homestea creit in thespecial session tax bill ill cause the projecte 2012 property tax on theaerage alue south central Minnesota tonship home to increase by 7%.

    9 Conseratie ai & creit cuts in the special session tax bill ill result in a totalprojecte 2012 south central Minnesota ton property tax increase o $1.6 millionor homeoners, $3.9 million or armers, an $0.3 million or businesses.

    9 Uner the special session tax bill, the percentage increase in south centralMinnesota ton property taxes is aboe the stateie aerage.

    Base on inormation rom the non-partisan House Research department an Senate Counsel & Research.

  • 8/3/2019 MN2020 Report: Hemorrhaging Homesteads, Supplement

    24/38

    24Minnesota 2020 Report: 2012 Property Tax Projections

    ai & ci cu div Up

    olm cu Pp t

    9 Governor Daytons May 16 taxproposal would have resulted in no

    property tax increases.

    9 The conservatives plan would haveincreased projected 2012 OlmstedCounty property taxes by $11 million.

    9 In the nal special session tax bill,conservative insistence on protectingthe wealthiest 2% from an income taxincrease made large cuts in propertytax aids & credits and large propertytax increases inevitable. Projected 2012Olmsted County property taxes underthe special session tax bill will increase

    by $11 million--nearly the same asunder the conservative regular sessiontax proposal.

    olm cu P 2012 Pp t IAll Categories o Property an Total (Percent)

    2012 P Pp t IAerage value Home (dollars)

    Olmste County aerage alue home = $189,500

    9 The conseratie ai cuts an elimination o the homestea creit in thespecial session tax bill ill cause the projecte 2012 property tax on theaerage alue Olmste County home to increase by 5%.

    9 Ai & creit cuts in the special session tax bill ill result in a total projecte 2012Olmste County property tax increase o $4.4 million or homeoners, $1.8 millionor rental property oners, $0.6 million or armers, an $4.3 million or businesses.

    9 Uner the special session tax bill, the percentage increase in Olmste Countyproperty taxes is greater than the stateie aerage.

    Base on inormation rom the non-partisan House Research department an Senate Counsel & Research.

  • 8/3/2019 MN2020 Report: Hemorrhaging Homesteads, Supplement

    25/38

    25Minnesota 2020 Report: 2012 Property Tax Projections

    ai & ci cu div Up

    suh Mi ci Pp t

    suh Mi ci P 2012 Pp t IAll Categories o Property an Total (Percent)

    2012 P Pp t IAerage value Home (dollars)

    Southeast MN city aerage alue home = $137,800

    9 The conseratie ai cuts an elimination o the homestea creit in thespecial session tax bill ill cause the projecte 2012 property tax on theaerage alue southeast Minnesota city home to increase by 5.5%.

    9 Ai & creit cuts in the special session tax bill ill result in a total projecte 2012southeast Minnesota city property tax increase o $6.9 million or homeoners, $2.7million or rental property oners, an $7.3 million or businesses.

    9 Uner the special session tax bill, the percentage increase in southeast Minnesotacity property taxes is greater than the stateie aerage.

    Base on inormation rom the non-partisan House Research department an Senate Counsel & Research.

  • 8/3/2019 MN2020 Report: Hemorrhaging Homesteads, Supplement

    26/38

  • 8/3/2019 MN2020 Report: Hemorrhaging Homesteads, Supplement

    27/38

    27Minnesota 2020 Report: 2012 Property Tax Projections

    ai & ci cu div Upak cu Pp t

    9 Governor Daytons May 16 taxproposal would have resulted in noproperty tax increases.

    9 In the nal special session tax bill,conservative insistence on protectingthe wealthiest 2% from an income taxincrease made large cuts in propertytax aids & credits and large propertytax increases inevitable. Projected 2012Anoka County property taxes underthe special session tax bill will increase

    by 4.5% or $20.2 million.

    ak cu P 2012 Pp t IAll Categories o Property an Total (Percent)

    2012 P Pp t IAerage value Home (dollars)

    Anoka County aerage alue home = $199,700

    9 The conseratie ai cuts an elimination o the homestea creit in thespecial session tax bill ill cause the projecte 2012 property tax on theaerage alue Anoka County home to increase by 5.1%.

    9 Ai & creit cuts in the special session tax bill ill result in a total projecte2012 Anoka County property tax increase o $11.4 million or homeoners,$3.6 or rental property oners, an $4.8 million or businesses.

    Base on inormation rom the non-partisan House Research department an Senate Counsel & Research.

  • 8/3/2019 MN2020 Report: Hemorrhaging Homesteads, Supplement

    28/38

  • 8/3/2019 MN2020 Report: Hemorrhaging Homesteads, Supplement

    29/38

    29Minnesota 2020 Report: 2012 Property Tax Projections

    ai & ci cu div Up

    dk cu Pp t

    9 Governor Daytons May 16 taxproposal would have resulted in noproperty tax increases.

    9 In the nal special session tax bill,conservative insistence on protectingthe wealthiest 2% from an income taxincrease made large cuts in propertytax aids & credits and large propertytax increases inevitable. Projected 2012Dakota County property taxes underthe special session tax bill will increase

    by 3.5% or $21 million.

    dk cu P 2012 Pp t IAll Categories o Property an Total (Percent)

    2012 P Pp t IAerage value Home (dollars)

    dakota County aerage alue home = $228,200

    9 The conseratie ai cuts an elimination o the homestea creit in thespecial session tax bill ill cause the projecte 2012 property tax on theaerage alue dakota County home to increase by 4.2%.

    9 Ai & creit cuts in the special session tax bill ill result in a total projecte2012 dakota County property tax increase o $13 million or homeoners,$2.8 or rental property oners, $0.4 million or armers, an $4.7 millionor businesses.

    Base on inormation rom the non-partisan House Research department an Senate Counsel & Research.

  • 8/3/2019 MN2020 Report: Hemorrhaging Homesteads, Supplement

    30/38

    30Minnesota 2020 Report: 2012 Property Tax Projections

    ai & ci cu div Up

    cv & s cui Pp t

    9 Governor Daytons May 16 taxproposal would have resulted in noproperty tax increases.

    9 In the nal special session tax bill,conservative insistence on protectingthe wealthiest 2% from an income taxincrease made large cuts in propertytax aids & credits and large propertytax increases inevitable. Projected 2012Carver & Scott Counties property taxesunder the special session tax bill willincrease by 3.5% or $13 million.

    cv & s cui P 2012 Pp t IAll Categories o Property an Total (Percent)

    2012 P Pp t IAerage value Home (dollars)

    Carer & Scott Counties aerage alue home = $270,200

    9 The conseratie ai cuts an elimination o the homestea creit in thespecial session tax bill ill cause the projecte 2012 property tax on theaerage alue Carer & Scott Counties home to increase by 4%.

    9 Ai & creit cuts in the special session tax bill ill result in a total projecte2012 Carer & Scott Counties property tax increase o $8.1 million orhomeoners, $1.9 or rental property oners, $0.7 million or armers, an$2.3 million or businesses.

    Base on inormation rom the non-partisan House Research department an Senate Counsel & Research.

  • 8/3/2019 MN2020 Report: Hemorrhaging Homesteads, Supplement

    31/38

    31Minnesota 2020 Report: 2012 Property Tax Projections

    ai & ci cu div Up

    nh Hpi cu Pp t

    9 Governor Daytons May 16 taxproposal would have resulted in noproperty tax increases.

    9 In the nal special session tax bill,conservative insistence on protectingthe wealthiest 2% from an income taxincrease made large cuts in propertytax aids & credits and large propertytax increases inevitable. Projected 2012northern Hennepin County propertytaxes under the special session tax billwill increase by 3.7% or $17.6 million.

    nh Hpi P 2012 Pp t IAll Categories o Property an Total (Percent)

    2012 P Pp t IAerage value Home (dollars)

    Northern Hennepin aerage alue home = $208,600

    9 The conseratie ai cuts an elimination o the homestea creit in thespecial session tax bill ill cause the projecte 2012 property tax on theaerage alue northern Hennepin County home to increase by 3.9%.

    9 Conseraties ai & creit cuts in the special session tax bill ill result in atotal projecte 2012 northern Hennepin County property tax increase o $8.6million or homeoners, $3.3 or rental property oners, an $5.4 millionor businesses.

    Base on inormation rom the non-partisan House Research department an Senate Counsel & Research.

  • 8/3/2019 MN2020 Report: Hemorrhaging Homesteads, Supplement

    32/38

    32Minnesota 2020 Report: 2012 Property Tax Projections

    ai & ci cu div Upsuh Hpi cu Pp t

    9 Governor Daytons May 16 taxproposal would have resulted in noproperty tax increases.

    9 In the nal special session tax bill,conservative insistence on protectingthe wealthiest 2% from an income taxincrease made large cuts in propertytax aids & credits and large propertytax increases inevitable. Projected 2012southeast Hennepin County propertytaxes under the special session tax billwill increase by 2.5% or $16 million.

    suh Hpi P 2012 Pp t IAll Categories o Property an Total (Percent)

    2012 P Pp t IAerage value Home (dollars)

    Southeast Hennepin aerage alue home = $269,200

    9 The conseratie ai cuts an elimination o the homestea creit in thespecial session tax bill ill cause the projecte 2012 property tax on theaerage alue southeast Hennepin County home to increase by 3%.

    9 Conseraties ai & creit cuts in the special session tax bill ill result ina total projecte 2012 southeast Hennepin County property tax increaseo $7.6 million or homeoners, $2.9 or rental property oners, an $5.8million or businesses.

    Base on inormation rom the non-partisan House Research department an Senate Counsel & Research.

  • 8/3/2019 MN2020 Report: Hemorrhaging Homesteads, Supplement

    33/38

    33Minnesota 2020 Report: 2012 Property Tax Projections

    ai & ci cu div Up

    suhw Hpi cu Pp t

    9 Governor Daytons May 16 taxproposal would have resulted in noproperty tax increases.

    9 Legislative conservatives planwould have increased projected 2012southwest Hennepin County propertytaxes by 2% or $13.7 million.

    9 In the nal special session tax bill,conservative insistence on protectingthe wealthiest 2% from an income taxincrease made large cuts in propertytax aids & credits and large propertytax increases inevitable. Projected 2012southwest Hennepin County propertytaxes under the special session tax bill

    will increase by 2.4% or $16.5 million.

    suhw Hpi P 2012 Pp t IAll Categories o Property an Total (Percent)

    2012 P Pp t IAerage value Home (dollars)

    Southest Hennepin aerage alue home = $369,400

    9 The conseratie ai cuts an elimination o the homestea creit in thespecial session tax bill ill cause the projecte 2012 property tax on theaerage alue southest Hennepin County home to increase by 3.1%.

    9 Conseratie ai & creit cuts in the special session tax bill ill result in atotal projecte 2012 southest Hennepin County property tax increase o$10.2 million or homeoners, $2.6 or rental property oners, an $3.6million or businesses.

    Base on inormation rom the non-partisan House Research department an Senate Counsel & Research.

  • 8/3/2019 MN2020 Report: Hemorrhaging Homesteads, Supplement

    34/38

    34Minnesota 2020 Report: 2012 Property Tax Projections

    ai & ci cu div Up

    subub rm cu Pp t

    9 Governor Daytons May 16 taxproposal would have resulted in noproperty tax increases.

    9 Legislative conservatives planwould have increased projected 2012suburban Ramsey County propertytaxes by 2.7% or $11.9 million.

    9 In the nal special session tax bill,conservative insistence on protectingthe wealthiest 2% from an income taxincrease made large cuts in propertytax aids & credits and large propertytax increases inevitable. Projected 2012suburban Ramsey County propertytaxes under the special session tax bill

    will increase by 3.2% or $14 million.

    subub rm P 2012 Pp t IAll Categories o Property an Total (Percent)

    2012 P Pp t IAerage value Home (dollars)

    Suburban Ramsey aerage alue home = $231,100

    9 The conseratie ai cuts an elimination o the homestea creit in thespecial session tax bill ill cause the projecte 2012 property tax on theaerage alue suburban Ramsey County home to increase by 3.7%.

    9 Conseraties ai & creit cuts in the special session tax bill ill result ina total projecte 2012 suburban Ramsey County property tax increase o $7million or homeoners, $2.3 or rental property oners, an $4.5 millionor businesses.

    Base on inormation rom the non-partisan House Research department an Senate Counsel & Research.

  • 8/3/2019 MN2020 Report: Hemorrhaging Homesteads, Supplement

    35/38

  • 8/3/2019 MN2020 Report: Hemorrhaging Homesteads, Supplement

    36/38

    36Minnesota 2020 Report: 2012 Property Tax Projections

    ai & ci cu div Up

    si Pul Pp t

    9 Governor Daytons May 16 taxproposal would have resulted in noproperty tax increases.

    9 The conservatives plan would haveincreased projected 2012 Saint Paulproperty taxes by 9% or $35 million.

    9 In the nal special session tax bill,Gov. Dayton succeeded in blockingdraconian cuts in Saint Paul LGA,thereby avoiding massive conservativeproperty tax increases. However, withconservative insistence on protectingthe wealthiest 2% from an incometax increase, large cuts in propertytax aids & credits and large property

    tax increases were still inevitable.Projected 2012 Saint Paul propertytaxes will increase by 6.1% or $24million.

    si Pul P 2012 Pp t IAll Categories o Property an Total (Percent)

    2012 P Pp t IAerage value Home (dollars)

    Saint Paul aerage alue home = $198,200

    9 The conseratie ai cuts an elimination o the homestea creit in thespecial session tax bill ill cause the projecte 2012 property tax on theaerage alue Saint Paul home to increase by 6.2%.

    9 Conseraties ai & creit cuts in the special session tax bill ill result in a totalprojecte 2012 Saint Paul property tax increase o $9.4 million or homeoners,$6.9 million or rental property oners, an $7.6 million or businesses.

    9 Uner the special session tax bill, the percentage increase in Saint Paul propertytaxes is aboe the stateie aerage.

    Base on inormation rom the non-partisan House Research department an Senate Counsel & Research.

  • 8/3/2019 MN2020 Report: Hemorrhaging Homesteads, Supplement

    37/38

    37Minnesota 2020 Report: 2012 Property Tax Projections

    Base on inormation rom the non-partisan House Research department an Senate Counsel & Research.

  • 8/3/2019 MN2020 Report: Hemorrhaging Homesteads, Supplement

    38/38

    Minnesota 2020 is a progressive, non-partisan think tank, focused on what really matters.

    2324 University Avenue West, Suite 204, Saint Paul, MN 55114

    www.mn2020.org